AllianceBernstein Holding, L.P. - $AB STOCK NEWS

AllianceBernstein L.P. (AB), a global investment firm with $759 billion in assets, expands retirement income offerings with the AB Secure Income Portfolio. The portfolio provides guaranteed retirement income for Defined Contribution plans without changing their target-date provider. It offers higher growth assets exposure, liquidity, and flexibility for participants. AB has been a pioneer in customizable lifetime income solutions, accumulating over $11 billion in assets. The portfolio is available through an institutional separate account and a collective investment trust (CIT).

AllianceBernstein's Women's Employee Resource Group (ERG) created the #SheInspires campaign to showcase inspiring women within the firm. Colleagues nominated these women for their ability to motivate and inspire others, emphasizing AB's core values. AB is renowned for its responsible investing and stewardship practices, focusing on ESG factors and climate change considerations. The firm's purpose is to unlock opportunities through responsible actions, guided by its mission and values. AB is committed to integrating ESG factors across its managed equity and fixed-income client accounts. With $669B in assets under management as of September 30, 2023, AB prioritizes diversity, distinctive knowledge, courage, and integrity in its operations.

AllianceBernstein has been recognized with awards for the Most Innovative ESG Initiative: Climate and Natural Capital at the ESG Investing Awards 2024. The company focuses on responsible investing, stewardship, and corporate responsibility, integrating ESG factors into its strategies. AB has $669B in assets under management, with $458B ESG-integrated.

AllianceBernstein celebrated Earth Day 2024 with a focus on responsible investing and stewardship. The PR highlighted AB's PRISM platform, Climate Transition Alignment Framework, Biodiversity Risk Matrix, and collaborations with Columbia Climate School. AB is a global investment management firm that integrates ESG factors in its strategies, engaging with issuers for clients' financial interests. With $669B in assets under management, $458B ESG-integrated, AB's values drive purpose, mission, and actions towards distinctive knowledge, integrity, and investment in one another.

AllianceBernstein Holding L.P. reported strong first-quarter results with GAAP diluted net income of $0.67 per unit, adjusted diluted net income of $0.73 per unit, and a cash distribution of $0.73 per unit. The firm experienced organic growth, with active net inflows of $3.7 billion. Retail channel growth was robust at 6% annually, driven by demand for fixed income investments. However, there were persistent equity net outflows. Operating income increased by 12%, operating margin exceeded 30%, and earnings per unit rose by 11%. Assets Under Management (AUM) increased by 12.2% year-over-year to $758.7 billion. The firm's cash distribution per unit of $0.73 is payable on May 23, 2024, to holders of record of AB Holding Units at the close of business on May 6, 2024.

AllianceBernstein's press release discusses three mega-forces - climate change, demographics, and deglobalization - that will reshape the investment landscape. These forces are expected to lower economic growth levels and impact inflation, government debt, and macro volatility. The PR highlights the implications of these forces on strategic asset allocation for investors.

AllianceBernstein (AB) explores the concept of a 'just transition' in emerging markets, highlighting the importance of social risks in climate transition. The PR features Saskia Kort-Chick, Director of Social Research and Engagement, and Markus Schneider, Senior Economist, discussing the need for a systematic approach to address these risks.

AllianceBernstein's Chief Responsibility Officer, Erin Bigley, discusses the evolving landscape of responsible investing, focusing on ESG issues like climate change, biodiversity, workforce transformation, emerging markets, and health. The research agenda covers interconnectedness of ESG factors, workforce disruption, emerging markets' just transition, and global health concerns.

AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) will release their First Quarter 2024 financial and operating results on April 25, 2024, after the market closes. A teleconference will be held on April 26, 2024, at 9:00 am (CT) to discuss the results. The call will be led by key executives including the President and CEO, CFO, Head of Global Client Group, and Head of US Retail.