Shares of AllianceBernstein Holding L.P. have delivered a 28% total return since my Buy recommendation on December 20, 2023. The strong returns have been driven by solid earnings momentum due to margin expansion. AB recently raised its dividend and the stock now offers an 8% dividend, which is attractive relative to other high-yield equities.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Investors love dividend stocks, especially the ultra-high-yield variety because they offer a significant income stream and have massive total return potential.
U.S. asset manager AllianceBernstein is preparing to sue Switzerland for $225 million over the decision to wipe out $17 billion of debt when the country's government orchestrated the takeover of Credit Suisse by rival UBS last year, the Financial Times reported on Tuesday.
Weak market performance hurt AB's AUM balance in October 2024.
AllianceBernstein is rated a buy due to strong earnings, solid EPS trends, and a favorable technical setup, despite a high valuation. AB reported robust Q3 results, with a 108% surge in operating income and a 21% increase in assets under management. Key risks include potential market weakness and high-interest rates impacting inflows, but AB's technicals and fundamentals remain strong.
Here is how AllianceBernstein (AB) and Aflac (AFL) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, AllianceBernstein (AB) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
24/7 Wall St. Insights High-yield dividend stocks will grow in popularity as interest rates dive.
Do you have more faith in DuPont analysis than simple ROE calculation? Tap Casey's General Stores (CASY), Super Micro Computer (SMCI), AllianceBernstein (AB) and Sprouts Farmers Market (SFM).
AllianceBernstein Holding L.P. Limited Partnership Units (NYSE:AB ) Q3 2024 Earnings Conference Call October 24, 2024 10:00 AM ET Company Participants Seth Bernstein - President and CEO Jackie Marks - CFO Onur Erzan - Head of Global Client Group and Private Wealth Matt Bass - Head of Private Alternatives Conference Call Participants Ben Budish - Barclays Robin Holby - TD Cowen Craig Siegenthaler - Bank of America John Dunn - Evercore ISI Rick Roy - Jefferies Operator Ladies and gentlemen, thank you for standing by and welcome to the AllianceBernstein Third Quarter 2024 Earnings Review.