The latest update is out from Brookfield Corporation ( (TSE:BN) ).
Brookfield Corporation announced record financial results for 2024, with distributable earnings before realizations increasing by 15% to $4.9 billion. The company’s asset management business saw over $135 billion in inflows, and its wealth solutions earnings nearly doubled, driven by the acquisition of American Equity Life and organic growth. The Board declared a 13% increase in the quarterly dividend, reflecting confidence in continued positive momentum across its businesses.
More about Brookfield Corporation
Brookfield Corporation operates in the asset management and wealth solutions industry, providing a diverse range of services including asset management, wealth solutions, renewable power, infrastructure, and private equity. The company is a top-tier annuity writer in the U.S. and is known for its stable cash flows and strong market positioning through strategic partnerships and acquisitions.
YTD Price Performance: 1.81%
Average Trading Volume: 2,079,900
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $88.32B
See more insights into BN stock on TipRanks’ Stock Analysis page.