AllianceBernstein L.P. (“AB”) and AllianceBernstein Holding L.P. (“AB Holding”) (NYSE: AB) today reported financial and operating results for the quarter ended September 30, 2019.
“Our third quarter results continue to reflect momentum in several areas of our business,” said Seth P. Bernstein, President and CEO of AllianceBernstein. “Total firmwide net inflows of $8.1 billion were positive for a fifth straight quarter and were driven by $9.3 billion of active net inflows. Year-to-date active net inflows of $21.6 billion translates to a 6.3% annualized organic growth rate, continuing our best year-to-date in more than a decade.”
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