Is Brookfield Asset Management Stock a Buy Now?
Brookfield Asset Management (NYSE: BAM) has risen along with the market over the past year, with its stock and the S 500 index (SNPINDEX: ^GSPC) both up roughly 15%. Over the past three months, however, investor enthusiasm around the Canadian asset manager has cooled, with the stock down a touch while the market has gained nearly 7%. What should investors make of the stock now?
As Brookfield Asset Management's name makes clear, it is an asset manager. That means it gets paid to invest on behalf of its customers. Essentially, it collects a fee based on the assets in its care. The normal figure to watch for an asset manager is assets under management, but Brookfield's business is a bit more complex.
Image source: Getty Images.
Source Fool.com
Brookfield Corp. Aktie
38,50 €
-0,26 %
Die Brookfield Corp. Aktie ist leicht im Trend: Mehr Buy- als Sell-Einschätzungen.
Das durchschnittliche Community-Kursziel von 60 € für Brookfield Corp. impliziert eine Steigerung von über 50% gegenüber 38.5 €.
