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  5. BAM: Please comment on latest results. [Brookfield Asset Management Ltd. Class A Limited Voting Shares]
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Q: Please comment on latest results.Think Bn reports morning ,May 11. Txs for U usual great services & views
Asked by Peter on May 12, 2023
5i Research Answer:

We have comments posted on BN.

BAM reported an EPS of $0.428 beating estimates of $0.425 and revenues of $1.291B missed estimates of $1.486M. BAM has raised $19B of capital year-to-date, and net income totaled $125M in the quarter. Distributable earnings were $563M for the quarter, and fee-related earnings comprise nearly 100% of distributable earnings. Its fee-bearing capital increased by 14% over the prior year, and the company launched fundraising for its fifth flagship infrastructure fund and sixth flagship private equity fund. Overall, BAM is experiencing strong financial performance, with significant fundraising, capital deployment, and strategic initiatives driving its growth.