Brookfield Asset Management reports Q2 distributable EPS of $0.44, matching estimates, as assets under management hit $1.3T.
Brookfield Asset Management (BAM) saw its stock climb 3.8% in premarket trading after Q2 revenue exceeded Wall Street expectations. The company’s fundraising reached a record, pushing assets under management to $1.3 trillion.
Distributable earnings per share stood at $0.44, in line with the average analyst estimate. The results reflect strong investor demand and growth in managed assets, though prior quarter comparisons were not disclosed.
Premarket trading indicated positive investor sentiment following the earnings release.