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Brookfield Asset Management (TSE:BAM) received a "buy" rating from UBS Group, while Wells Fargo downgraded it to "strong sell." The stock rose 2.4% to C$83.67, with a market cap of C$35.05 billion and a P/E ratio of 55.77. Insider transactions included significant sales by directors, with insiders owning 14.10% of the company.
Quent Capital LLC increased its stake in Brookfield Asset Management, now holding 1,135 shares valued at $54,000. Analysts have mixed ratings on the stock, with a consensus "Hold" and a price target of $53.88, while institutional investors own 68.41% of the company. Brookfield reported a quarterly EPS of $0.38, exceeding estimates, with a market cap of $24.64 billion.
Quent Capital LLC increased its stake in Brookfield Asset Management, now holding 1,135 shares valued at $54,000. The company, specializing in alternative asset management, has a "Hold" rating from analysts, with a consensus price target of $53.88. Recent earnings showed a slight EPS increase to $0.38, surpassing estimates, while revenue fell short at $1.12 billion.
Ethereum has seen a remarkable $1 billion in inflows over the past week, extending its streak to seven weeks and totaling $3.7 billion. Overall, digital asset investment products experienced $3.2 billion in inflows last week, marking the 10th consecutive week of positive momentum, with total inflows for the year reaching $44.5 billion.XRP also gained traction with $145 million in inflows, driven by optimism for a US-listed ETF and the upcoming launch of Ripple's stablecoin. The US led regional inflows with $3.14 billion, while multi-asset products faced $31 million in outflows.
Crypto investment products experienced a remarkable $3.23 billion in inflows last week, marking the 10th consecutive week of positive growth, with Bitcoin leading at $2 billion. Ethereum and XRP also saw significant interest, attracting $1.09 billion and $145 million, respectively, amid anticipation for U.S.-listed ETFs. The total year-to-date inflows have reached $44.5 billion, with the U.S. contributing $3.13 billion, primarily into Bitcoin-linked ETFs.
Chrystia Freeland has resigned as Canada’s finance minister, citing policy disagreements with Prime Minister Justin Trudeau, particularly regarding potential tariffs from U.S. President-elect Donald Trump. Freeland, who has served as deputy prime minister since 2019, will take on another cabinet role. She emphasized the need to address the tariff threat seriously, avoiding political gimmicks that could undermine public confidence.
The Bank of Montreal is a North American financial institution serving approximately 13 million customers through its three main operating groups: Personal and Commercial Banking, BMO Wealth Management, and BMO Capital Markets. It offers a comprehensive range of banking, wealth management, and investment services to individuals, families, entrepreneurs, and institutions across various markets.
The Canadian Imperial Bank of Commerce, a major financial institution in Canada, serves over 14 million clients, including individuals, businesses, and institutional customers globally. It operates through four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets and Direct Financial Services. These units provide a range of financial services, from personal banking to wealth management for both private and institutional clients.
Brookfield Asset Management Ltd. specializes in alternative asset management, offering services through its interest in Brookfield Asset Management Inc. and its subsidiaries. The company categorizes its products into long-term private funds, perpetual strategies, and liquid strategies, managing assets across real estate, infrastructure, renewable energy, private equity, and credit. Its diverse clientele includes public and private pension plans, endowments, sovereign wealth funds, financial institutions, and private wealth investors.
A man, Nuruhussein Hussein, was arrested for allegedly stealing $300,000 in cryptocurrency from two passengers in Scottsdale, Arizona, by impersonating an Uber driver. He gained their trust, borrowed a phone, and transferred funds from their Coinbase accounts before threatening one victim when suspicion arose. Hussein faces charges of theft, fraud, and money laundering, with a secured bond set at $200,000, and is barred from internet access and overseas travel as the investigation continues.
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