JP Morgan maintains Brookfield at Overweight, raises price target to $65 from $56

Brookfield Asset Management raised $25B in Q3, bringing 2026 fundraising to $123B. Revenue rose 72% to $2.1B, net income reached $3B, and fee-related earnings grew 15% to $864M. The firm acquired the remaining 26% of Oaktree for $3B. CEO Connor Teskey emphasized a conservative approach to AI infrastructure, despite market selloffs.

National Grid awarded BAM the contract for the Walpole scheme in Norfolk, part of the EGL3 power superhighway. BAM is also involved in the northern converter station near Peterhead. The total cost for both converters was estimated at £1.2bn. Hitachi Energy is providing converter technology, with a combined deal value of nearly £3bn. The 2GW link will support around two million homes. Construction is set to begin in 2028, with completion expected in 2033.

Scotiabank raised its price target on Brookfield Asset Management (BAM) to $60.50, citing 14% fee-related earnings growth and a strong 2027 outlook. BAM's Q3 earnings showed 15% growth in key metrics but missed EPS estimates. Scotiabank forecasts 15-16% annual growth in earnings through 2028, suggesting a higher valuation multiple.

Brookfield Asset Management Ltd. (BAM) filed an SEC Form 8-K — Other Events. EXHIBIT 99.1 Brookfield Asset Management Announces Strong Third Quarter Results Fundraised $25 Billion in the Third Quarter; $123 Billion Year-to-Date Quarterly Fee-Related Earnings of $864 Million, Up 15% Year-Over-Year Quarterly Distributable Earnings of $763 Million, Up 15% Ye

Brookfield Asset Management (BAM) raised $25 billion in Q3 2026, bringing year-to-date fundraising to $123 billion. The company reported Q3 fee-related earnings of $864 million, up from $754 million in Q3 2025. Distributable earnings were $763 million, also up from $661 million. Net income surged to $2.999 billion. The company highlighted strong fundraising across infrastructure, energy, private equity, real estate, and credit sectors.

Cameco (CCJ) owns 49% of Westinghouse, a nuclear power service provider. The U.S. Nuclear Regulatory Commission extended the license for Westinghouse's AP1000 reactor through 2066, following successful operation at Southern Company's (SO) Vogtle plants. The Nuclear Company plans to use up to six AP1000 reactors in Kentucky, potentially boosting Westinghouse's growth and Cameco's stake.