Robert
EPS of 44c beat estimates of 41c; revenue of $1.25B slightly missed estimates. Brookfield Asset Management enters 2026 positioned for continued fee growth, supported by expanding scale, new AI-infrastructure initiatives and growing insurance and credit platforms. Its 3Q results reflected strong momentum, with record fundraising, deployment and monetizations underscoring platform strength. Fundraising reached $77 billion year to date, with 80% of 3Q inflows from complementary strategies, while dry powder stood at $125 billion, including $55 billion that's not yet earning fees and represents about $550 million of embedded fee-related earnings (FRE) growth. FRE margin expanded to 58%, up from 56% last quarter, highlighting further operating leverage ahead. Things look very solid.