Corebridge Financial Inc. Posts Strong Q3 Results, Evercore Maintains Outperform Rating with Slight Price Target Adjustment

Corebridge Financial Inc. reported Q3 results with a beat in revenue at $5.63 billion, but EPS at $0.96 missed estimates. Evercore ISI maintained its Outperform rating with a slight price target trim from $38 to $37. The company expects steady growth in spread income and annual EPS growth between 10% and 15%. CEO Kevin Hogan emphasized the company's streamlined structure and improved earnings quality.