AllianceBernstein (AB) Q2 FY26 earnings call

AllianceBernstein achieved record AUM and returned to positive organic growth in Q2 FY26, driven by strong sales momentum across insurance, private wealth, and private markets. The firm reached its private markets AUM target significantly ahead of schedule, while the proposed Equitable and Corebridge combination is expected to further scale the insurance platform. Despite headwinds from active equity and taxable fixed income outflows, disciplined expense management and strategic investments are driving operating leverage and long-term earnings power.