Bank of America cuts target for Brookfield Asset Management stock from USD 61 to USD 60

Published on 10/20/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of America cut its target from USD 61 to USD 60 on October 5, 2026. Brookfield Asset Management stock costs EUR 40.41 on October 20, 2026.

Brookfield sets the next milestones

Bank of America cut its target from USD 61 to USD 60 on October 5, 2026.
Second-quarter revenue reached USD 1.75 billion in the period ended June 30, 2026.
Brookfield Asset Management stock traded at EUR 40.41 at 10:33 a.m. CEST at Lang & Schwarz on October 20, 2026.
Third-quarter results are scheduled for November 6, 2026.

BAM, CA1130041058, Illustration mit AI erstellt.

Brookfield Asset Management (ISIN CA1130041058) is heading toward its next results date after Bank of America cut its price target from USD 61 to USD 60 on October 5, 2026, according to MarketBeat. The company also closed a USD 2.00 billion Oaktree asset-backed finance fund on October 1, 2026, its largest recent fund-related figure, according to Brookfield Asset Management.

Targets point to a cautious reset

The USD 1.00 billion target reduction leaves the latest published Bank of America objective below the USD 69.00 target cited for National Bank Financial in the same October coverage. MarketBeat also reported a USD 54.00 target from Morgan Stanley and a USD 59.00 target from Scotiabank, showing a wide range of views around the asset manager's valuation.

Brookfield's second-quarter 2026 revenue was USD 1.75 billion for the period ended June 30, 2026, up 60.80 percent from the prior-year quarter. Net income was USD 1.17 billion and diluted earnings per share were USD 0.56 for the same period, according to the quarterly statement data compiled by Business Quant.

What comes next for earnings?

Brookfield announced on October 13, 2026 that it will release third-quarter results before 7:00 a.m. ET on November 6, 2026, followed by a conference call at 10:00 a.m. ET, according to Brookfield Asset Management. That date is the next substantiated reporting event for the stock.

Three dated signals shape the story

On October 1, 2026, Oaktree closed its USD 2.00 billion asset-backed finance fund. On October 5, 2026, Bank of America cut its target from USD 61 to USD 60. On October 13, 2026, Brookfield set November 6, 2026 for its third-quarter results.

Price remains the daily marker

Brookfield Asset Management's NYSE quote stood at USD 45.21 after hours on October 19, 2026, while its market capitalization was USD 72.2 billion and its 52-week range was USD 42.20 to USD 56.37. The euro quote gives German investors a separate trading reference.

Brookfield Asset Management was trading at EUR 40.41 at Lang & Schwarz on October 20, 2026 at 10:33 a.m. CEST. The next material test is the November 6, 2026 earnings release and the fee-related earnings it reports.

The further course of trading is shown by the continuously updated real-time quote of Brookfield Asset Management stock.