Brookfield Asset Management Inc (BAM) reported quarterly earnings results on Friday, Aug-12-2016. The company said it had a profit of $0.62 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $0.46. The company posted revenue of $5973.00 million in the period, compared to analysts expectations of $4779.48 million. The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Many Wall Street Analysts have commented on Brookfield Asset Management Inc. Keefe Bruyette Initiated Brookfield Asset Management Inc on May 24, 2016 to “Outperform”, Price Target of the shares are set at $41.
Brookfield Asset Management Inc opened for trading at $34.67 and hit $34.92 on the upside on Monday, eventually ending the session at $34.77, with a gain of 0.23% or 0.08 points. The heightened volatility saw the trading volume jump to 5,40,450 shares. Company has a market cap of $33,332 M.
Brookfield Asset Management Inc. (Brookfield) is a global alternative asset manager. The Company owns and operates assets with a focus on property renewable energy infrastructure and private equity. The Company operates in eight segments: Asset Management property renewable energy infrastructure private equity residential development service activities and corporate activities. Brookfield manages a range of investment funds and other entities that enable institutional and retail clients to invest in these assets. These products include publicly listed partnerships that are listed on stock exchanges as well as private institutional partnerships that are available to accredited investors typically pension funds endowments and other institutional investors. The Company also manages portfolios of listed securities through a series of segregated accounts and mutual funds.