AllianceBernstein (AB) Tops Q3 EPS by 1c, Revenues Beat
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AllianceBernstein Holding L.P. Announces Third Quarter Results
October 22, 2020 6:20 AM EDTNEW YORK, Oct. 22, 2020 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today reported financial and operating results for the quarter ended September 30, 2020.
"The firm delivered strong financial results in an improving, though still uncertain economic and market environment," said Seth P. Bernstein, President and CEO of AllianceBernstein. "Earnings and cash distributions to Unitholders grew year-over-year and sequentially, and we generated net inflows in all three client channels. Active net inflows of $7.3 billion represented a 5% annualized organic growth rate, excluding low-fee AXA redemptions of $2.2... More
