**Brookfield Asset Management Reports Second Quarter 2024 Financial Results**

**Brookfield Asset Management Reports Second Quarter 2024 Financial Results** Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) announced its financial results for the quarter ended June 30, 2024. ### Key Financial Metrics | Metric | Q2 2024 | Q2 2023 | YoY Change | Consensus Estimate | | ---------------------------------------|-------------------|-----------|-------------|--------------------| | Total Revenue | $1.15B | N/A | N/A | $1.15B | | Earnings Per Share (EPS) | $0.36 | N/A | N/A | $0.35 | | Net Income | $124M | $109M | +13.8% | N/A | | Fee-Related Earnings (FRE) | $583M ($0.36/share) | $550M | +6% | N/A | | Distributable Earnings (DE) | $548M ($0.34/share) | $527M | +4% | N/A | Interpretation: Brookfield Asset Management performed strongly, surpassing the consensus EPS estimate of $0.35 with an actual EPS of $0.36. Total Fee-Related Earnings and Distributable Earnings both showed positive year-over-year growth, reflecting robust underlying business operations. ### Revenue Breakdown by Segments | Segment | Q2 2024 Revenue | | -------------------------------------- | ----------------- | | Credit Franchise | $61B raised | | Renewable Power and Transition Fund | $4B raised | | Infrastructure | $900M raised | | Real Estate | $1.1B raised | | Private Equity | $500M raised | Interpretation: Each segment demonstrated significant fundraising efforts, with notable capital raised across the credit franchise, renewable power, infrastructure, real estate, and private equity segments. The fundraising activities indicate strong investor confidence and expanding business operations. ### Key Operational Data | Metric | Q2 2024 Value | | --------------------------------------| ----------------- | | Assets Under Management (AUM) | ~$1 Trillion | | Fee-Bearing Capital | $514 Billion | | Uncalled Fund Commitments | $107 Billion | | Cash and Equivalents | $1.9 Billion | ### Executive Commentary Connor Teskey, President of Brookfield Asset Management, highlighted the strong performance and momentum within the company’s credit business, citing a successful $68 billion capital raise. He also underlined the company's expanding opportunities in the renewable power sector, supported by strategic partnerships and acquisitions, such as Neoen. ### Dividends The board of directors declared a quarterly dividend of $0.38 per share, payable on September 27, 2024, to shareholders of record as of August 30, 2024. ### Forward Guidance The company did not provide specific forward guidance but indicated continued focus on long-term growth strategies and deployment of raised capital. ### Stock Price Movement Following the earnings release, BAM’s stock price experienced a positive movement, rising by approximately 1.48%. Brookfield Asset Management’s recent quarterly performance underscores a solid growth trajectory and strategic focus on broadening its asset management capabilities across multiple high-demand sectors.