Equitable Holdings Inc - EQH STOCK NEWS

Equitable Holdings (NYSE: EQH) has announced the launch of its 2022 Equitable Excellence Scholarship program, aimed at supporting high school seniors in achieving their educational goals. This year, the program will provide 100 annual scholarships of $5,000, renewable for four years, plus 100 one-time scholarships of $2,500. The initiative focuses on empowering students facing challenges, particularly in the context of the pandemic, and aims to address educational inequities through partnerships with Scholarship America and others. Applications are open until December 17.

Equitable Holdings, Inc. (NYSE: EQH) has announced a multi-year partnership with Purposity, committing over $1 million through the Equitable Foundation. The initiative aims to enhance educational resources in Charlotte, N.C., focusing on supporting K-12 educators and students. This partnership, which has equipped over seventy social workers in the Charlotte Mecklenburg Schools, highlights a strong commitment towards fostering financial well-being through educational access. The collaboration also includes support for various local nonprofit organizations.

Equitable Holdings, Inc. (NYSE: EQH) announced that CEO Mark Pearson will participate in a fireside chat at the Barclays Global Financial Services Conference on September 15, 2021, at 10:30 a.m. ET. The live audio webcast will be available on the Equitable Holdings Investor Relations website, and a replay will be accessible shortly after the event. Equitable Holdings is a financial services company with two main franchises: Equitable and AllianceBernstein, managing approximately $869 billion in assets and serving over 5 million clients worldwide.

Equitable Holdings, Inc. (NYSE: EQH) announced that Robin M. Raju, CFO, will participate in a fireside chat at the 2021 KBW Insurance Conference on September 10, 2021, at 9:40 a.m. ET. A live audio webcast will be available on the Equitable Holdings Investor Relations website, with a replay accessible shortly after the event. Equitable Holdings is a financial services company with about $869 billion in assets under management and over 5 million client relationships worldwide.

AllianceBernstein L.P. (AB) reported a 1% increase in preliminary assets under management to $748 billion in July 2021, up from $738 billion in June. This growth was attributed to market appreciation and modest net inflows. While Retail and Private Wealth segments saw net inflows, there were net outflows from Institutions. As of June 30, 2021, Equitable Holdings, Inc. (EQH) owned approximately 64.4% of AllianceBernstein, enhancing its financial position.

Equitable Holdings announced strong second-quarter results with non-GAAP operating earnings of $1.71 per share, marking a 74% year-over-year increase. Assets Under Management (AUM) rose to $869 billion, a 22% increase from the previous year. The company successfully closed a VA reinsurance deal with Venerable, de-risking its balance sheet and unlocking $1 billion in economic value. New expense savings targets are set at $80 million by 2023. Key highlights include record sales in Individual Retirement and significant net inflows across investment management.

Equitable Holdings, Inc. (NYSE: EQH) has declared a quarterly cash dividend of $0.18 per share on common stock, payable on August 20, 2021, to shareholders on record by August 13, 2021. Additionally, the Board announced dividends for Series A and Series C preferred stock, set at $328.125 and $268.750 per share respectively, each payable on September 15, 2021, to holders of record on September 3, 2021. As of March 31, 2021, Equitable manages approximately $822 billion in assets with over 5 million client relationships worldwide.

Equitable Holdings, Inc. (NYSE: EQH) announced its commitment to responsible investing by becoming a signatory to the UN-supported Principles for Responsible Investment (PRI). This affiliation aims to enhance ESG incorporation in investment strategies. Equitable's investment management firm, AllianceBernstein, has been a PRI signatory since 2011. This move aligns with Equitable’s recent $500 million sustainable financing offering and reinforces its dedication to stakeholders. PRI CEO Fiona Reynolds welcomed Equitable's commitment, highlighting the importance of insurance sector engagement in sustainable investing.

Equitable Holdings, Inc. (NYSE: EQH) plans to release its second quarter 2021 financial results on August 4, 2021, after market close. A conference call to discuss these results is scheduled for August 5, 2021, at 8:00 a.m. ET. Investors can access the earnings materials on the company's investor relations website. Equitable Holdings, founded in 1859, is a financial services holding company with approximately 12,000 employees, $822 billion in assets under management, and over 5 million client relationships worldwide.