AllianceBernstein (AB) Tops Q4 EPS by 2c
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February 11, 2016 6:56 AM EST
NEW YORK, Feb. 11, 2016 /PRNewswire/ --Â AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $456 billion during January 2016 from $467 billion at the end of December. The 2.4% decline was largely driven by market depreciation, though total net flows were negative. By channel, net flows were positive in Institutions and Private Wealth and negative in Retail.
AB (The Operating Partnership)
Assets Under Management ($ in Billions)
At January 31,... More
February 11, 2016 6:45 AM EST
NEW YORK, Feb. 11, 2016 /PRNewswire/ --Â AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today reported financial and operating results for the quarter ended December 31, 2015.
"The challenging conditions of the third quarter of 2015 - declining global markets, concerns over growth in China and other emerging markets, plunging oil prices and volatility in the credit markets - intensified in the fourth quarter, and these factors dampened our gross sales growth and depressed revenues and asset levels," said Peter S. Kraus, Chairman and Chief Executive Officer.... More
