AB - AllianceBernstein garners 5.3% M/M increase in January AUM
- AllianceBernstein Holding ( NYSE: AB ) said Thursday its asset under management rose to $680B at the end of January from $646B at end-December, bolstered by market appreciation and net inflows.
- Net inflows to Retail and Private Wealth were partially offset by modest net outflows from Institutional, the asset manager noted.
- Equity AUM totaled $272B at Dec. 31, 2022, fixed income AUM ended the month at $252B, and alternatives/multi-asset solutions AUM came in at $122B.
- On Wednesday, AllianceBernstein Non-GAAP EPS of $0.70 beats by $0.13, revenue of $802.11M .
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AllianceBernstein garners 5.3% M/M increase in January AUM