NYSE:ABCapital Markets
AllianceBernstein Holding (AB) Is Down 7.3% After Record AUM And Higher Payout Amid Lower Profit
AllianceBernstein Holding L.P. has reported full-year 2025 net income of US$299.84 million, down from US$423.37 million a year earlier, alongside fourth-quarter earnings that exceeded analyst expectations and record assets under management of US$867 billion.
Despite lower annual profit, the firm increased its cash distribution to US$0.96 per unit and highlighted growth initiatives such as expanding commercial mortgage lending and enhancing biodiversity and water-risk assessment across...