Yahoo Finance Brookfield Asset Management Reports First Quarter 2023 Earnings
Brookfield Asset Management (TSE:BAM) First Quarter 2023 Results
Key Financial Results
Revenue: US$966.0m (up 28% from 1Q 2022).
Net income: US$516.0m (up 48% from 1Q 2022).
Profit margin: 53% (up from 46% in 1Q 2022).
EPS: US$0.32.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Brookfield Asset Management Earnings Insights
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 1.4% growth forecast for the Capital Markets industry in Canada.
Performance of the Canadian Capital Markets industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Brookfield Asset Management has 2 warning signs we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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