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AB - AllianceBernstein Thriving On AUM Growth And Mix
Alliance Bernstein Holding L.P. Units
AllianceBernstein has been exceeding Wall Street estimates for net inflows and assets under management, while stable fee rates and good expense control are translating that into strong earnings growth.
Management has made good progress building up the active equity and alt investment businesses, and these remain priority targets for both internal reinvestment and growth-oriented M&A.
Mid-to-high single-digit growth in revenue and core earnings can still drive a double-digit total annualized return from here.