AUM up 1.7% month over month
Nice increase. Income continues to rise as a result. Look for $1.75 or more in dividends in the next 4 quarters.
AllianceBernstein announces November 30, 2012 AUM of $426 bln, up from $419 bln in prior month (AB) 16.77 -0.01 : Co announced that preliminary assets under management increased to $426 billion from $419 billion during November 2012. The 1.7% increase was driven by net inflows to Institutions and Retail and positive investment returns, partially offset by Private Client net outflows.
Sentiment: Strong Buy