Is Brookfield Asset Management Stock a Buy Now?
Brookfield Asset Management's (NYSE: BAM) fortunes are tied to Wall Street in many ways. And with the S 500 index (SNPINDEX: ^GSPC) near all-time highs, some investors may be worried about the Canadian asset manager's future. It's not unrealistic to be worried, but there's an important nuance here that could make this stock a buy right now for income as well as growth and income investors. Here's what you need to know.
At the core of Brookfield Asset Management's business is the fact that it manages money for other businesses and people. It generates income from the fees it charges for providing this service. There's nothing unique about being an asset manager on Wall Street, with plenty of large companies doing exactly the same thing.
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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 €.
