No. of Recommendations: 3
'However the market capitalization of the BN plus the new BAM as fallen, compared to the old BAM.
I must be doing something wrong. It looks to me like the combined market cap of BN and BAM went up compared to the market cap of the old BAM. On 12/9/22 the closing price of the old BAM, now BN, was $34.88/share, with 1.64B shares outstanding, for a market cap of $57.2B. At the open on 12/12/22 the price of BN was $36.15/share, with 1.64 B shares outstanding, for a market cap of $59.3B, and the price of the new BAM was $32.14, for a reported market cap of $38.4B. Even today, with the prices of BN and BAM down from the 12/12/22 open, the reported market caps of BN and BAM, per Yahoo, are $52.2B and and $45.5B respectively.
