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Stocks A to Z / Stocks B / Brookfield Corporation (BN)
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Author: rnam   😊 😞
Number: of 551 
Subject: BN BAM divergence
Date: 02/20/26 2:38 PM
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BN up 15% over the last 12 months while BAM is down 15%. Usually they track each other fairly closely, as their economic drivers are very similar and BN own about 75% of BAM.

Any ideas why their fortunes are diverging?

Could the growth of the insurance business be a factor? Are investors rerating BAM at lower valuations as an insurance underwriter compared to asset managers?
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