AllianceBernstein Reports Record Assets and Strongest Sales in Five Years

Earnings
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Summary · why it matters

AllianceBernstein reported record assets under management above $905 billion and its strongest quarterly sales in five years during the second quarter of 2026. Adjusted earnings rose 8% to $0.82 per unit, while the operating margin expanded to 33%. Fixed income, alternatives, and insurance-related mandates drove growth, including a $9 billion Equitable passive fixed-income mandate. Private-market AUM reached $91 billion ahead of schedule and exceeded $100 billion after the subsequent onboarding of $11.8 billion in commercial mortgage loans. The firm raised its 2026 performance-fee outlook to $115 million to $135 million and lowered its non-compensation expense and tax-rate forecasts, and it expects to add at least $100 billion of Corebridge assets over time if the proposed Equitable-Corebridge combination closes.

Impact on stocks 3

Financials▲ · 2 stocks
Axa Equitable Holdings Inc
EQH
▲ PositiveCapitalrelevance

Equitable's proposed combination with Corebridge could lead to asset transfers benefiting AllianceBernstein, but Equitable itself is not directly impacted by the AUM growth.

Aging Population▲ · 1 stocks
Corebridge Financial Inc.
CRBG
▲ PositiveCapitalrelevance

AllianceBernstein expects to add at least $100B of Corebridge assets if Equitable-Corebridge deal closes, implying potential fee revenue.

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