AllianceBernstein's return to organic growth with $800 million in net inflows and record $905.5 billion in AUM overshadows a narrow EPS miss, as the wealth manager notched its strongest gross sales quarter in five years at $44.8 billion. The 29% revenue beat signals momentum reversing four straight quarters of outflows, with fixed income mandates and alternatives driving gains.
AllianceBernstein :
AB
AB
Stock Data
$37.11
$0.02 (0.05%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
ASSET MANAGEMENT
AllianceBernstein Holding L.P., based in Nashville, Tennessee, is a global investment management firm founded in 1967. It offers a wide range of investment services, including managing portfolios of stocks, bonds, and other securities for its clients. The firm uses a mix of quantitative analysis and various investment strategies, such as long and short-term purchases, trading, and options strategies. AllianceBernstein is known for combining in-house research with external insights to guide its investment decisions, catering to individual and institutional investors worldwide.
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