Analyst Consensus ?
ConsensusBuy9 ratings
Bullish888.9%
Neutral111.1%
Bearish00.0%
Brookfield Corporation · BN · FY2024 Q2 · Calendar Q3 2024
Brookfield scales AI-linked infrastructure while expanding Wealth Solutions
Brookfield's quarter supports a constructive operating thesis: earnings growth, fundraising, deployable capital, and demand for renewable power and data centers provide multiple growth avenues. The thesis remains dependent on execution, asset monetization, financing conditions, and insurance-spread performance.
Reported Before market openNYSEFinancial Services
$81.75B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.35
Consensus $0.77
EPS surprise
+76.2%
Reported versus consensus
Reported revenue
$23.29B
Consensus $1.25B
Revenue surprise
+1763.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+3.6%
Event window
SPY move
+2.3%
Same window
Abnormal move
+1.3%
Stock minus SPY
Volume
0.5×
Versus trailing sessions
Subsequent drift
+3.8%
Up to 20 sessions
BNSPY benchmark
Ask FN2 about BN FY2024 Q2
Transcript, numbers and history already loaded
Why did BN rise 3.6% after beating EPS estimates in FY2024 Q2?What changed in BN's guidance and outlook in FY2024 Q2?Give me the bull and bear case for BN after FY2024 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The supplied analysis points to stronger scale and broader growth capacity versus the prior quarter: AUM reached $1 trillion, Wealth Solutions assets exceeded $110 billion, and management emphasized AI-related demand for renewable power and data centers. The company also highlighted the Neoen acquisition and $800 million of share repurchases.
Guidance delta
Maintained; the supplied analysis indicates no change in guidance sentiment from the prior quarter.
Key takeaways
- Distributable earnings before realizations rose 11% year over year to $1.1 billion; total distributable earnings rose 80%.
- AUM reached $1 trillion, with fee-bearing capital up 17% year over year.
- Management is scaling renewable power and data-center assets to address AI-related electricity demand.
- Wealth Solutions assets doubled to more than $110 billion, with a goal of lifting insurance spread earnings toward 2%.
- The company cited $150 billion of deployable capital and continued share repurchases.
Management priorities
- Scale renewable power and data-center assets for AI-related power demand.
- Increase Wealth Solutions assets and improve insurance spread earnings toward 2%.
- Continue share repurchases when valuations are favorable.
- Pursue additional acquisitions and expand credit SMA capabilities.
- Advance real-estate and transmission-and-distribution asset monetizations as conditions allow.
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Beat
Miss
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Analyst 52W Price Targets
$36.62Current
$27.33Low
$49.74Average
$61High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Aug 14, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 21, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | May 15, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | May 12, 2026 |
| TD Securities | Buy | Buy | Maintain | Nov 14, 2025 |
| CIBC | Outperform | Outperform | Maintain | Nov 14, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Nov 15, 2024 |
| Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintain | Aug 9, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 31, 2023 |
Named analyst price targets
Upside is calculated against the persisted current price $36.62. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Mario Saric | $54 | $43.68 | +47.5% | Aug 14, 2026 |
| Morgan Stanley | Analyst unavailable | $59 | $42.41 | +61.1% | Jul 21, 2026 |
| TD Securities | Cherilyn Radbourne | $60 | $45.06 | +63.8% | May 19, 2026 |
| Scotiabank | Analyst unavailable | $53 | $45.76 | +44.7% | May 15, 2026 |
| RBC Capital | Analyst unavailable | $61 | $45.6 | +66.6% | May 15, 2026 |
| Morgan Stanley | Michael Cyprys | $61 | $47.44 | +66.6% | Apr 21, 2026 |
| Morgan Stanley | Michael Cyprys | $60 | $47.39 | +63.8% | Feb 17, 2026 |
| Scotiabank | Analyst unavailable | $52 | $47.91 | +42.0% | Feb 13, 2026 |
| Morgan Stanley | Analyst unavailable | $58 | $46.98 | +58.4% | Jan 27, 2026 |
| BMO Capital | Sohrab Movahedi | $49 | $44.99 | +33.8% | Dec 17, 2025 |
| RBC Capital | Analyst unavailable | $58 | $45.66 | +58.4% | Dec 15, 2025 |
| CIBC | Analyst unavailable | $52 | $43.6 | +42.0% | Nov 14, 2025 |
| Morgan Stanley | Analyst unavailable | $54 | $44.2 | +47.5% | Oct 13, 2025 |
| Goldman Sachs | Alexander Blostein | $52 | $43.81 | +42.0% | Sep 2, 2025 |
| TD Securities | Analyst unavailable | $54.67 | $44.79 | +49.3% | Aug 5, 2025 |
| Scotiabank | Analyst unavailable | $50 | $44.98 | +36.5% | Jul 30, 2025 |
| BMO Capital | Sohrab Movahedi | $41.33 | $37.88 | +12.9% | Nov 15, 2024 |
| CIBC | Dean Wilkinson | $38 | $29.8 | +3.8% | Aug 9, 2024 |
| Scotiabank | Mario Saric | $34.17 | $29.63 | -6.7% | Aug 9, 2024 |
| RBC Capital | Geoffrey Kwan | $37.33 | $29.63 | +1.9% | Aug 9, 2024 |
| BMO Capital | Sohrab Movahedi | $30.67 | $29.34 | -16.3% | May 10, 2024 |
| Credit Suisse | Analyst unavailable | $27.33 | $25.13 | -25.4% | Feb 6, 2023 |
| TD Securities | Cherilyn Radbourne | $48 | $33.25 | +31.1% | Sep 9, 2022 |
| Deutsche Bank | Brian Bedell | $38 | $31.39 | +3.8% | May 21, 2022 |
| Deutsche Bank | Brian Bedell | $40 | $30.29 | +9.2% | May 13, 2022 |
| Credit Suisse | Analyst unavailable | $47.67 | $33.16 | +30.2% | Apr 27, 2022 |
| Scotiabank | Mario Saric | $42 | $37.51 | +14.7% | Aug 16, 2021 |
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Start freeCompany context
Snapshot as of publicationBrookfield Corporation operates as a leading alternative asset and real estate investment management firm. It specializes in real estate, renewable power, infrastructure, venture capital, and private equity, providing a diverse range of public and private investment products and services to institutional and individual clients alike. The firm's investment approach centers on acquiring substantial, high-quality assets worldwide, utilizing both its proprietary capital and funds contributed by other investors. Within its private equity and venture capital divisions, Brookfield engages in a broad spectrum of activities, including growth equity, early-stage investments, control and distressed buyouts, corporate spin-offs, recapitalizations, and various forms of debt financing (convertible, senior, and mezzanine). It also focuses on operational and capital structure restructuring, strategic turnarounds, and revitalizing underperforming mid-market companies.…
Historical context
All BN earningsFinancial Services peers this season
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| RF-PE Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.3% | — | Regions Financial: Fee Growth and Credit Quality Support Q3 |
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| TFC-PI Truist Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | -50.9% | — | Truist sharpens focus as Q3 EPS rises 12% |
| TRV The Travelers Companies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +24.2% | +1.5% | Travelers posts strong Q3, with investment income above $900 million |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-18T01:20:40.957623+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-18T01:20:40.954834+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-18. For educational purposes only; not investment advice.