Brookfield Corp. Profit Climbs as Wealth Unit Boosts Results

Bloomberg11-14 20:09

(Bloomberg) -- Brookfield Corp.’s earnings climbed in the second quarter, boosted by strong results from its wealth solutions business. The Toronto-based investment firm, which owns a majority stake ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483745158?lang=en_US&edition=fundamental","thumbnail":"https://www.bnnbloomberg.ca/resizer/v2/YRSLMTEBBUX3MCOTGZRTJOFICI.jpg?smart=true&auth=24a539c94ecbc2f0079ded083bf5156a3007ce72dcfc103802689e33da982718&width=500&height=333","is_english":true,"pubTime":"2024-11-14 20:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483745158","market":"nz","top_or_hot":-1,"title":"Brookfield Corp. Profit Climbs as Wealth Unit Boosts Results","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Brookfield Corp.’s earnings climbed in the second quarter, boosted by strong results from its wealth solutions business. The Toronto-based investment firm, which owns a majority stake ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/business/2024/11/14/brookfield-corp-profit-climbs-as-wealth-unit-boosts-results/\">Source Link</a>\n\n</div>\n","source":"bnn_bloomberg_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Brookfield Corp. Profit Climbs as Wealth Unit Boosts Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBrookfield Corp. Profit Climbs as Wealth Unit Boosts Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 20:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/business/2024/11/14/brookfield-corp-profit-climbs-as-wealth-unit-boosts-results/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Brookfield Corp.’s earnings climbed in the second quarter, boosted by strong results from its wealth solutions business. The Toronto-based investment firm, which owns a majority stake ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/business/2024/11/14/brookfield-corp-profit-climbs-as-wealth-unit-boosts-results/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.bnnbloomberg.ca/business/2024/11/14/brookfield-corp-profit-climbs-as-wealth-unit-boosts-results/","article_id":"2483745158","we_media_id":null,"thumbnails":["https://www.bnnbloomberg.ca/resizer/v2/YRSLMTEBBUX3MCOTGZRTJOFICI.jpg?smart=true&auth=24a539c94ecbc2f0079ded083bf5156a3007ce72dcfc103802689e33da982718&width=500&height=333"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483745158","pubTimestamp":1731586165,"sourceInfo":{"source_id":"bnn_bloomberg_highlight","name":"Bloomberg"},"weMediaInfo":null,"summary":"Brookfield Corp.’s earnings climbed in the second quarter, boosted by strong results from its wealth solutions business.","collect":0,"end_time":0,"defaultTopTitle":"bnnbloomberg.ca","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BN":"Brookfield","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4588":"碎股","BK4135":"资产管理与托管银行","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC"},"translate_title":"布鲁克菲尔德公司利润攀升，财富部门提振业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BN":1},"content_text":"(Bloomberg) -- Brookfield Corp.’s earnings climbed in the second quarter, boosted by strong results from its wealth solutions business. The Toronto-based investment firm, which owns a majority stake in Brookfield Asset Management, reported distributable earnings of $1.26 billion, or 80 cents a share, excluding gains on asset sales. That rose 19% over the same period a year ago. The increase came as profits from Brookfield’s wealth division doubled during the quarter. On Thursday, a subsidiary of the wealth unit agreed to reinsure $1.4 billion of UK pension liabilities, marking the firm’s first transaction outside of North America. “We continue to capture an increasing share of global flows of capital, centered around our deep relationships with institutional, private wealth and retail investors,” Chief Executive Officer Bruce Flatt said in a letter to shareholders. In late 2022, Brookfield Corp. reorganized, spinning off the asset management unit to appeal to investors who wanted a play on the company’s growth without being as exposed to its direct holdings, which include one of the world’s largest portfolios of office real estate. Last month Brookfield Asset Management moved its head office to New York from Toronto to gain access to more US stock indexes and attract more investors. Mark Carney, chair of Brookfield Asset Management, is also chair of Bloomberg Inc.©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483745158"}