Brookfield Asset Management Reports First Quarter 2016 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Super Micro Computer establishes $1.25 billion stock sale agreement
Brookfield Asset Management (BAM) Sets Date for Brookfield Business Partners Spinoff
May 16, 2016 7:23 AM EDTBrookfield Asset Management Inc. (NYSE: BAM) announced that it will effect the distribution of units in Brookfield Business Partners L.P. ("BBP") to holders of Brookfield's Class A and B limited voting shares (the "Shares"), which was first made public in October 2015. BBP will be the primary vehicle through which Brookfield will own and operate the business services and industrial operations of its private equity business group on a global basis.
"Brookfield Business Partners will complete the fourth pillar of our strategy to consolidate Brookfield's major business units into public market affiliates, and... More
Brookfield Asset Management (BAM) Misses Q1 EPS by 4c
May 13, 2016 6:57 AM EDTBrookfield Asset Management (NYSE: BAM) reported Q1 EPS of $0.23, $0.04 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $5.22 billion versus the consensus estimate of $4.54 billion.
Funds from operations ("FFO") increased by 26% to $703 million or $0.69 per share. Strong... More
