12:16 PM EDT, 05/15/2026 (MT Newswires) -- Brookfield (BN) is "well positioned"to benefit from long-term investment trends, future buybacks, growth in Brookfield Wealth, and a planned move to US GAAP in Q1 2027, RBC Capital Markets said in a note Friday.

The US GAAP switch should be a key positive catalyst because it will make Brookfield easier to compare with US alternative asset managers and improve transparency, RBC said.

Brookfield's Q1 distributable earnings of $0.66 per share were above its $0.59 estimate and the $0.60 consensus, helped by stronger Brookfield Asset Management (BAM) earnings and faster buybacks, RBC said.

RBC lowered its carried interest estimates to about $1.2 billion for this year and about $2.1 billion for 2027 after carried interest came in below its forecast, while adding that it expects buybacks to slow after stronger Q1 activity, but it still models $0.7 billion of buybacks in H2 and $1.2 billion in 2027.

RBC kept its outperform rating and lowered its price target for Brookfield to $61 from $63, mainly due to lower Brookfield Asset Management and Brookfield Business (BBUC) price targets, partly offset by higher expected buybacks and better returns on other investments.

Price: 45.72, Change: -1.82, Percent Change: -3.82