Should You Buy Brookfield Asset Management While It's Below $55?
Like many stocks, Brookfield Asset Management (NYSE: BAM) has slumped this year. Shares of the leading global alternative asset manager were recently below $55 a piece, down more than 15% from their high earlier this year. Here's a look at whether the dip is a buying opportunity or if investors should wait for the stock to fall even further.Brookfield Asset Management is coming off an excellent year. It generated nearly $2.5 billion in fee-related earnings last year, a more than 10% increase from 2023. Its growth rate accelerated during the year as the company raised capital from investors and deployed it into fee-bearing investments. Brookfield raised $135 billion from investors last year, including a record $29 billion in the fourth quarter. That helped drive an 18% increase in fee-bearing capital during the fourth quarter and a 17% uptick in fee-related earnings in that period. Continue reading
Like many stocks, Brookfield Asset Management (NYSE: BAM) has slumped this year. Shares of the leading global alternative asset manager were recently below $55 a piece, down more than 15% from their high earlier this year.
Here's a look at whether the dip is a buying opportunity or if investors should wait for the stock to fall even further.
Brookfield Asset Management is coming off an excellent year. It generated nearly $2.5 billion in fee-related earnings last year, a more than 10% increase from 2023. Its growth rate accelerated during the year as the company raised capital from investors and deployed it into fee-bearing investments. Brookfield raised $135 billion from investors last year, including a record $29 billion in the fourth quarter. That helped drive an 18% increase in fee-bearing capital during the fourth quarter and a 17% uptick in fee-related earnings in that period.
