Brookfield Corporation

Equities

BN

CA11271J1075

Investment Management & Fund Operators

Market Closed - Toronto S.E. Other stock markets 04:50:53 2024-07-05 pm EDT			5-day change	1st Jan Change
57.97 ^CAD	-1.29%		+1.79%	+9.07%

Jul. 03	Canada's equity market makes a modest turnaround as copper miners lead fundraising	RE
Jul. 03	Loscam Suitor Reportedly Drops Out of Race	CI

Brookfield Logs Profit, Higher Revenue in 4Q

February 08, 2024 at 08:11 am EST

By Adriano Marchese

Brookfield swung to a profit and reported higher revenue in the fourth quarter.

The Canadian alternative investment management company on Thursday reported a net income of $699 million, or 42 cents a share, compared with a loss of $316 million, or 23 cents a share, a year earlier.

Revenues rose to $24.5 billion from $24.2 billion.

President Nick Goodman said that the company's asset management business saw very strong fundraising momentum, and its insurance solutions business had a transformational year, while the operating businesses continued to show resilience.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

02-08-24 0810ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BROOKFIELD CORPORATION	57.97 CAD	-1.29%	+1.79%	66.89B
	INSURANCE GROUP LIMITED	6.06 AUD	+0.17%	+0.33%	1.48B

Latest news about Brookfield Corporation

Canada's equity market makes a modest turnaround as copper miners lead fundraising	Jul. 03	RE
Loscam Suitor Reportedly Drops Out of Race	Jul. 03	CI
Sector Update: Energy Stocks Advance in Late Friday Afternoon Trading	Jun. 28	MT
Sector Update: Energy Stocks Rise in Friday Afternoon Trading	Jun. 28	MT
Brookfield Attracts Four Bidders for Saeta Yield	Jun. 28	MT
Engie, Total, Masdar, China Three Gorges Vie for Brookfield's Saeta Yield	Jun. 28	MT
Sector Update: Financial Stocks Fall Late Afternoon	Jun. 25	MT
Sector Update: Financial Stocks Lower in Afternoon Trading	Jun. 25	MT
Top Midday Stories: Microsoft Hit with EU Antitrust Charges; Judge Blocks Swipe-Fee Settlement Between Visa, Mastercard and Retailers; Novo Nordisk Secures Chinese Approval for Weight-Loss Drug; Tesla, Ford Issue Recalls	Jun. 25	MT
Brookfield Agrees to Acquire Majority Stake in Neoen for $42.80 per Share	Jun. 25	MT
Sector Update: Financial Stocks Lean Lower Premarket Tuesday	Jun. 25	MT
Brookfield Agrees to Acquire Majority Stake in Neoen for $42.8 per Share	Jun. 25	MT
TSX futures dip ahead of Canada inflation data	Jun. 25	RE
Brookfield to Acquire Majority Stake in Neoen; Mandatory Offer Planned	Jun. 25	MT
Brookfield to Takeover France's Neoen in $6.5 Billion -- Update	Jun. 25	DJ
Neoen: contract signed for majority block	Jun. 25	CF
Carlyle, KKR Reportedly Shortlisted to Bid for Discover's US Student Loan Portfolio	Jun. 21	CI
Brookfield Reportedly to Sell Retirement Village Operator Aveo	Jun. 20	CI
Sector Update: Financial Stocks Lean Lower Pre-Bell Tuesday	Jun. 18	MT
Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Ahead of Speeches by Fed Officials	Jun. 18	MT
TSX futures steady ahead of US data, Fed comments	Jun. 18	RE
Brookfield Prices $450 Million Notes Due 2035 and $200 Million Re-Opening of Notes Due 2054	Jun. 18	MT
Brookfield Prices $450 Million Senior Notes, $200 Million Re-Opening of Notes	Jun. 18	MT
COMPLETION OF BROOKFIELD CONSORTIUM GEMS TRANSACTION IS EXPECTED…	Jun. 18	RE
Gulf Islamic Investments LLC, State Oil Fund of the Republic of Azerbaijan, Brookfield Special Investments Fund L.P., managed by Brookfield Corporation (TSX:BN) and Marathon Asset Management, LP.	Jun. 17	CI

Chart Brookfield Corporation

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Company Profile

Brookfield Corporation is an owner and operator of real assets. It is focused on compounding capital over the long term to earn attractive total returns for its shareholders. Its operating segments include the asset management business and insurance solutions business. Its operating businesses include Renewable Power and Transition business, which includes the ownership, operation, and development of hydroelectric, wind, utility-scale solar power generating assets and distributed energy and sustainable solutions; Infrastructure business, which includes the ownership, operation and development of utilities, transport, midstream, and data assets; Private Equity business, which is focused on the ownership and operation of business services and industrial operations; Real Estate business , which includes the ownership, operation and development of core and transitional and development investments, and Corporate Activities, which include the investment of cash and financial assets.

Sector

Investment Management & Fund Operators

Calendar

2024-08-07 - Q2 2024 Earnings Release

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

43.15 USD

Average target price

43.03 USD

Spread / Average Target

-0.28%

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Quarterly earnings - Rate of surprise

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