AB to Report Third Quarter 2024 Results on October 24, 2024

AllianceBernstein (AB), a leading global investment management firm, will release its Third Quarter 2024 financial and operating results before the market opens on October 24, 2024. The company will host a teleconference at 9:00 am (CT) to discuss the results, with Seth Bernstein, President and Chief Executive Officer, Jackie Marks, Chief Financial Officer, Onur Erzan, Head of Global Client Group and Private Wealth, and Matthew Bass, Head of Private Alternatives, participating.

AB's AUM growth in private markets is expected to impact its Q3 2024 earnings positively. The firm's private alternatives investments, such as Secondaries and Renewable Energy, have contributed significantly to its AUM growth. As of YE 2023, AB's Private Mkts AUM reached $61B, a 9% increase from the previous year. This growth was driven by Secondaries, Renewable Energy, Mtg. Loans, and ECRED.

AB's expanded ETF offerings are also anticipated to have a positive impact on its Q3 2024 revenue. The firm launched 10 new ETFs in 2023, with the platform now totaling $1.5B in AUM. These new investment strategies, such as "Security of the Future," "US High Dividend ETF," "Disruptors ETF," "Corporate Bond ETF," "Core Plus Bond ETF," and "Conservative Buffer ETF," along with the announced NAV Lending Strategy, are expected to contribute to AB's revenue growth.

AB's strategic partnership with Equitable Holdings is also expected to influence its Q3 2024 financial performance. In 2023, Equitable doubled its commitment to AB's Private Markets permanent capital to $20B. Equitable continued to reposition its GA permanent capital to higher yielding Private Alts, Private Placements, and Securitized Assets, with approximately 90% of the initial $10B committed capital deployed as of YE 2023.

Key investment trends and market conditions that may affect AB's Q3 2024 earnings include the continued growth of ETFs, the increasing demand for sustainable and responsible investing, and the expansion of private markets. AB's commitment to responsible investing, as demonstrated by its "Portfolios with Purpose" strategy, is expected to drive client engagement and AUM growth.

In conclusion, AB's Q3 2024 financial performance is anticipated to be positively impacted by its AUM growth in private markets, expanded ETF offerings, and strategic partnership with Equitable Holdings. The company's focus on responsible investing and its commitment to delivering superior investment solutions to clients are expected to drive its continued growth and success.