AllianceBernstein's October AUM Declines on Unfavorable Market

Zacks11-14 19:25

AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for October 2024. The company’s preliminary month-end AUM of $806 billion reflects a 2% decrease from the end of September...

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The company’s preliminary month-end AUM of $806 billion reflects a 2% decrease from the end of September...</p>\n\n<a href=\"https://finance.yahoo.com/news/alliancebernsteins-october-aum-declines-unfavorable-112500692.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AllianceBernstein's October AUM Declines on Unfavorable Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAllianceBernstein's October AUM Declines on Unfavorable Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 19:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/alliancebernsteins-october-aum-declines-unfavorable-112500692.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for October 2024. The company’s preliminary month-end AUM of $806 billion reflects a 2% decrease from the end of September...</p>\n\n<a href=\"https://finance.yahoo.com/news/alliancebernsteins-october-aum-declines-unfavorable-112500692.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AB","symbol_name":"联博控股","start_time":0,"source_url":"https://finance.yahoo.com/news/alliancebernsteins-october-aum-declines-unfavorable-112500692.html","article_id":"2483680887","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/xHXRC7FU3YCAjucpj7WTJg--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/a5e3eca023cd41d68fc17692e9515add"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483680887","pubTimestamp":1731583500,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Currently, AB carries a Zacks Rank #2 . You can see the complete list of today’s Zacks #1 Rank  stocks here.Invesco’s IVZ has announced preliminary AUM for October 2024. The company’s month-end AUM of $1.77 trillion represented a 1.3% decline from the previous month.IVZ reported net long-term inflows of $2 billion for October. Non-management fee-earning net outflows were $0.2 billion, and money market net outflows totaled $1.8 billion. Further, Invesco’s AUM was unfavorably impacted by weak market returns, which lowered its AUM by $13 billion. Also, FX hurt the AUM balance by $10.5 billion.Lazard, Inc. LAZ reported a preliminary AUM balance of $235.8 billion for October 2024. This reflected a 4.8% decrease from $247.7 billion as of Sept. 30, 2024.The fall in LAZ’s AUM balance was due to a market depreciation of $4.4 billion, net outflows of $3.3 billion and foreign exchange depreciation of $4.2 billion.Want the latest recommendations from Zacks Investment Research?Today, you can downlo","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AB":"联博控股","BK4127":"投资银行业与经纪业","BK4585":"ETF&股票定投概念","IVZ":"美国景顺集团","BK4588":"碎股","LU0029874061.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" YDIS INC","LAZ":"Lazard Class A","BK4135":"资产管理与托管银行","LU0128526141.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" ACC","BK4590":"PTP"},"translate_title":"联博10月份资产管理规模因市场不利而下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IVZ":1,"LAZ":1,"AB":0.9},"content_text":"AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for October 2024. The company’s preliminary month-end AUM of $806 billion reflects a 2% decrease from the end of September 2024.The fall was primarily due to market depreciation. In October, firmwide net flows were stable.At the end of October, AllianceBernstein’s Equity AUM declined 2.1% sequentially to $333 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) was down 2.4% to $163 billion. Fixed Income AUM of $292 billion fell marginally from the end of September.In terms of channel, October month-end Institutions AUM of $327 billion decreased 2.4% from the previous month. Retail AUM was $330 billion, down 1.5% from September end. Private Wealth AUM was stable at $136 billion.AllianceBernstein’s global reach and solid AUM balance are likely to boost top-line growth. However, rising operating costs and a challenging operating backdrop are near-term concerns. In the past six months, shares of AB have gained 4.7% compared with the industry's rise of 25%. \nImage Source: Zacks Investment Research\nCurrently, AB carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nPerformance of AB’s Peers\nInvesco’s IVZ has announced preliminary AUM for October 2024. The company’s month-end AUM of $1.77 trillion represented a 1.3% decline from the previous month.IVZ reported net long-term inflows of $2 billion for October. Non-management fee-earning net outflows were $0.2 billion, and money market net outflows totaled $1.8 billion. Further, Invesco’s AUM was unfavorably impacted by weak market returns, which lowered its AUM by $13 billion. Also, FX hurt the AUM balance by $10.5 billion.Lazard, Inc. LAZ reported a preliminary AUM balance of $235.8 billion for October 2024. This reflected a 4.8% decrease from $247.7 billion as of Sept. 30, 2024.The fall in LAZ’s AUM balance was due to a market depreciation of $4.4 billion, net outflows of $3.3 billion and foreign exchange depreciation of $4.2 billion.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nInvesco Ltd. (IVZ) : Free Stock Analysis Report\nAllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report\nLazard, Inc. (LAZ) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483680887"}