Alliancebernstein Holding LP (NYSE:AB) on Tuesday posted in-line earnings for the first quarter.
The company reported quarterly earnings of 83 cents per share which met the analyst consensus estimate. The company reported quarterly sales of $1.201 billion which beat the analyst consensus estimate of $894.721 million.
“The first quarter of 2026 unfolded against a difficult geopolitical backdrop associated with market volatility,” said Seth Bernstein, CEO of AllianceBernstein. “Firmwide net active outflows totaled $6.3 billion, reflecting a more risk-averse environment, despite continued momentum across structurally growing areas—including private markets, active ETFs, SMAs, insurance, …