AllianceBernstein (AB) Tops Q2 EPS by 1c

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Go back to AllianceBernstein (AB) Tops Q2 EPS by 1c

AllianceBernstein Holding L.P. Announces Second Quarter Results

July 23, 2020 6:20 AM EDT

NEW YORK, July 23, 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 June 30, 2020.

"The firm delivered strong second quarter results in a dynamic operating environment, as financial markets rebounded from March crisis lows," said Seth P. Bernstein, President and CEO of AllianceBernstein.  "We focused on servicing our clients' distinct needs through delivering differentiated investment performance. Our platform generated net inflows of $4.6 billion or 3% annualized organic growth, excluding expected low-fee AXA redemptions of $7.9 billion.... More