Equitable Holdings Rises 4.7% Since Q3 Beat on Strong Asset Management

Equitable Holdings, Inc. (EQH) shares have gained 4.7% since it reported third-quarter 2024 results on Nov. 4, 2024. Its strong third-quarter earnings benefited on the back of robust new business activity and favorable market conditions, triggering higher AUM/A and growth in spread income and fee-based revenues.Improved performance in Group Retirement and Asset Management were major tailwinds along with rising investment income. However, the upside was partly offset by an elevated overall expense level.EQH ...