BAM

Nvidia NVDA) stock has surged more than 7% on Thursday after the AI chip giant delivered another blockbuster quarterly report yesterday evening and, more importantly, gave Wall Street considerably more confidence that its extraordinary growth can extend well into next year. Ahead of the report, several key questions surrounded Nvidia's Q2 results: whether its Vera Rubin platform was ramping on schedule, if gross margins could remain near 75%, and how much of the massive AI infrastructure buildout Nvidia would ultimately have to finance itself. The answers were mostly encouraging, although investors still have a few risks to weigh before chasing today's rally. Image Source: Zacks Investment Research Nvidia posted Q2 revenue for its current fiscal 2027 of $96.22 billion, soaring 106% from $46.74 billion in the prior year quarter and comfortably topping estimates of $91.79 billion. Adjusted net income came in at $53.95 billion, or earnings of $2.22 per share, up 120% year over year and beating Q2 EPS expectations of $2.09 by 6%. Data Center sales were the standout once again, jumping 117% to a record $89 billion. Image Source: Zacks Investment Research Even more impressive was Nvidia’s outlook. The chip giant expects Q3 revenue of $108 billion, plus or minus 2%, with no Data Center compute sales from China included in that forecast. Management also offered a preliminary expectation for roughly 70% revenue growth in fiscal 2028, despite anticipating that supply will remain constrained through the end of that reporting year. That longer-term outlook arguably provided the biggest catalyst for today's rally, as Wall Street had been bracing for a much steeper slowdown in Nvidia's growth rate. To that point, its Q3 revenue forecast came in above analyst consensus estimates of $102 billion (Current Qtr below), while the FY28 preliminary revenue forecast is well ahead of Zacks current projections of $553.24 billion or 42% growth. Image Source: Zacks Investment Research The Vera Rubin ramp also provided the confirmation investors were looking for. Production shipments began earlier this month, and Nvidia says it has already received purchase orders from every major hyperscaler, AI cloud provider, and system original equipment manufacturer (OEM). Management expects Vera Rubin to account for roughly 20% of Data Center revenue in Q3 and believes it could become the fastest product ramp in Nvidia's history. This suggests Nvidia is transitioning from its Blackwell platform to its next-generation AI architecture without the growth pause investors might normally expect during a major product cycle. Profitability remains exceptional, but this was one area where the report was less reassuring. Nvidia maintained a 75% gross margin in Q2, but management expects it to slip to roughly 74% in Q3 and bottom between 71% and 72% in Q4 as surging memory prices increase system costs. Nvidia expects margins to settle around 72%-73% in FY28, with planned price increases beginning to provide some relief early next year. Considering Nvidia's staggering revenue growth, these margins remain enviable. Still, investors should no longer assume that mid-70% gross margins are guaranteed as increasingly complex AI systems push component costs higher. Over the trailing twelve months (TTM), Nvidia’s 74% gross margin has impressively outpaced the S&P 500’s 53% average and has topped its Zacks Semiconductor-General Industry average of 72% Image Source: Zacks Investment Research Nvidia's balance sheet remains formidable. The company finished Q2 with roughly $99 billion in cash and marketable debt and equity securities, while generating $24.1 billion in operating cash flow during the quarter. However, Nvidia is deploying significant amounts of capital across its ecosystem. Non-marketable securities rose to more than $51 billion from $22 billion at the beginning of the fiscal year, while the company purchased $15.8 billion of equity securities during Q2 alone. Its supply and capacity commitments also surged from $119 billion last quarter to roughly $279 billion as Nvidia locks down memory and manufacturing capacity for future demand. That said, Nvidia appears to be finding ways to bring much deeper pockets into the AI buildout. Its partnerships with major investment firms Apollo Global Management APO), BlackRock BLK), Blackstone BX), Brookfield Asset Management BAM), Goldman Sachs GS) and KKR KKR) are intended to mobilize more than $500 billion of third-party capital for AI infrastructure, creating independent pools of financing for Nvidia customers. That could gradually shift more of the burden away from Nvidia's own balance sheet, although investors should continue monitoring its guarantees, strategic investments, and other commitments as the AI spending boom grows larger. Despite today's rally, Nvidia stock is still trading at just under 24X forward earnings following its impressive Q2 EPS beat. Furthermore, upward earnings estimate revisions after such a strong report and outlook could quickly make Nvidia’s valuation even more appealing. Notably, NVDA is trading near its decade-low forward P/E of 20X and at a nearly 50% discount to its 10-year median of 45X. Image Source: Zacks Investment Research And if you're wondering, NVDA’s return over the last decade is near a staggering 14,500% Image Source: Zacks Investment Research There is considerably more to like about Nvidia following Q2 earnings. The company crushed expectations, issued strong Q3 guidance, provided surprisingly bullish FY28 commentary, and offered concrete evidence that Vera Rubin is already becoming its next major revenue engine. Margin pressure and Nvidia's enormous financial commitments prevent the story from being completely risk-free, and investors don't necessarily have to chase a 7% one-day spike. Still, the rally appears fundamentally supported rather than simply driven by post-earnings enthusiasm. Most importantly, NVDA now sports a Zacks Rank #2 (Buy), reflecting a favorable earnings-estimate revision outlook. For long-term investors, Nvidia's valuation still looks surprisingly reasonable relative to its growth trajectory, making pullbacks particularly attractive and today's post-earnings rally difficult to bet against. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Blackstone Inc. (BX) : Free Stock Analysis Report BlackRock (BLK) : Free Stock Analysis Report KKR & Co. Inc. (KKR) : Free Stock Analysis Report Brookfield Asset Management Ltd. (BAM) : Free Stock Analysis Report Apollo Global Management Inc. (APO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

On August 13, Brookfield (NYSE:BN) held its second-quarter earnings call, and the story management told was less about property spreadsheets and more about power lines and reactors. Distributable earnings before realizations climbed 15% year over year to $1.4 billion for the quarter, and executives spent much of the call explaining how a $100 billion Kentucky data center project and a nuclear buildout fit into that growth. Brookfield's pitch centers on a gap between AI's appetite for electricity and the grid's ability to supply it. CEO Bruce Flatt described a $100 billion partnership with the US Department of Energy to build an AI campus in Kentucky on federally owned land, a deal he said requires few approvals because of that federal ownership. Alongside that, the Department of Energy committed a further $17.5 billion to Brookfield and its utility partners to acquire long lead time items for Westinghouse's reactor pipeline, which the company says is now under construction on 14 reactors with visibility into 40 more and another 100 beyond that. The asset management engine backing these bets had its own strong quarter. Fundraising hit a record $77 billion, pushing fee-bearing capital up 19% to $672 billion and fee-related earnings up 20% from a year earlier. The Oaktree acquisition closed in July, and Wealth Solutions distributable earnings rose 23% year over year to $480 million as the newly acquired Just Group added $45 billion of insurance assets. Real estate leasing added another data point: office tenants signed 4.5 million square feet globally at net rents 19% above what was expiring, including leases in Canada priced more than double prior rates. Flatt opened his remarks by naming the risks directly, pointing to geopolitical conflict, higher energy prices and uncertainty around interest rates as factors shaping the near-term market environment. That acknowledgment sits alongside a Just Group integration that is still a work in progress. Management said it exited an early-stage direct-to-consumer initiative and is still working through reducing the business's cost base, and Just contributed just $29 million of earnings in its first quarter under Brookfield ownership, a starting return on equity of about 12%. Capital return also raises questions for income-focused shareholders. The board declared a quarterly dividend of only $0.07 per share, while the company spent roughly $580 million on buybacks year to date at an average price of $42, showing where management prefers to direct spare cash. Separately, the approved simplification of Brookfield's capital structure requires taxable Canadian and UK shareholders to actively file an election if they want a tax-deferred share exchange, an administrative step that falls on investors rather than the company. Management also acknowledged the annuity business operates in a competitive market, even as it held spreads above 200 basis points. Hedge fund ownership ticked up only slightly, from 46 funds in the prior quarter to 47 in the most recent one, a small gain rather than a rush of new institutional buying. Brookfield's forward price-to-earnings ratio sits at 11.89 as of August 21, a multiple that does not look like it is pricing in aggressive growth assumptions. Put together, these suggest the market has not yet fully credited the AI and nuclear buildout that dominated management's commentary. Brookfield laid out a quarter with real growth numbers and a set of headline-grabbing infrastructure commitments, but the two do not automatically converge. For the AI and nuclear story to change the valuation picture, the Kentucky campus and the Westinghouse reactor pipeline need to move from announced financing to delivered, earning assets. While we acknowledge the potential of BN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Future Stocks to Buy Under $10 and 12 Best Performing Semiconductor Stocks to Invest In. Disclosure: None. Follow Insider Monkey on Google News.

TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Partners Value Investments L.P. (the “Partnership”, TSXV:PVF.UN, PVF.PR.U) announced today its financial results for the three and six months ended June 30, 2026. All amounts are stated in United States dollars ("US dollars"). The Partnership recorded net income of $15 million for the three months ended June 30, 2026, compared to a net loss of $6 million in the prior year period. The increase in income was primarily driven by foreign currency translation gains and higher investment income, partially offset by higher valuation losses on our investment portfolio. Net income of $12 million was attributable to the Equity Limited Partners, and net income of $3 million was attributable to Preferred Limited Partners. The Partnership recorded net income of $46 million for the six months ended June 30, 2026, compared to $18 million in the prior year period. The increase in income was primarily due to the same factors described above. Net income of $41 million was attributable to the Equity Limited Partners, and net income of $5 million was attributable to Preferred Limited Partners. As at June 30, 2026, the market price of a Brookfield Corporation (“BN”, NYSE/TSX: BN) share and a Brookfield Asset Management Ltd. (“BAM”, NYSE/TSX: BAM) share was $42.59 and $44.85, respectively. As at August 14, 2026, the market price of a BN share and a BAM share was $43.85 and $54.31, respectively. Unaudited Interim Condensed Consolidated Statements of Operations Fully diluted NAV, a non-IFRS measure, is equal to total equity less General Partner equity, Preferred Limited Partners equity, carrying value of non-controlling interests, an adjustment for the fair value of non-controlling interests and deferred financing costs, plus the value of consideration to be received from the assumed exercise of outstanding warrants. The following table presents the changes in fully diluted NAV for the six months ended June 30, 2026 and 2025: Adjusted to reflect the ten-for-one unit split effective August 8, 2025. Attributable to Equity Limited Partners. As at June 30, 2026, the value of consideration to be received on exercising warrants was $nil (December 31, 2025 – $130 million) inclusive of the impact of foreign currency translation movements. The warrants expired on June 30, 2026, in accordance with the warrant terms. Preferred LP units surrendered in satisfaction of the warrant exercise price. Determined based on the net asset value of non-controlling interests held in certain subsidiaries of the Partnership. As at June 30, 2026, on a fully diluted basis there were 778.0 million (June 30, 2025 – 784.2 million) Equity LP units outstanding; this includes 700.4 million (June 30, 2025 – 697.9 million) outstanding Equity LP units, 77.6 million (June 30, 2025 – 25.9 million) Equity LP units which are issuable in exchange for Partners Value Investments Inc. shares, and nil (June 30, 2025 – 60.4 million) units from the assumed exercise of nil (June 30, 2025 – 27.9 million) warrants. Financial Profile The Partnership’s principal investments are its interest in approximately 181 million Class A Limited Voting Shares of BN and approximately 30 million Class A Limited Voting Shares of BAM, which it received pursuant to the spin-off of Brookfield Asset Management Ltd. from Brookfield Corporation in 2022 (collectively, the "Brookfield Shares"). This represents approximately an 8% interest in BN and a 2% interest in BAM as at June 30, 2026. In addition, the Partnership owns a diversified investment portfolio of marketable securities and private fund interests. The information in the following table has been extracted from the Partnership’s Consolidated Statements of Financial Position: Consolidated Statements of Financial Position The investment in Brookfield Corporation consists of 181 million BN shares with a quoted market value of $42.59 per share as at June 30, 2026 (December 31, 2025 – $45.89). The investment in Brookfield Asset Management Ltd. consists of 30 million BAM shares with a quoted market value of $44.85 per share as at June 30, 2026 (December 31, 2025 – $52.39). Brookfield Wealth Solutions Ltd. (“BWS”) Class A shares are exchangeable into BN Class A shares on a one-for-one basis. Comprises $875 million of retractable preferred shares of Partners Value Investments Inc. and Partners Value Split Corp. less $14 million of deferred financing costs as at June 30, 2026 (December 31, 2025 – $895 million and $16 million, respectively) and $236 million of three series of Preferred LP units of the Partnership (December 31, 2025 – $236 million). Reconciliation of Non-IFRS Measure The following table reconciles fully diluted NAV to total equity as at June 30, 2026, December 31, 2025, June 30, 2025 and December 31, 2024: The warrants expired on June 30, 2026, in accordance with the warrant terms. For further information, contact Investor Relations at [email protected] or (416) 359-8534. Notice to Readers The Partnership is not making any offer or invitation of any kind by communication of this news release and under no circumstance is it to be construed as a prospectus or an advertisement. This news release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian provincial securities laws and any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of the Partnership, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and which are in turn based on management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of the Partnership are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. Although the Partnership believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those contemplated or implied by forward‐looking statements and information include, but are not limited to: the financial performance of Brookfield Corporation, the impact or unanticipated impact of general economic, political and market factors; the behavior of financial markets, including fluctuations in interest and foreign exchange rates and heightened inflationary pressures; limitations on the liquidity of our investments; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including acquisitions and dispositions; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation; changes in tax laws; risks associated with the use of financial leverage; catastrophic events, such as earthquakes, hurricanes and epidemics/pandemics; the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; failure of our information and technology systems; developments in artificial intelligence; and other risks and factors detailed from time to time in the Partnership’s documents filed with the securities regulators in Canada. We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect future results. Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release and such other date specified herein. Except as required by law, the Partnership undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise. Past performance is not indicative of, nor a guarantee of, future results. There can be no assurance that comparable results will be achieved in the future, that future investments will be similar to historic investments discussed herein, that targeted returns, or growth objectives will be met or investment objectives will be achieved (because of economic conditions, the availability of appropriate opportunities or otherwise).

TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Partners Value Split Corp. (the “Company”, TSX: PVS.PR.H, PVS.PR.J, PVS.PR.K, PVS.PR.L, PVS.PR.M, PVS.PR.U, PVS.PR.V) announced today its financial results for the six months ended June 30, 2026. All amounts are in United States dollars ("US dollars"). Income available for distribution for the six-month period ended June 30, 2026, was $50 million compared to $48 million in the prior year period. The increase in income was primarily due to the increase in the dividend rate by Brookfield Corporation (“BN”, NYSE/TSX: BN) and Brookfield Asset Management Ltd. (“BAM”, NYSE/TSX: BAM). Net comprehensive loss of $729 million was primarily due to unrealized mark-to-market losses on BN and BAM shares, as compared to net comprehensive income of $533 million in the prior year period. As at June 30, 2026, the market prices of a BN share and a BAM share were $42.59 and $44.85, respectively. As at August 14, 2026, the market prices of a BN share and a BAM share were $43.85 and $54.31, respectively. A unit consists of one preferred share and one capital share. The net asset value per unit is posted monthly on our website at www.partnersvaluesplit.com. UNAUDITED INTERIM CONDENSED STATEMENTS OF COMPREHENSIVE INCOME 1 The weighted average number of units outstanding during the six months ended June 30, 2026, was 47.9 million (June 30, 2025 – 55.1 million). As at June 30, 2026, the Company owned 179 million Class A Limited Voting shares of BN, and 25 million Class A Limited Voting shares of BAM, which together generate cash flow through dividend payments that fund quarterly fixed cumulative preferential dividends for the holders of the Company’s preferred shares and provide the holders of the Company's capital shares the opportunity to participate in any capital appreciation of the Brookfield shares. Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. BN has three core businesses: alternative asset management, wealth solutions, and its operating businesses which are in energy, infrastructure, business and industrial services, and real estate. BN is publicly traded on the New York and Toronto stock exchanges under the symbol BN and BN.TO, respectively. The Company’s investment in BN represents approximately an 8% interest in BN. Brookfield Asset Management Ltd. is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across energy, infrastructure, private equity, real estate, and credit. BAM invests client capital for the long term with a focus on real assets and essential service businesses that form the backbone of the global economy. BAM offers a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. BAM draws on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for its clients, across economic cycles. BAM is publicly traded on the New York and Toronto stock exchanges under the symbol BAM and BAM.TO, respectively. The Company’s investment in BAM represents approximately a 2% interest in BAM. For further information, contact Investor Relations at (416) 359-8534. Notice to Readers The Company is not making any offer or invitation of any kind by communication of this news release and under no circumstance is it to be construed as a prospectus or an advertisement. This news release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian provincial securities laws and any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of the Company, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and which are in turn based on management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of the Company are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, forward-looking statements contained in this news release include statements with regard to the generation of cumulative preferential dividends for the holders of the Company’s preferred shares and potential participation by the holders of the Company’s capital shares in the capital appreciation of Brookfield Shares. Although the Company believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those contemplated or implied by forward‐looking statements and information include, but are not limited to: the financial performance of Brookfield Corporation, the impact or unanticipated impact of general economic, political and market factors; the behavior of financial markets, including fluctuations in interest and foreign exchange rates and heightened inflationary pressures; limitations on the liquidity of our investments; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including acquisitions and dispositions; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation; changes in tax laws; risks associated with the use of financial leverage; catastrophic events, such as earthquakes, hurricanes and epidemics/pandemics; the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; failure of our information and technology systems; developments in artificial intelligence; and other risks and factors detailed from time to time in the Company’s documents filed with the securities regulators in Canada. We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect future results. Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release and such other date specified herein. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise. Past performance is not indicative, nor a guarantee of, future results. There can be no assurance that comparable results will be achieved in the future, that future investments will be similar to historic investments discussed herein, that targeted returns or growth objectives will be met or investment objectives will be achieved (because of economic conditions, the availability of appropriate opportunities or otherwise).

TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Partners Value Investments Inc. (the “Company”, TSXV: PVF.PR.V, PVF.A) announced today its financial results for the three and six months ended June 30, 2026. All amounts are stated in United States dollars ("US dollars"). The Company recorded a net loss of $145 million for the three months ended June 30, 2026, compared to a net loss of $135 million in the prior year period. The increase in net loss was primarily due to higher remeasurement losses associated with the Company's exchangeable shares and warrants of $35 million and $16 million, respectively, compared to remeasurement gains of $21 million and $119 million in the prior year period, respectively, partially offset by lower remeasurement losses associated with the Company's retractable common shares of $126 million compared to $247 million in the prior year period, and foreign currency gains of $21 million compared to foreign currency losses of $40 million in the prior year period. The Company recorded net income of $752 million for the six months ended June 30, 2026, compared to $837 million in the prior year period. The decrease in net income was primarily due to lower remeasurement gains associated with the Company's retractable common shares, exchangeable shares and warrants of $586 million, $1 million and $109 million, respectively, compared to remeasurement gains of $706 million, $21 million and $116 million, respectively, in the prior year period, partially offset by foreign currency gains of $32 million compared to foreign currency losses of $40 million in the prior year period. The Company's retractable common shares, exchangeable shares and warrants are classified as liabilities due to their retractable, exchangeable and convertible features, respectively. The remeasurement gains or losses on retractable common shares and exchangeable shares in a given period are driven by the respective depreciation or appreciation of the Partners Value Investments L.P.'s Equity LP unit ("Equity LP unit") price. The remeasurement gains or losses on warrants in a given period are driven by the respective depreciation or appreciation of the market price of a warrant. The Company's outstanding warrants expired on June 30, 2026, in accordance with the warrant terms. Adjusted Earnings is a non-IFRS measure that can be used to evaluate the performance of the Company, defined as net income (loss) attributable to the Company, excluding the impact of remeasurement gains (losses) on retractable common shares, exchangeable shares, and warrant liability, as well as dividends paid on retractable common shares. The Company recorded Adjusted Earnings of $39 million for the three months ended June 30, 2026, compared to a loss in Adjusted Earnings of $21 million in the prior year period. Adjusted Earnings increased due to favourable foreign currency movements as a result of the depreciation of the Canadian dollar against the US dollar and higher investment income, partially offset by valuation losses on our investment portfolio and higher preferred share dividends as a result of net new issuances compared with the prior year period. The Company recorded Adjusted Earnings of $71 million for the six months ended June 30, 2026, compared to $9 million in the prior year period. Adjusted Earnings increased primarily due to the same factors described above. As at June 30, 2026, the market prices of a Brookfield Corporation (“BN”, NYSE/TSX: BN) share and a Brookfield Asset Management Ltd. (“BAM”, NYSE/TSX: BAM) share were $42.59 and $44.85, respectively. As at August 14, 2026, the market prices of a BN share and a BAM share were $43.85 and $54.31, respectively. Financial Profile The Company’s principal investments are its interest in 181 million Class A Limited Voting Shares of BN and approximately 26 million Class A Limited Voting Shares of BAM, which it received pursuant to the spin-off of Brookfield Asset Management Ltd. from Brookfield Corporation in 2022 (collectively, the "Brookfield Shares"). This represents approximately an 8% interest in BN and a 2% interest in BAM as at June 30, 2026. In addition, the Company owns a diversified investment portfolio of marketable securities and private fund interests. The information in the following table has been extracted from the Company’s Unaudited Interim Condensed Consolidated Statements of Financial Position: 1 The investment in Brookfield Corporation consists of 181 million BN shares with a quoted market value of $42.59 per share as at June 30, 2026 (December 31, 2025 – $45.89).2 The investment in Brookfield Asset Management Ltd. consists of 26 million BAM shares with a quoted market value of $44.85 per share as at June 30, 2026 (December 31, 2025 – $52.39).3 Brookfield Wealth Solutions Ltd. Class A shares are exchangeable into BN Class A shares on a one-for-one basis.4 Comprises $875 million of retractable preferred shares less $14 million of deferred financing costs as at June 30, 2026 (December 31, 2025 – $895 million and $16 million, respectively).5 The Company's outstanding warrants expired on June 30, 2026, in accordance with the warrant terms. Reconciliation of Non-IFRS Measure The following table reconciles Adjusted Earnings to net income (loss) attributable to the Company for the three and six months ended June 30, 2026 and 2025: For further information, contact Investor Relations at [email protected]. Notice to Readers The Company is not making any offer or invitation of any kind by communication of this news release and under no circumstance is it to be construed as a prospectus or an advertisement. This news release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian provincial securities laws and any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of the Company, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and which are in turn based on management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of the Company are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. Although the Company believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those contemplated or implied by forward‐looking statements and information include, but are not limited to: the financial performance of Brookfield Corporation, the impact or unanticipated impact of general economic, political and market factors; the behavior of financial markets, including fluctuations in interest and foreign exchange rates and heightened inflationary pressures; limitations on the liquidity of our investments; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including acquisitions and dispositions; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation; changes in tax laws; risks associated with the use of financial leverage; catastrophic events, such as earthquakes, hurricanes and epidemics/pandemics; the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; failure of our information and technology systems; developments in artificial intelligence; and other risks and factors detailed from time to time in the Company’s documents filed with the securities regulators in Canada. We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect future results. Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release and such other date specified herein. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise. Past performance is not indicative of, nor a guarantee of, future results. There can be no assurance that comparable results will be achieved in the future, that future investments will be similar to historic investments discussed herein, that targeted returns, or growth objectives will be met or investment objectives will be achieved (because of economic conditions, the availability of appropriate opportunities or otherwise).

Interested in Brookfield Corporation? Here are five stocks we like better. Brookfield reported strong Q2 growth: Distributable earnings before realizations rose 15% year over year to $1.4 billion, or $0.61 per share. The company raised $98 billion, deployed $100 billion and monetized $40 billion of assets in the first half of 2026. Asset management fundraising reached a record $77 billion, lifting fee-bearing capital 19% to $672 billion. Brookfield also completed its Oaktree integration, expanding its global credit platform and ending the quarter with $210 billion in deployable capital. AI infrastructure, nuclear power and insurance are key growth areas: Brookfield is advancing a planned $100 billion Kentucky AI project, citing opportunities in data centers and energy, while Westinghouse benefits from new nuclear financing. Wealth Solutions earnings rose 23%, and Brookfield targets more than $300 billion in insurance assets by 2030. Why Bloom Energy May Be the Most Important AI Infrastructure Stock Brookfield (NYSE:BN) reported second-quarter distributable earnings before realizations of $1.4 billion, or $0.61 per share, up 15% per share from a year earlier, as growth in asset management and wealth solutions supported results. Total distributable earnings, including realizations, were $1.5 billion, or $0.66 per share, for the quarter. Over the past 12 months, distributable earnings before realizations totaled $5.7 billion, or $2.39 per share. → AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be Beyond the AI Trade: 3 Defensive Stocks Built for Stability Chief Executive Officer Bruce Flatt said the company raised $98 billion of capital, deployed $100 billion and monetized $40 billion of assets during the first half of 2026. It also completed $130 billion of financings across the franchise. Flatt said the company sees a constructive environment despite geopolitical conflict, higher energy prices and uncertainty around interest rates. He pointed to rising demand for assets with low obsolescence risk and said digitalization, decarbonization and deglobalization are expanding investment opportunities in artificial intelligence infrastructure, energy, supply-chain reorganization and data sovereignty. → Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand 3 Stocks to Ride the Manufacturing Sector's Big Comeback Brookfield’s Asset Management business generated distributable earnings of $740 million, or $0.31 per share, during the quarter. The segment raised a record $77 billion of capital, including $17 billion across flagship strategies. The fundraising total included $7 billion for the seventh vintage of Brookfield’s private equity strategy and $9 billion for the sixth vintage of its infrastructure strategy. President Nick Goodman said both funds are on track to become the largest in their respective series. → On Holding's Price Stumble May Be an Opening for a Company Built to Run Fee-bearing capital increased 19% year over year to $672 billion, while fee-related earnings rose 20%. Goodman said Brookfield expects another record fundraising year. In July, Brookfield completed the acquisition of Oaktree, bringing the firms fully together and expanding its global credit platform. Flatt said the combined credit business is now among the most comprehensive globally. The company said its capital base, which includes public-market, institutional, private-wealth, insurance and balance-sheet capital, gives it flexibility to match capital sources with investments across market cycles. Brookfield ended the quarter with $210 billion of deployable capital. Management highlighted AI infrastructure as a major opportunity spanning Brookfield’s real estate, energy, infrastructure and credit operations. Flatt said the company is bringing together power generation, transmission, land entitlement, financing and customer relationships to support AI-related development. Brookfield recently announced a planned $100 billion AI factory project in Kentucky with the U.S. government. Flatt said the U.S. Department of Energy selected Brookfield to repurpose a federally owned industrial site for an AI campus, with the site requiring relatively few additional approvals because of its existing Department of Energy uses. Goodman said Brookfield expects much of its AI-related activity to be funded through its client funds, co-investments from large institutions and listed affiliates rather than relying primarily on corporate balance-sheet capital. He added that stabilized data-center assets could be recycled to long-duration institutional owners, helping fund further development. Brookfield also cited Westinghouse as a beneficiary of demand for energy security and nuclear generation. Flatt said the U.S. Department of Energy made a further $17.5 billion financing commitment, alongside utility partners, to acquire long-lead items for reactor construction. Westinghouse has 14 reactors in various stages of construction, line of sight on another 40, and an additional 100 potential projects, according to Flatt. Wealth Solutions generated distributable earnings of $480 million, or $0.20 per share, up 23% from the prior-year quarter. The business originated $5 billion of annuity sales, while insurance assets rose to more than $190 billion, aided by the acquisition of U.K.-based Just Group, which added $45 billion of insurance assets. Chief Executive Officer of Wealth Solutions Sachin Shah said Just Group contributed approximately $29 million of earnings during Brookfield’s first full quarter of ownership, representing an initial return on equity of about 12%. Shah said Brookfield has exited Just’s early-stage direct-to-consumer initiative and is simplifying the business around pension risk transfer and retail annuities. He said Just’s cost structure is two to three times that of some competitors and identified cost reductions and portfolio repositioning as key levers for improving returns. Brookfield expects its investment origination capabilities in real estate, infrastructure and energy to support higher investment yields for Just’s long-duration pension liabilities. Shah said there is at least 50 basis points of potential spread improvement through cost reductions, with a longer-term path toward a spread closer to 200 basis points. The company’s North American insurance operations deployed $5 billion into real-asset investments during the quarter, producing an average net investment income yield of 5.7%. Its property-and-casualty business recorded a 99% combined ratio, while the overall gross spread was 2.2%. Shah said Brookfield sees a path to more than $300 billion of insurance assets by the end of the decade. He also said new bank distribution channels contributed about $200 million of annuity sales in the quarter, and that the company sees potential to add $10 billion to $12 billion of annual sales through bank channels over the next several years. Brookfield’s operating businesses generated $361 million of distributable earnings, or $0.15 per share. Its super-core and core-plus real estate portfolios ended the quarter with occupancy above 95%. In retail, nearly 1 million square feet of leases commenced at rents 12% above expiring levels. In office, Brookfield signed 4.5 million square feet of leases globally at average net rents 19% above expiring rents. The company completed several asset sales during the first half, including the initial public offering of Csquare, its U.S. colocation data-center platform, generating about $1.2 billion of proceeds. Brookfield retained a 64% stake. It also sold One Churchill Place in Canary Wharf for £750 million and completed the $650 million sale of construction business Multiplex. Brookfield realized $121 million of net carried interest during the quarter and ended the period with $12.5 billion of accumulated unrealized carried interest. Goodman said the company expects carry realization to build over time as earlier-vintage infrastructure and Oaktree funds return capital and clear preferred-return thresholds. The company returned $270 million to shareholders through dividends and share repurchases during the quarter. Year to date, it repurchased approximately $580 million of shares at an average price of $42 per share. The board declared a quarterly dividend of $0.07 per share, payable at the end of September to shareholders of record on Sept. 14, 2026. Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets. Brookfield's services include asset management, direct investing, property development and the operation of infrastructure and energy businesses. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Brookfield Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Brookfield Corporation (NYSE:BN) shares edged 0.13% lower in premarket trading after the investment group reported second-quarter adjusted earnings per share below Wall Street expectations. Despite the headline earnings miss, Brookfield delivered higher revenue and double-digit growth in distributable earnings before realizations, supported by strong fundraising and performance across its asset management and wealth solutions businesses. Brookfield reported adjusted earnings of $0.14 per share for the second quarter, missing the analyst consensus of $0.65 by $0.51. Quarterly revenue reached $19.4 billion, representing a 7% increase from $18.1 billion in the second quarter of 2025. Distributable earnings before realizations were $1.4 billion, equivalent to $0.61 per share and 15% higher than in the same period a year earlier. “Our business performed well in the second quarter, with continued momentum driving 15% growth in earnings per share,” said Nick Goodman, President of Brookfield Corporation. “We were active through the first six months of the year—raising $98 billion of capital, deploying $100 billion into large-scale opportunities, and monetizing $40 billion of assets at attractive returns.” Brookfield’s asset management operations continued to deliver strong growth during the quarter, with fee-related earnings rising 20% compared with the prior-year period. Fundraising reached a record $77 billion during the quarter, helping lift fee-bearing capital to $672 billion by the end of the period. The increase provides Brookfield with a larger base from which to generate recurring management fees while strengthening the capital available across its investment strategies. The company said it raised $98 billion of capital during the first six months of the year while deploying $100 billion into large-scale investment opportunities. Brookfield’s wealth solutions business also contributed to the quarter’s growth, with earnings increasing 23% year over year. Performance was supported by strong organic inflows as well as the first full-quarter contribution from Just Group. The combination of expanding asset management earnings and growth within wealth solutions helped support Brookfield’s underlying performance despite the reported adjusted earnings-per-share figure falling below analyst expectations. Including realizations, total distributable earnings amounted to $1.5 billion for the second quarter, equivalent to $0.66 per share. Realizations contributed $121 million to the quarterly total as Brookfield continued to monetise investments alongside deploying capital into new opportunities. The company ended the quarter with $210 billion of deployable capital, leaving it with substantial financial capacity to pursue additional investments as opportunities emerge. During the first half of the year, Brookfield also monetised $40 billion of assets, with management highlighting the attractive returns achieved through those transactions. Brookfield maintained its shareholder distributions by declaring a quarterly dividend of $0.07 per share. The dividend will be paid on September 29, 2026, to shareholders of record as of September 14, 2026. While the headline earnings miss contributed to modest premarket weakness in Brookfield shares, the quarter also showed continued growth in distributable earnings, record fundraising and substantial available investment capital. Investors are likely to remain focused on whether the company’s strong capital deployment and fundraising activity can translate into further earnings growth over the coming quarters. Brookfield Corporation stock price

BROOKFIELD, NEWS, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions (NYSE, TSX: BNT) today announced financial results for the quarter ended June 30, 2026. Sachin Shah, CEO of Brookfield Wealth Solutions, stated, “Our business delivered strong results during the second quarter as we advanced our growth strategy across our key markets and grew total assets to over $200 billion. The integration of Just Group is progressing well, our product offering continues to broaden, and we have a meaningful pipeline of attractive opportunities to deploy our capital. Supported by Brookfield’s global investment capabilities and significant permanent capital base we remain well positioned to deliver stable earnings and continued growth.” See Non-GAAP and Performance Measures on page 7 and a reconciliation from net income (loss) on page 6. Per share amounts have been adjusted to reflect the three-for-two stock split completed on October 9, 2025. Second Quarter Highlights Significantly expanded our international operations, completing the acquisition of Just Group plc (“Just Group”), a leading provider of retirement services in the U.K. pension risk transfer and individual annuity markets. Originated $5 billion of annuity sales across our retail, pension and funding agreement channels. Deployed over $5 billion into Brookfield originated fixed income and equity strategies across our investment portfolio at an average target yield of 7%. Received shareholder approval for our simplification transaction with Brookfield Corporation. Operating Update We recognized $488 million and $926 million of distributable operating earnings (“DOE”) for the three and six months ended June 30, 2026, compared to $398 million and $835 million in the prior year periods, respectively. The current period DOE reflects a full quarter of contribution from Just Group, and higher net investment income within our Annuities segment as a result of organic growth and continued asset redeployment into our Brookfield strategies, as well as continued improving underwriting results within our Property and Casualty segment. We recorded net income of $149 million and a net loss of $453 million for the three and six months ended June 30, 2026, compared to net income of $516 million and $234 million in the prior year periods, respectively. The net income includes the benefit of our strong DOE performance offset by unfavorable movements related to unrealized mark-to-market on inflation derivatives and public equity investment positions. Today, we are in a strong liquidity position, with approximately $35 billion of cash and short-term liquid investments across our investment portfolios, and another approximately $43 billion of long-term liquid investments. These liquid assets position us well to meet policyholder obligations and support the ongoing rotation of our portfolio into higher yielding investment strategies. Regular Distribution Declaration The Board declared a quarterly return of capital of $0.07 per class A share and class B share (representing $0.28 per annum), payable on September 29, 2026 to shareholders of record as at the close of business on September 14, 2026. This distribution is identical in amount per share and has the same payment date as the quarterly distribution announced today by Brookfield Corporation on the Brookfield class A shares. Combination of BN and BNT Shareholders approved our simplification transaction at our annual meeting on July 16, 2026. No action is required from BNT class A shareholders, who will automatically receive new Brookfield Corporation Ltd. shares upon completion of the transaction. Brookfield Corporation Operating Results An investment in class A shares of our company is intended to be, as nearly as practicable, functionally and economically, equivalent to an investment in the Brookfield class A shares. A summary of Brookfield Corporation’s second quarter operating results is provided below: Consolidated basis – includes amounts attributable to non-controlling interests. Excludes amounts attributable to non-controlling interests. See Reconciliation of Net Income to Distributable Earnings on page 6 and Non-IFRS and Performance Measures on page 9 of Brookfield Corporation’s press release dated August 13, 2026. Per share amounts have been adjusted to reflect Brookfield Corporation’s three-for-two stock split completed on October 9, 2025. Brookfield Corporation net income above is presented under IFRS. Given the economic equivalence, we expect that the market price of the class A shares of our company will be impacted significantly by the market price of the Brookfield class A shares and the business performance of Brookfield as a whole. In addition to carefully considering the disclosure made in this news release in its entirety, shareholders are strongly encouraged to carefully review Brookfield Corporation’s letter to shareholders, supplemental information and its other continuous disclosure filings. Investors, analysts and other interested parties can access Brookfield Corporation’s disclosure on its website under the Reports & Filings section at bn.brookfield.com. Consolidated Balance Sheets Consolidated Statements of Operations Class A shares receive distributions at the same amount per share as the cash dividends paid on each Brookfield class A share. Summarized Financial Results Reconciliation of Net Income (Loss) to Distributable Operating Earnings Non-GAAP measure – see Non-GAAP and Performance Measures on page 7. Additional Information The statements contained herein are based primarily on information that has been extracted from our financial statements for the quarter ended June 30, 2026, which have been prepared using generally accepted accounting principles in the United States of America (“US GAAP” or “GAAP”). Brookfield Wealth Solutions’ Board of Directors have reviewed and approved this document, including the summarized unaudited consolidated financial statements prior to its release. Information on our distributions can be found on our website under Stock & Distributions/Distribution History. Brookfield Wealth Solutions Ltd. (NYSE, TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Each class A exchangeable limited voting share of Brookfield Wealth Solutions is exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation (NYSE, TSX: BN). For more information, please visit our website at bnt.brookfield.com or contact: Non-GAAP and Performance Measures This news release and accompanying financial statements are based on US GAAP, unless otherwise noted. We make reference to Distributable operating earnings. We define distributable operating earnings as net income after applicable taxes excluding the impact of depreciation and amortization, deferred income taxes related to basis and other changes, and breakage and transaction costs, as well as certain investment and insurance reserve gains and losses, including gains and losses related to asset and liability matching strategies, non-operating adjustments related to changes in cash flow assumptions for future policy benefits, and change in market risk benefits, and is inclusive of returns on equity invested in certain variable interest entities and our share of adjusted earnings from our investments in certain associates. Distributable operating earnings is a measure of operating performance. We use distributable operating earnings to assess our operating results. We provide additional information on key terms and non-GAAP measures in our filings available at bnt.brookfield.com. Notice to Readers Brookfield Wealth Solutions Ltd. (“Brookfield Wealth Solutions” or “our” or “we”) is not making any offer or invitation of any kind by communication of this news release and under no circumstances is it to be construed as a prospectus or an advertisement. This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws, “forward-looking statements” within the meaning of Canadian provincial securities laws, “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, and “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, assumptions and expectations regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of Brookfield Wealth Solutions, Brookfield Corporation and their respective subsidiaries, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods. In particular, the forward-looking statements contained in this news release include statements referring to the growth of our business, international expansion, investment opportunities and expected future deployment of capital and financial earnings. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as “expects,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “foresees,” “forecasts” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable estimates, assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Wealth Solutions or Brookfield Corporation to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: (i) investment returns that are lower than target; (ii) the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; (iii) the behavior of financial markets, including fluctuations in interest and foreign exchange rates and heightened inflationary pressures; (iv) global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; (v) strategic actions including acquisitions and dispositions; and the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; (vi) changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); (vii) the ability to appropriately manage human capital; (viii) the effect of applying future accounting changes; (ix) business competition; (x) operational and reputational risks; (xi) technological change; (xii) changes in government regulation and legislation within the countries in which we operate; (xiii) governmental investigations and sanctions; (xiv) litigation; (xv) changes in tax laws; (xvi) ability to collect amounts owed; (xvii) catastrophic events, including but not limited to, earthquakes, hurricanes, epidemics and pandemics; (xviii) the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; (xix) the introduction, withdrawal, success and timing of business initiatives and strategies; (xx) the failure of effective disclosure controls and procedures and internal controls over financial reporting and other risks; (xxi) health, safety and environmental risks; (xxii) the maintenance of adequate insurance coverage; (xxiii) the existence of information barriers between certain businesses within our asset management operations; (xxiv) risks specific to our business segments; and (xxv) factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States. We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect our results. Readers are urged to consider the foregoing risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such forward-looking information. Except as required by law, Brookfield Wealth Solutions undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise. Past performance is not indicative of or a guarantee of future results. There can be no assurance that comparable results will be achieved in the future, that future investments will be similar to the historic investments discussed herein, that targeted returns, growth objectives, diversification or asset allocations will be met or that an investment strategy or investment objectives will be achieved (because of economic conditions, the availability of investment opportunities or otherwise). Certain of the information contained herein is based on or derived from information provided by independent third-party sources. While Brookfield Wealth Solutions believes that such information is accurate as of the date it was produced and that the sources from which such information has been obtained are reliable, Brookfield Wealth Solutions does not make any assurance, representation or warranty, express or implied, with respect to the accuracy, reasonableness or completeness of any of the information or the assumptions on which such information is based, contained herein, including but not limited to, information obtained from third parties, and undue reliance should not be put on them. No statements contained herein with respect to tax consequences are intended to be, or should be construed to be, legal or tax advice, and no representation is made with respect to tax consequences. Shareholders are urged to consult their legal and tax advisors with respect to their circumstances.

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Brookfield Asset Management stock has delivered an 84.2% gain over the past three years, yet current valuation checks suggest the shares are closer to fairly priced than clearly cheap, with the Excess Returns intrinsic value sitting near the market level. The 84.2% return over three years points to strong wealth creation for longer term holders. New buyers now face a very different entry point compared to a few years ago. Brookfield Asset Management's role in large scale AI infrastructure financing and new real estate funds can support long run fee growth. Execution risks on these large commitments may influence how much value investors are prepared to pay for today. On Simply Wall St's broader checks, Brookfield Asset Management screens as only 2 out of 6 for value, which leans more toward not being a clear bargain at the current price. The issue now is whether Brookfield Asset Management's recent business momentum is already fully reflected in the current valuation or still leaves some room for upside in the intrinsic value estimate. Find out why Brookfield Asset Management's -8.5% return over the last year is lagging behind its peers. The Excess Returns model evaluates how far Brookfield Asset Management’s expected returns on equity sit above its cost of equity and then capitalises that gap. For Brookfield Asset Management, the model uses a Book Value of CA$4.70 per share and a Stable EPS estimate of CA$2.46 per share, with those earnings sourced from weighted future Return on Equity estimates from 5 analysts. Against a Cost of Equity of CA$0.44 per share, this implies an Excess Return of CA$2.02 per share on an Average Return on Equity of 40.32%, which is high for a capital markets stock. Combining those excess returns with a Stable Book Value of CA$6.11 per share leads to an intrinsic value estimate of around CA$75.86. This sits almost exactly in line with the current share price and implies the stock screens about 0.1% overvalued. The recent Nvidia led AI infrastructure financing partnership helps explain why investors appear willing to pay close to full price for Brookfield Asset Management’s fee potential today. On this Excess Returns view, Brookfield Asset Management currently looks about fairly valued, with the share price sitting very close to the model’s intrinsic value estimate. Brookfield Asset Management is fairly valued according to our Excess Returns, but this can change at a moment's notice. Track the value in your watchlist or portfolio and be alerted on when to act. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Brookfield Asset Management. P/E is a useful way to look at Brookfield Asset Management because earnings based fees are central to how the business creates value for shareholders. Brookfield Asset Management currently trades on a P/E of about 31.0x, which is well above the Capital Markets industry average of 8.1x but below the peer group average of 36.2x. The fair P/E ratio implied by the model is 33.5x. That is modestly higher than where Brookfield Asset Management trades today, suggesting the market multiple sits reasonably close to what would be expected given its profile, including its large scale alternatives platform and fee streams. The gap between the current P/E and this fair ratio is not wide, so the multiple does not clearly point to either a bargain or an expensive stock on earnings alone. On the P/E evidence, Brookfield Asset Management stock looks roughly fairly valued at current levels. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Brookfield Asset Management pick up where this valuation puzzle leaves off and explain which assumptions on growth, margins and earnings would need to hold for the stock to be worth materially more or less than today’s price. Each narrative sits on Brookfield Asset Management's Community page and presents a fair value view as a thesis you can track over time, rather than a single point-in-time snapshot. One of the top community narratives on Brookfield Asset Management: 15% undervalued Read one of the top narratives on Brookfield Asset Management Do you think there's more to the story for Brookfield Asset Management? Head over to our Community to see what others are saying! Brookfield Asset Management now screens as roughly in line with the Excess Returns intrinsic value estimate, and the P/E-based view also points to a multiple that is about right relative to peers. Broader valuation checks are not especially strong, so the stock no longer looks like a clear bargain after its previous gains. From here, the key question is whether Brookfield Asset Management can keep converting its alternatives platform and AI infrastructure commitments into durable fee earnings that justify staying on this richer valuation footing. 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. Companies discussed in this article include BAM.TO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]