AB - AllianceBernstein stock rises 2.7% after Q4 results beat inflows rise
AllianceBernstein (NYSE:AB) shares rise 2.7% after its Q4 results beat the average analyst estimate, capping off a year in which full-year organic revenue growth accelerated to 5%. "For the year, we drove double-digit organic growth in active equities, including ESG, municipals, and alternatives/multi-asset," said President and CEO Seth P. Bernstein. "Supported by strong equity markets, our AUM grew to $779B, up 14% from the prior year." Q4 adjusted EPS of $1.29 topped the $1.00 consensus and increased from $0.89 in Q3 and $0.97 in the year-ago quarter. Assets under management of $778.6B vs. $742.2B at Q3-end. Q4 net inflows of $7.4B, driven primarily by growth in active equities, compares with net inflows of $7.2B in Q3 and $3.2B in the year-ago quarter. Q4 adjusted operating income of $394.4M vs. $280.7M in Q3 and $301.2M in the year-ago quarter. Q4 operating expenses of $872.1M vs. $813M in Q3 Q4 adjusted operating margin of
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AllianceBernstein stock rises 2.7% after Q4 results beat, inflows rise