Brookfield Asset Management's Growth Plan Supports Earnings Growth, RBC Says

11:13 AM EDT, 09/18/2026 (MT Newswires) -- Brookfield Asset Management's (BAM) plan to double fee-bearing capital to $1.3 trillion by 2031 supports its target for high-teens distributable earnings growth, RBC Capital Markets said in a Friday note. Brookfield Asset Management expects fee-bearing capital to grow 14% annually through 2031, with credit, infrastructure and private equity among the largest contributors, the firm said. RBC said the company's five year targets model 16% growth in fee-related earnings and 18% growth in distributable earnings. The firm said four areas could drive potential upside to above 20%, including the 401(k) opportunity, new complementary funds, Partner Managers and further M&A. RBC maintained its outperform rating on Brookfield Asset Management and a $65 price target. Price: 45.82, Change: +0.40, Percent Change: +0.88