03:06 PM EDT, 05/07/2025 (MT Newswires) -- Brookfield Asset Management's ( BAM ) Q1 fundraising demonstrated the execution of the base business, RBC Capital Markets said in a note emailed Wednesday.

"Current uncertain and volatile market plays to [Brookfield's] strengths," the firm said.

Brookfield on Tuesday reported Q1 distributable earnings of $0.40 per diluted share, while three analysts polled by FactSet expected $0.42.

Revenue for the quarter ended March 31 was $1.08 billion, compared to the FactSet consensus of $1.32 billion based on three analysts.

RBC Capital said the company's Q1 results were largely in line with its forecasts.

According to RBC Capital, the company is "well-positioned" to capitalize on market dislocations with almost $120 billion in uncalled capital.

"[Brookfield] has a track record of successfully deploying capital in uncertain environments with current investment opportunities that appear to be consistent with the long-established Brookfield "playbook"," RBC Capital said.

RBC Capital added that Brookfield has done "some of its best work" during times of heightened market uncertainty.

The firm has an outperform rating on the stock with a $68 price target.

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