Capital GenerationBN is viewed as a capital compounder that is on the cusp of seeing a significant step-up in excess capital generation, resulting in faster book value growth, higher ROE and a greater return of capital opportunities.
Stock PerformanceBN remains one of the best-performing alternative asset manager stocks year to date calendar 2025 with the discount to NAV narrowing meaningfully.
Value DriversKey drivers of value are trending favorably with the asset management and wealth solutions platforms gaining further scale providing earnings growth momentum throughout the year.