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AllianceBernstein Shares Soar 8.79% After AUM Decline

Mover TrackerWednesday, Apr 9, 2025 8:00 pm ET

1min read

AllianceBernstein Holding (AB) shares surged by 8.79% today, marking a significant rebound after the stock price hit its lowest level since August 2024, with an intraday decline of 2.18%.

AllianceBernstein reported a decrease in assets under management (AUM) to $784 billion in March 2025, down 2.6% from $805 billion in February 2025. This decline in AUM, primarily due to market depreciation, could impact the firm's revenue and profitability. The reduction in AUM reflects broader market trends and investor sentiment, which have led to a decrease in the value of assets managed by the firm. This decline could potentially affect the company's financial performance and investor confidence.

Sanford C. Bernstein downgraded shares of alliancebernstein from a "buy" rating to a "neutral" rating, and barclays also reduced their rating. This change in ratings could influence investor perception and stock performance. The downgrades suggest that analysts are less optimistic about the company's future prospects, which could lead to a decrease in investor demand for the stock. However, the recent surge in share price indicates that some investors may be taking a more bullish stance on the company's future prospects.

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