Is Brookfield Asset Management Stock a Buy Now?
Brookfield Asset Management (NYSE: BAM) has an $88 billion market cap, which isn't huge in the world of finance. But the asset manager has an over 100-year history of successfully investing on behalf of itself and its clients. That kinda success tends to attract investors who want to get in on what Brookfield is doing.And yet, the stock is currently trading down about 12% from its recent highs, working its way back from a decline of more than 25%. What was weighing on this stock, and is it a buy after the partial recovery?Brookfield Asset Management manages money for other people (and for itself). It makes money by charging clients fees for the services it provides. At the end of 2024, the asset manager had over $1 trillion in assets under management and roughly $500 billion or so of fee-bearing capital. In 2024, Brookfield Asset Management generated $2.5 billion in fees.Continue reading
Brookfield Asset Management (NYSE: BAM) has an $88 billion market cap, which isn't huge in the world of finance. But the asset manager has an over 100-year history of successfully investing on behalf of itself and its clients. That kinda success tends to attract investors who want to get in on what Brookfield is doing.
And yet, the stock is currently trading down about 12% from its recent highs, working its way back from a decline of more than 25%. What was weighing on this stock, and is it a buy after the partial recovery?
Brookfield Asset Management manages money for other people (and for itself). It makes money by charging clients fees for the services it provides. At the end of 2024, the asset manager had over $1 trillion in assets under management and roughly $500 billion or so of fee-bearing capital. In 2024, Brookfield Asset Management generated $2.5 billion in fees.
