Brookfield Asset Management’s third-quarter adjusted EPS matched consensus. Fee-related and distributable earnings both rose 15% year over year.
Brookfield Asset Management Ltd. (TSX: BAM) reported adjusted earnings of US$0.47 per share for the third quarter of 2026, matching the US$0.47 estimate. Earnings were up from US$0.41 a year earlier, but the company did not beat expectations. Adjusted revenue came in at US$1.62 billion, slightly above the US$1.61 billion Zacks consensus cited in company coverage.
Recent earnings trend
Brookfield Asset Management Ltd
BAM.TO
BAM.TO
Brookfield Asset Management Ltd
WealthAwesomeMarket cap
$119.51B
P/E
18.3x
Div. yield
0.60%
Div. / share
$0.44
52W high
$77.24
52W low
$56.94
1W change
+10.89%
Beta
1.32
Analyst Price Targets
Based on analyst covering BAM · as of Nov 9, 2026
Wall Street analysts forecast BAM stock price to rise 1.9% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$76.23
+1.9% Upside
Previously C$75.35 on Nov 6, 2026
Current Price
C$74.82
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BAM's historical volatility
30-Day Vol
32.4%
Annualized
90-Day Vol
32.0%
Annualized
Trend (90d)
-2.1%
Annualized drift
90d Mean
C$74.26
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$74.63 | C$66.74 – C$83.46 |
| 60 trading days | C$74.44 | C$63.56 – C$87.20 |
| 90 trading days | C$74.26 | C$61.18 – C$90.13 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 14 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-03 | — | 0.4700 | — |
| 2026-09-30 | 2026-11-06 | 0.4700 | 0.4700 | +0.0% |
| 2026-06-30 | 2026-08-05 | 0.4400 | 0.4400 | +0.0% |
| 2026-03-31 | 2026-05-08 | 0.4300 | 0.4100 | +4.9% |
| 2025-12-31 | 2026-02-04 | 0.4700 | 0.4400 | +6.8% |
| 2025-09-30 | 2025-11-07 | 0.4100 | 0.4000 | +2.5% |
Brookfield reported US$864 million in fee-related earnings and US$763 million in distributable earnings, both up 15% from a year ago. For Canadian investors, the results show continued growth in the fee-generating business, though timing delays and uneven carried-interest income can make quarterly earnings less predictable.
Investor takeaway: EPS was in line with estimates, not a beat. The stronger signs were growth in fee-bearing capital, fee-related earnings and distributable earnings, supported by substantial fundraising. But management expects timing-related pressure on 2026 earnings, and carried-interest realizations remain uneven. To assess BAM.TO, look beyond quarterly EPS to its recurring fee business and fundraising pipeline.
US$763 million
Brookfield reported US$763 million in third-quarter distributable earnings, or US$0.47 per share. Both figures were up 15% year over year, and EPS matched the estimate. Fee-related earnings also rose 15%, to US$864 million.
Bull case
Fee-bearing capital reached US$682 billion, up 13% from a year earlier. Fee-related and distributable earnings each grew 15%. Brookfield raised US$123 billion in the first three quarters of 2026 and invested or committed about US$36 billion in the third quarter. It also had US$148 billion in uncalled fund commitments. Some of that capital does not yet earn fees, but deployment could add to revenue over time.
Bear case
Management expects 2026 earnings to come in slightly below its initial expectations, partly because fees from its flagship infrastructure fund will begin in January 2027, later than planned. Brookfield no longer expects a performance fee from Brookfield Business Partners in 2026, and carried-interest income can vary from quarter to quarter. The 54% fee-related earnings margin also reflects the effects of acquisitions and revenue presentation. Improving it will depend on growing the business.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
