Brookfield Corp. reports Q2 distributable EPS $1.35, consensus $1.07

Reports Q2 revenue $23.05B vs. $23.67B last year. Nick Goodman, President, said, “We achieved strong financial performance in the second quarter, with cash flows across our asset management, wealth solutions and operating businesses continuing to grow. This momentum is expected to build over the balance of 2024 and beyond. We completed $800M of share buybacks to date this year and will keep allocating capital to share repurchases when it makes sense, further enhancing the value of each remaining share. With capital markets improving and a constructive economic backdrop, we expect transaction activity to continue to increase over the coming quarters. This sets us up well to execute on monetizations across the business and, in turn, further bolster our earnings.”