AllianceBernstein (AB) Misses Q1 EPS by 2c

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AllianceBernstein Holding L.P. Announces First Quarter Results

April 28, 2016 6:46 AM EDT

NEW YORK, April 28, 2016 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today reported financial and operating results for the quarter ended March 31, 2016.

"After a challenging first two months of the year, both global markets and investor sentiment lifted in March," said Peter S. Kraus, Chairman and Chief Executive Officer. "While gross sales for the first quarter lagged the levels of a year ago, we experienced strong momentum in diverse areas like global high income, US investment grade and municipal bonds, and... More