This Top-Performing Stock Continues to Deliver Market-Crushing Returns
Brookfield Corporation (NYSE: BN) is coming off another excellent year. The leading global investment firm delivered record financial results. That helped catapult its stock, which generated a market-crushing 55% return -- more than double the S&P 500's (SNPINDEX: ^GSPC) 26% total return. That continued the company's multi-decade record of outperformance (it has generated a 19% annualized return over the last 30 years, compared to 11% for the S&P 500). The company is in an excellent position to continue delivering robust returns for shareholders. Its businesses are growing briskly, and it trades at a wide discount compared to its intrinsic value. Because of that, it's a great stock to buy and hold."We delivered record financial results in 2024, with strong contributions from each of our businesses," stated president Nick Goodman in Brookfield Corporation's fourth-quarter earnings press release. The company reported nearly $4.9 billion, or $3.07 per share, of distributable earnings (DE) before realizations. That implied 24% growth on an absolute basis and 15% per share compared to 2023's level. Its DE was even higher when factoring in realizations (earnings from monetizing mature assets) at almost $6.3 billion, or $3.96 per share, an increase of more than 30%. Continue reading
Brookfield Corporation (NYSE: BN) is coming off another excellent year. The leading global investment firm delivered record financial results. That helped catapult its stock, which generated a market-crushing 55% return -- more than double the S&P 500's (SNPINDEX: ^GSPC) 26% total return. That continued the company's multi-decade record of outperformance (it has generated a 19% annualized return over the last 30 years, compared to 11% for the S&P 500).
The company is in an excellent position to continue delivering robust returns for shareholders. Its businesses are growing briskly, and it trades at a wide discount compared to its intrinsic value. Because of that, it's a great stock to buy and hold.
"We delivered record financial results in 2024, with strong contributions from each of our businesses," stated president Nick Goodman in Brookfield Corporation's fourth-quarter earnings press release. The company reported nearly $4.9 billion, or $3.07 per share, of distributable earnings (DE) before realizations. That implied 24% growth on an absolute basis and 15% per share compared to 2023's level. Its DE was even higher when factoring in realizations (earnings from monetizing mature assets) at almost $6.3 billion, or $3.96 per share, an increase of more than 30%.
