Brookfield Asset Management Posts Mixed Q4 But Says $107B Dry Powder Promises Busy Dealmaking Year
Portfolio Pulse from Lekha Gupta
Brookfield Asset Management Inc (NYSE:BAM) reported Q4 revenues of $1.13 billion, surpassing estimates but missed EPS expectations with $0.23 versus $0.72 consensus. Distributable earnings rose slightly, and the company announced a 19% dividend increase. With $107 billion in dry powder, BAM anticipates a busy dealmaking year ahead. The company also launched a significant Catalytic Transition Fund at COP28.
February 07, 2024 | 6:38 pm
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Brookfield Asset Management reported higher Q4 revenues but missed EPS estimates. Announced a 19% dividend increase and expects a busy year in dealmaking with $107 billion dry powder.
The positive revenue beat and the significant increase in the dividend are likely to be viewed favorably by investors, potentially leading to a short-term positive impact on BAM's stock price. However, the miss on EPS could temper some of the enthusiasm. The announcement of a busy dealmaking year ahead with substantial dry powder could further bolster investor confidence in the company's growth prospects.
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