AllianceBernstein (AB) announced that preliminary assets under management increased to $813B during November from $793B at the end of October. The 2.5% increase in month-end AUM was driven by market appreciation, partially offset by net outflows. By channel, net inflows in Retail and Private Wealth were outweighed by Institutional net outflows.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AB:
- AllianceBernstein price target lowered to $36 from $39 at Barclays
- AllianceBernstein price target raised to $42 from $41 at TD Cowen
- AllianceBernstein reports preliminary AUM $793B as of October 31
- AllianceBernstein price target raised to $39 from $36 at Barclays
- AllianceBernstein reports Q3 adjusted EPS 77c, consensus 72c