Shares of Brookfield Corporation (BN) declined approximately 1.9% to $46.81 during late morning trading on Wednesday, February 11, 2026. The stock opened the session at $48.02 before retreating to an intraday low of $46.50. This downward movement occurred ahead of the company's scheduled release of its fourth-quarter 2025 financial results on Thursday morning.
Market Context: Jobs Data Shifts Rate Expectations
The broader sell-off in alternative asset managers was triggered by the release of a stronger-than-anticipated U.S. jobs report for January. This robust economic data led traders to reassess the timeline for potential interest rate cuts by the Federal Reserve. According to data from LSEG, market expectations have shifted, with the consensus now pointing to a first rate cut in July rather than June. Jordan Rizzuto, Chief Investment Officer at GammaRoad Capital Partners, noted, "The underlying employment picture looks like it’s stronger than what’s expected." This recalibration of monetary policy expectations weighed heavily on the sector.
Consequently, U.S. equity markets reversed earlier gains and turned negative by late morning, as an initial positive reaction to the jobs data faded. Treasury yields, which had spiked at the market open, also retreated from their highs, as observed in live market coverage.
Sector-Wide Pressure
Brookfield's stock performance mirrored declines across the publicly traded private-capital landscape. Peer companies also experienced significant pressure. Apollo Global Management (APO) saw its shares fall 3.5%, while The Carlyle Group (CG) gave up roughly 4.9%. Blackstone (BX) declined 1.7% over the same period. Shares of Brookfield Asset Management (BAM), the group's publicly traded asset management arm, slipped 2.8% on the day.
The company is set to report its Q4 2025 earnings before the market opens on Thursday, around 7:00 a.m. Eastern Time. A conference call and webcast for investors and analysts will follow at 10:00 a.m. ET. Brookfield describes itself as a global alternative asset manager and investor, with core business segments encompassing asset management, wealth solutions, and a diverse portfolio of operating businesses. These operating segments include renewable power, infrastructure, business and industrial services, and real estate.
Investor Focus and Macroeconomic Headwinds
Investor attention remains fixed on Brookfield's fee-related earnings—the steady income stream generated from its capital management activities—as well as the pace of its capital deployment. Updates on its substantial real estate and other long-duration asset portfolios are also closely watched, as valuations in these areas can be sensitive to changes in discount rates influenced by the interest rate environment.
The current macroeconomic narrative presents a dual-edged sword. While strong economic data suggests healthy underlying cash flow generation for portfolio companies, the interpretation of "higher for longer" interest rates poses a significant challenge. Persistently elevated financing costs could dampen deal-making activity and investment enthusiasm across the sector. Kansas City Fed President Jeffrey Schmid underscored this cautious stance on Wednesday, warning that it is premature to rely on productivity gains to curb "still-elevated inflation" and highlighting the risks of cutting rates too quickly.
Following Brookfield's earnings report, market participants will immediately turn their focus to the upcoming U.S. Consumer Price Index (CPI) data scheduled for release on Friday. This key inflation metric will be scrutinized for further clues regarding the Federal Reserve's future policy path, which will continue to be a primary driver for asset manager valuations in the near term.
