Brookfield Asset Management reports Q4 EPS 42c, consensus 39c

Reports Q4 revenue $1.06B, consensus $1.25B. Connor Teskey, President of Brookfield Asset Management (BAM), stated, “2024 was another strong year for our business. We raised over $135B of capital, including a record $29B of organic fundraising in the Q4. This fundraising momentum, alongside annual capital deployments of $48B drove year-over-year growth of 18% for our fee-bearing capital, and 17% for our fourth quarter fee-related earnings.” He continued, “2025 is shaping up to be yet another record year for us. We have a great foundation in place, with well-positioned, diversified fund offerings in leadership positions across the fastest growing areas in the alternatives space. Driven by the growth in our flagship and complementary funds and credit business, this positive outlook and our strong financial position enabled us to raise our quarterly dividend by 15%. Finally, last week we closed the previously announced transaction between BAM and Brookfield Corporation, and as a result, BAM, with 1.6B shares now outstanding, owns the entire asset management business at an equity market capitalization approaching $100B.”