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Equitable Holdings, Inc. (EQH) is a prominent financial services company headquartered at 1930 W Van Buren St, Phoenix, Arizona, United States.
The company specializes in offering a diverse range of financial products and services designed to meet the varying needs of individuals, families, and small businesses. Equitable Holdings operates through several key business segments:
- Individual Retirement: This segment focuses on providing variable annuities, helping clients secure a stable financial future with tax-deferred investment options.
- Group Retirement: Equitable's Group Retirement division offers comprehensive retirement plans, allowing employees to invest in a secure retirement through tax-deferred contributions.
- Investment Management and Research: This segment provides diversified investment management, extensive research, and related services, offering strategic financial insights and opportunities.
- Protection Solutions: Specializing in life insurance products, this division ensures that individuals and families are protected against unexpected financial difficulties.
- Wealth Management: Equitable offers expert wealth management services, helping clients grow and preserve their wealth through personalized strategies.
- Legacy: This segment focuses on preserving and transmitting wealth across generations, ensuring long-term financial stability for clients' heirs.
Equitable Holdings is committed to providing reliable and expert financial guidance. The company's latest achievements and projects reflect its dedication to innovation and excellence in the financial services industry. With a robust financial condition and strategic partnerships, Equitable Holdings continues to deliver value to its clients and stakeholders.
Stay updated with the latest news and developments from Equitable Holdings to make informed decisions about your investments and financial plans.
Equitable Holdings (NYSE: EQH) has announced a three-year partnership with the Council of Chief State School Officers to enhance the National Teacher of the Year Program. This initiative aims to celebrate and support outstanding teachers across the U.S. who have demonstrated excellence in their profession.
The 2022 cohort features 56 educators, including Kurt Russell, honored as the National Teacher of the Year. Equitable will host events to recognize these educators starting May 3 with Nancy Parra-Quinlan in Arizona and culminating on June 6 with Kurt Russell at Oberlin High School.
Equitable Holdings, Inc. (NYSE: EQH) will announce its Q1 2022 financial results on May 9, 2022, after market close. A conference call to discuss these results is scheduled for May 10, 2022, at 9:00 a.m. ET. The call will be available on the investor relations website. Equitable Holdings is a financial services holding company managing approximately $908 billion in assets and servicing over 5 million clients globally. The company comprises Equitable and AllianceBernstein, focusing on financial advice and investment management.
Equitable Holdings announced that its subsidiary, AllianceBernstein (AB), will acquire CarVal Investors, a global private alternatives investment manager with $14.3 billion in assets under management (AUM). The deal, worth $750 million, will enhance AB's private markets platform to nearly $50 billion in AUM. The acquisition is expected to generate synergies, strengthen AB's position in private credit, and maintain EQH's cash flow at $1.5 billion. The transaction is set to close in Q2 2022 and is neutral to EQH's earnings per share (EPS) in the short term.
Equitable Holdings, Inc. (NYSE: EQH) has declared a quarterly cash dividend of $0.18 per share of common stock, payable on March 7, 2022, to shareholders on record as of February 28, 2022. Additionally, the company announced dividends for its preferred stock series: $328.125 on Series A and $268.75 on Series C, both payable on March 15, 2022, to record holders as of March 4, 2022. Equitable has approximately $908 billion in assets under management, underscoring its strong financial position.
Equitable Holdings reported a significant financial turnaround for the full year 2021, achieving Non-GAAP operating earnings of $2.8 billion ($6.58 per share), a 32% increase year-over-year. The company experienced $25 billion in net inflows, driving Assets Under Management (AUM) up 12% to $908 billion. Despite a net loss of $439 million, improved performance in capital-light business segments and a new $1.2 billion share repurchase program for 2022 were highlighted. Total capital returned to shareholders reached $1.9 billion in 2021, demonstrating strong capital management actions.
Equitable Holdings, Inc. (NYSE: EQH) announced that Robin M. Raju, Senior Executive Vice President and CFO, will speak at the 2022 Credit Suisse Financial Services Forum on February 17, 2022, at 4:20 p.m. ET. Interested parties can access a live audio webcast on the Equitable Holdings Investor Relations website and should log in 15 minutes before the event. A recording will be available post-event. Founded in 1859, Equitable offers financial services and manages approximately $871 billion in assets, serving over 5 million clients.
Equitable Holdings Inc. (NYSE:EQH) has partnered with StudentLoan Tech, Inc. to launch a free eligibility calculator for the Public Service Loan Forgiveness (PSLF) program. This initiative aims to assist employees in the non-profit sector with managing student loan repayments as federal forbearance approaches its end on May 1, 2022. The tool estimates potential loan forgiveness and outlines application steps. Recent changes to PSLF have simplified applications and expanded eligibility, which could benefit more borrowers.
AllianceBernstein (AB) announced Noel Archard as the Global Head of ETFs and Portfolio Solutions, effective February 7, 2022. This new role aims to establish a global ETF business, with active ETF offerings planned for later in the year. Archard, with over 20 years of experience, will lead the initiative and report to Onur Erzan. The firm aims to create innovative solutions to meet evolving client needs, leveraging its investment capabilities. As of December 31, 2021, Equitable Holdings, Inc. (EQH) owned approximately 64.5% of AllianceBernstein.
Equitable Holdings, Inc. (NYSE: EQH) will release its financial results for Q4 and the full year of 2021 on February 10, 2022, after market close. A conference call to discuss the results is set for February 11, 2022, at 9:00 a.m. ET. The call will be available on the company's investor relations website. Equitable Holdings has about 12,000 employees and $871 billion in assets under management as of September 30, 2021, serving over 5 million clients globally.
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