AllianceBernstein modestly higher after solid quarter

Adjusted operating income of $144M of $0.45 per unit vs. $133M and $0.41 one year ago. Distribution per unit of $0.45.

AUM of $480.2B up 10.5% from a year ago, thanks to market appreciation. Net flows in Q2 of $8.3B.

In fixed income assets, 79% outperformed over 3-year period, 84% over 5 years.

In equities, just shy of 50% outperformed over 3-year period.

Previously: AllianceBernstein beats by $0.04, beats on revenue

AB +0.8%

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