AllianceBernstein announced that preliminary assets under management increased to $791B during August 2024 from $777B at the end of July. The 2% increase was driven by market appreciation, partially offset by net outflows. By channel, Institutional net outflows outweighed Retail net inflows, while Private Wealth net flows were flattish.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AB:
- AllianceBernstein initiated with an Equal Weight at Barclays
- AllianceBernstein reports preliminary AUM $777B as of July 31
- AllianceBernstein price target raised to $39 from $36 at TD Cowen
- Options Volatility and Implied Earnings Moves Today, July 26, 2024
- AllianceBernstein reports Q2 adjusted EPS 71c, consensus 66c