Brookfield Asset Management (BAM) Tops Q3 EPS by 49c, Revenues Beat

Brookfield Asset Management (NYSE: BAM) reported Q3 EPS of $0.93, $0.49 better than the analyst estimate of $0.44. Revenue for the quarter came in at $17.88 billion versus the consensus estimate of $14.79 billion.

Bruce Flatt, CEO of Brookfield, stated, “Our results were strong, underpinned by long-term businesses which are doing well. With the completion of our Oaktree transaction we broadened our product offering and this should be additive for our clients. Our $65 billion of capital available for investments is our highest, ever.”

For earnings history and earnings-related data on Brookfield Asset Management (BAM) click here.

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