The U.S. stock market continues its upward climb, with the S&P 500 recently reaching a fresh high. Inflation is steadily easing, interest rates are being cut and economic growth remains robust. The labor market shows resilience, and corporate earnings estimates are on the rise. Additionally, a dip in crude oil prices has helped fuel greater investment in equities.The Federal Reserve’s goal of achieving a soft landing seems to be materializing, and the market is reflecting that optimism.Of course, caution is ...

Shares of AllianceBernstein (AB) have been strong performers lately, with the stock up 2.9% over the past month. The stock hit a new 52-week high of $35.83 in the previous session. AllianceBernstein has gained 13.4% since the start of the year compared to the 17.6% move for the Zacks Finance sector and the 26% return for the Zacks Financial - Investment Management industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consens ...

Core Points - AllianceBernstein L.P. and AllianceBernstein Holding L.P. will release their Third Quarter 2024 financial and operating results on October 24, 2024, before market opening [1] - A teleconference will be held at 9:00 am (CT) to discuss the results, hosted by key executives including Seth Bernstein, Jackie Marks, Onur Erzan, and Matthew Bass [1] - The presentation for the conference call will be available on the Investor Relations website shortly after the results are released [2] - A replay of the webcast will be accessible approximately one hour after the conference call concludes on the same day [2] Company Overview - AllianceBernstein is a prominent global investment management firm providing diversified investment services to institutional investors, individuals, and private wealth clients [3] - As of September 30, 2024, AllianceBernstein Holding owned approximately 39.3% of AllianceBernstein, while Equitable Holdings, Inc. owned about 61.6% economic interest in the firm [3]

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NASHVILLE, Tenn., Sept. 17, 2024 /PRNewswire/ -- AllianceBernstein L.P. ("AB") (NYSE: AB), a leading global investment management firm, today announced the launch of the AB CarVal Credit Opportunities Fund (ABAYX), an unlisted, closed-end interval fund.The Credit Opportunities Fund seeks to outperform high-yield bonds over time with less volatility and lower correlation to public markets. AB CarVal Principal John Withrow and AB CarVal Managing Director Roger Newkirk will oversee day to day investment decisi ...

Core Viewpoint - AllianceBernstein has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade reflects optimism about AllianceBernstein's earnings potential, which could lead to increased buying pressure and a rise in stock price [2]. - The company is projected to earn $2.97 per share for the fiscal year ending December 2024, representing a year-over-year increase of 10.4% [5]. Earnings Estimate Revisions - Analysts have been consistently raising their earnings estimates for AllianceBernstein, with the Zacks Consensus Estimate increasing by 0.5% over the past three months [5]. - The correlation between earnings estimate revisions and stock price movements is strong, as institutional investors often adjust their valuations based on these estimates [3][4]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [6][7]. - AllianceBernstein's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [7].

Group 1 - AllianceBernstein Holding L.P. (AB) reported preliminary assets under management (AUM) of $791 billion for August 2024, reflecting a 1.8% increase from July 2024 [1] - The increase in AUM was primarily driven by market appreciation, although it was partially offset by net outflows in the Institutions channel [1] - Equity AUM rose 1.5% to $336 billion, Alternatives/Multi-Asset Solutions AUM increased 1.2% to $163 billion, and Fixed Income AUM grew 2.5% to $292 billion [1] Group 2 - Institutions AUM increased roughly 1% to $329 billion, Retail AUM rose 2.8% to $328 billion, and Private Wealth AUM increased 1.5% to $134 billion [1] - AllianceBernstein's global reach and solid AUM balance are expected to enhance top-line growth, despite rising operating costs and a challenging operating environment [2] - In the past six months, AB's shares gained 3.2%, while the industry saw an 8.4% increase [2] Group 3 - Invesco announced a preliminary AUM of $1.75 trillion for August 2024, representing a 1.1% increase from the previous month, driven by solid market returns and favorable foreign exchange impacts [5] - Lazard, Inc. reported a preliminary AUM of $244.3 billion for August 2024, reflecting a decrease from $246.1 billion in July 2024, primarily due to net outflows of $7.5 billion [5]

NASHVILLE, Tenn., Sept. 12, 2024 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $791 billion during August 2024 from $777 billion at the end of July. The 2% increase was driven by market appreciation, partially offset by net outflows. By channel, Institutional net outflows outweighed Retail net inflows, while Private Wealth net flows were flattish.   AllianceBernstein L.P. (The O ...

JHVEPhoto Introduction AllianceBernstein (NYSE:AB) has underperformed the iShares U.S. Financials ETF (IYF) so far in 2024, delivering a circa 13% total return against the almost 20% gain for the benchmark ETF: AB vs IYF in 2024 (Seeking Alpha) This has resulted in the company trading at an adjusted P/E multiple discount relative to the broader US financials sector, as well as recent M&A transactions. Also taking into account the firm's robust operating results in terms of AUM growth and benchmark outperfor ...