Is Brookfield Asset Management Stock a Buy Now?
Brookfield Asset Management (NYSE: BAM), as its name very clearly indicates, is an asset manager. It has a market capitalization of $88 billion, which is fairly sizable. But it still pales in comparison to better-known peers like and Blackstone, which have market caps of $150 billion and $165 billion, respectively.
The size gap here, however, is actually an opportunity. Here's why now could be a good time to buy shares of Brookfield Asset Management.
As an asset manager, Brookfield takes money from other people and businesses and invests it for them. For providing this service, Brookfield charges a fee. The fee is normally a percentage of the assets that the company has under management. This is all normal for the asset management space.
Source Fool.com
Brookfield Corp. Stock
Our community is currently high on Brookfield Corp. with 25 Buy predictions and 13 Sell predictions.
However, we have a potential of -1.08% for Brookfield Corp. as the target price of 55 € is below the current price of 55.6 €.
