BAM Stock Summary and Trading Ideas (Brookfield Asset Mgmt | NYSE:BAM)

Brookfield Asset Management Ltd engages in providing alternative asset management services through an ownership interest in a alternative asset management business. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.

Brookfield Asset Mgmt trades on the NYSE stock market under the symbol BAM.

As of April 18, 2024, BAM stock price declined to $38.42 with 1,851,884 million shares trading.

BAM has a beta of 1.77, meaning it tends to be more sensitive to market movements. BAM has a correlation of 0.58 to the broad based SPY ETF.

BAM has a market cap of $15.00 billion. This is considered a Large Cap stock.

Last quarter Brookfield Asset Mgmt reported $1 billion in Revenue and $.23 earnings per share. This beat revenue expectation by $30 million and missed earnings estimates by -$.11.

In the last 3 years, BAM stock traded as high as $62.47 and as low as $26.76.

The top ETF exchange traded funds that BAM belongs to (by Net Assets): TGLR, QINT, DFSI.

BAM has underperformed the market in the last year with a price return of +20.7% while the SPY ETF gained +22.2%. BAM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.4% and -6.2%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

BAM support price is $38.39 and resistance is $39.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BAM stock will trade within this expected range on the day.