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Brookfield Asset Management Ltd - BAM STOCK NEWS

Welcome to our dedicated news page for Brookfield Asset Management (Ticker: BAM), a resource for investors and traders seeking the latest updates and insights on Brookfield Asset Management.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Brookfield Asset Management's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Brookfield Asset Management's position in the market.

News
Scout Clean Energy Announces 12-Year Virtual Power Purchase Agreement with Zoetis Inc.
Rhea-AI Summary
Scout Clean Energy signs a 12-year Virtual Power Purchase Agreement with Zoetis Inc. for a 50 MW portion of its Heart of Texas Wind Farm, supporting Zoetis' goal of carbon neutrality by 2030. The agreement will generate Renewable Energy Certificates and contribute to reducing emissions as part of the RE100 initiative.
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Brookfield Asset Management Ltd. Sets First Quarter 2024 Results Conference Call
Rhea-AI Summary
Brookfield Asset Management (BAM) will release its Q1 2024 financial results on May 8, 2024. An earnings conference call and webcast will follow to discuss the results and operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
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Brookfield Announces a Strategic Partnership with Soundcore Capital Partners and Heartland Paving Partners
Rhea-AI Summary
Brookfield Asset Management announces a strategic partnership with Soundcore Capital Partners to accelerate growth for Heartland Paving Partners in the Upper Midwest market. This marks Brookfield's first investment through its private equity sponsor solutions strategy, aiming to provide bespoke solutions to mid-market buyout sponsors.
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End-of-Day
-1.49%
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partnership
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Brookfield Asset Management Completes Annual Filings and Announces Management Changes
Rhea-AI Summary
Brookfield Asset Management announced the filing of its 2023 annual materials, including financial statements and management's discussion. Hadley Peer Marshall appointed as Chief Financial Officer effective May 31, 2024, succeeding Bahir Manios.
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Brookfield Asset Management Announces Strong Fourth Quarter Results and 19% Dividend Increase
Rhea-AI Summary
Brookfield Asset Management Ltd. announced strong performance in capital inflows, raising $93 billion and expecting $143 billion with the closing of the American Equity Investment Life insurance account. The company raised its quarterly dividend by 19% to $0.38 per share. Net income for the quarter was $95 million, and distributable earnings were $586 million. Fee-bearing capital was $457 billion, with $107 billion of uncalled fund commitments. The company deployed $15 billion of capital in the fourth quarter and announced strategic initiatives, including the launch of a multi-billion dollar Catalytic Transition Fund and the appointment of Sir Ron Kalifa as Vice Chair and Head of Financial Infrastructure investments.
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0.23%
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Brookfield Announces $10 Billion First Closing for Second Brookfield Global Transition Fund
Rhea-AI Summary
Brookfield Asset Management (BAM) has raised $10 billion in the first closing of the second Brookfield Global Transition Fund (BGTF II), making it the world's largest transition investor among private fund managers. The fund focuses on accelerating the global transition to a net zero economy while delivering strong risk-adjusted returns for investors. The predecessor fund, BGTF I, closed on a record $15 billion and has made landmark investments across renewable power, business transformation, carbon capture and storage, renewable natural gas, and nuclear services opportunities. The fund aims to deliver strong financial returns while making meaningful environmental impacts for people and the planet.
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-1.42%
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Scout Signs Virtual Power Purchase Agreement with AdventHealth for Texas Wind Farm
Rhea-AI Summary
Scout Clean Energy signs a Virtual Power Purchase Agreement (VPPA) with AdventHealth for a 90-megawatt portion of the Heart of Texas Wind Farm, expected to support 40% of AdventHealth's electricity needs, and reduce greenhouse gas emissions. The wind farm generates enough clean energy for the ERCOT grid to power approximately 67,000 homes and supports local communities through tax incentive agreements, with an estimated $36 million economic impact over the project's life.
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Brookfield Asset Management Ltd. Sets Fourth Quarter 2023 Results Conference Call
Rhea-AI Summary
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) will release its Q4 2023 financial results on February 7, 2024. The results will be accessible on their website. An earnings conference call and webcast to review the results and operations will follow at 11:00 a.m. (EST). Participants can join via conference call or webcast. Replay of the event will be available for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
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Equinox Introduces the Luxe 8700x Payment Terminal
Rhea-AI Summary
Equinox Payments unveiled the Luxe 8700x payment solution at NRF 2024: Retail's Big Show in New York City. The device offers a perfect combination of form and function, engaging customers and withstanding the demands of a busy check-out lane. It is part of Equinox’s portfolio of innovative payment solutions, with features such as a crystal-clear display, unique angled keypad, illuminated chip card slot, and intuitive under-the-display contactless reader. The device is meticulously engineered to tolerate the test of time without jeopardizing extraordinary design, featuring ultra-strong Aramid fiber faceplate, highly durable in-mold decorated plastic keytops, and a chemically strengthened and scratch-resistant 5-inch high-definition touch display. The Luxe 8700x also features a secure Linux operating system, numerous connectivity options, and multiple encryption keys for secure transactions.
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Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid
Rhea-AI Summary
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid to purchase up to 34,605,494 Class A Limited Voting Shares, representing approximately 10% of the public float of the company's outstanding Class A Shares. The bid will extend from January 11, 2024, to January 10, 2025, with purchases to be made on the open market through various trading systems. As of December 31, 2023, the company had 413,026,253 Class A Shares issued and outstanding, with 346,054,943 shares representing the public float. Brookfield Asset Management is renewing the bid to invest its excess cash for an attractive risk-adjusted return, believing that the market price of its Class A Shares may not fully reflect the underlying value of its business and future prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
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Stock BAM logo
Brookfield Asset Management Ltd

NYSE:BAM

BAM Rankings

#620 Ranked by Market Cap
#2655 Ranked by Stock Gains
#598 Ranked by Dividends

BAM Stock Data

14.98B
360.31M
15.09%
68.68%
4.1%
Portfolio Management
Finance and Insurance
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Canada
Toronto