|Bid||28.82 x 900|
|Ask||30.75 x 1100|
|Day's Range||29.94 - 30.50|
|52 Week Range||23.34 - 31.42|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||13.35|
|Earnings Date||Feb 11, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||2.52 (8.35%)|
|1y Target Est||33.00|
(Bloomberg Opinion) -- Why is the nation's financial industry concentrated in just a few very costly cities?The latest actions by the Charles Schwab Corp. suggest there's less reason than there once was amid the squeeze the industry has been feeling since the Great Recession ended. In Schwab's case -- amid slow economic growth, low interest rates and continued pressure on trading commissions -- the discount brokerage firm slashed its fees, said it would buy a main rival and move its headquarters from high-cost San Francisco to more-affordable Dallas. It may not be the last to make such a move.No matter what part of the financial services or banking ecosystems you look at, revenues are harder to come by today than they were 10 or 20 years ago. Trading commissions have fallen, with online brokerages ushering in zero commissions. Bid-ask spreads for market makers have narrowed. Management fees for mutual funds and hedge funds continue to shrink. Mutual funds are losing market share to low-cost exchange-traded funds. Net interest margins for banks have been compressed by both low interest rates and a flatter yield curve. The Volcker rule restricted some of the more lucrative activities banks can do. Higher capital requirements have reduced the profitability of the banks. Loan growth has been anemic since the financial crisis. And increasingly, private companies are looking to do direct listings on stock markets rather than initial public offerings, threatening bank underwriting fees.And at the same time that revenues have been pressured, the costs of operating in coastal urban hubs where the finance industry has traditionally been clustered continue to rise. Although conservatives might snicker and chalk it up to the higher taxes in coastal finance centers, the bigger story has been the concentration of the technology industry and the young, highly paid knowledge workers they hire. In the first decade of the 2000s, when the credit and housing booms were roaring, the tech industry played second fiddle to finance when it came to urban employment. Even San Francisco was relatively tech-free until Twitter set up shop in the latter half of the decade. Rents, although high, were manageable for many workers with good financial industry jobs.That's no longer the case. With tech on a tear, young college-educated workers have, in turn, clustered in a handful of cities to gain access to more job opportunities. This dynamic has driven up rents in New York and San Francisco, posing stiff competition for financial companies looking to hire workers with the same types of skills prized by tech firms. The mediocre post-recession environment in finance has also meant banking and investment firms often find themselves outbid for talent.For the financial industry, that means if you can't beat 'em, retreat to cheaper pastures. That helps explain why Goldman Sachs has expanded in Salt Lake City; AllianceBernstein is planning to move its headquarters from New York to Nashville, Tennessee; and BlackRock is opening an "innovation center" in Atlanta. Perhaps the most significant announcement was made by JPMorgan Chief Executive Officer Jamie Dimon in October, when he said that he expects Texas to eventually overtake New York as the state with more of the bank's employees than any other.As with the shifts in the manufacturing industry, these changes take place over years and decades, but it's likely that the trend of decentralization will continue. Although Schwab is a high-profile financial firm moving its headquarters out of San Francisco, a much bigger one -- Wells Fargo -- remains based there. But for how long? The scandal-plagued bank recently hired a new chief executive, but he plans to remain in New York rather than move to the West Coast. The bank has five times as many job postings on its website in Charlotte, North Carolina, thanks to its acquisition of Wachovia, as it does in San Francisco. It wouldn't be a surprise if -- as part of its long-term repositioning strategy -- a headquarters relocation is part of the mix.It's been a bit more than a decade since the financial crisis, and banks and financial-services firms have had enough time to dust themselves off and adjust to the new environment for the industry. If the 2000s were defined by the bust, and the 2010s were a period of recovery and sluggish growth, then maybe the 2020s will be when the industry consolidates and finally lowers costs by shifting to cheaper cities.To contact the author of this story: Conor Sen at firstname.lastname@example.orgTo contact the editor responsible for this story: James Greiff at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Conor Sen is a Bloomberg Opinion columnist. He is a portfolio manager for New River Investments in Atlanta and has been a contributor to the Atlantic and Business Insider.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Further to your report “ Fed weighs letting inflation run above target ” (December 2): policymakers should quickly abandon the idea of creating a new rule to allow inflation to run above target following ...
AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $611 billion during November 2019 from $601 billion at the end of October. The 1.7% increase was due to market appreciation, as well as total firmwide net inflows into all three distribution channels - Retail, Institutions and Private Wealth.
(Bloomberg) -- Emerging markets are about to embark on another year of wealth creation after adding $11 trillion to investor portfolios in the past decade.Developing-nation assets will outperform their developed peers, with Asia having the best prospects, according to Bloomberg’s survey of 57 global investors, strategists and traders on their outlook for next year. Total wealth in emerging-market stocks and bonds now exceeds $25 trillion, bigger than the economies of the U.S. and Germany combined.The U.S.-China trade dispute that dictated market moves throughout 2019 will remain the biggest driving force, while China’s growth outlook eclipsed Federal Reserve monetary policy to be the second-most important factor. After a wave of global easing led to more than $11 trillion in negative-yielding debt, the haven pile will be less of a focus as some central banks enter holding patterns from easier monetary policies.All emerging-market assets -- currencies, stocks and bonds -- are making a comeback this year after posting their largest losses in three years in 2018 as the Fed led global central banks in cutting benchmark rates to support flagging growth. Russia’s ruble, the best-performing emerging currency so far this year, overtook the Brazilian real to become the top pick in 2020, while Indonesia was the most favored for both bonds and stocks.“I’m still quite bullish on emerging markets heading into 2020,” said Takeshi Yokouchi, a Tokyo-based senior fund manager at Sumitomo Mitsui DS Asset Management Co., which oversees the equivalent of $160 billion in assets. “Underlying supporting factors for EM still remain, with very low rates globally, and that will encourage investors to look at higher-yielding assets.”Listen here to a podcast: A $25 Trillion Market Looks to 2020The combined equity value of 26 nations listed by MSCI Inc. as developing markets has increased by $6.6 trillion since the end of 2009, according to data compiled by Bloomberg. Meanwhile, Bloomberg Barclays bond indexes that cover a larger swathe of emerging economies show that local-currency bonds added $2.9 trillion, U.S. dollar bonds added $1.7 trillion and euro-denominated securities added $237 billion during the period. So far this year, MSCI Inc.’s equities gauge rose 9.6% and its gauge of currencies is up 1.4%.Below are the results of the Nov. 26-Dec. 5 survey. Click here to read the previous poll, and here is what we predicted for 2019.Asia maintained its top position for currencies and stocks, while Latin America, which was plagued by a rise in political unrest this year, overtook Asia for bonds. Europe, the Middle East and Africa was the least favored for bonds and equities, but moved one notch up for currencies.High-yielding assets dominated the top spots across the regions, underscoring continued demand.Respondents were also asked about the outlook for inflation, monetary policy and economic growth across 12 emerging markets:Here is a list of the survey participants:(Adds index prices in sixth paragraph.)\--With assistance from Tomoko Yamazaki, Adrian Krajewski, Aline Oyamada, Áine Quinn, Andres Guerra Luz, Justin Villamil, Lilian Karunungan, Netty Ismail, Simon Flint, Sydney Maki and Srinivasan Sivabalan.To contact the reporters on this story: Yumi Teso in Bangkok at firstname.lastname@example.org;Marcus Wong in Singapore at email@example.com;Selcuk Gokoluk in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Tomoko Yamazaki at email@example.com, ;Alex Nicholson at firstname.lastname@example.org, ;Carolina Wilson at email@example.com, Cormac MullenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Argentina is willing but unable to pay its debts under current conditions and needs the economy to grow again before meeting its obligations, President Alberto Fernandez said in his first speech after being sworn in.The government will seek “constructive and cooperative” dialogue with the International Monetary Fund and bondholders to address the debt load, Fernandez said, without giving additional details. The outgoing administration of Mauricio Macri left Argentina in “virtual default,” he said.Fernandez, 60, read off a list of challenging economic indicators that he’s inheriting including the biggest debt load as a percentage of gross domestic product since 2004, when the country was in default and he was cabinet chief. Investors are awaiting details from incoming Economy Minister Martin Guzman on his plans to confront the debt crisis which may include proposals to extend maturities.“The country is indebted, cloaked by an instability that discards the possibility of development and leaves it hostage to foreign financial markets,” he said. “Argentina should grow with a project of its own and implemented by Argentines, not dictated by foreigners with old recipes that always fail.”Fernandez’s speech was “constructive,” said Shamaila Khan, the New York-based director of emerging-market debt at AllianceBernstein. “They obviously didn’t have much policy details. But I don’t think we were expecting that from an inauguration speech.”IMF Managing Director Kristalina Georgieva congratulated Fernandez on his inauguration and said they have the same goals.“We fully share your objectives of pursuing policies that reduce poverty and foster sustainable growth,” Georgieva said in a tweet Tuesday afternoon. “The IMF remains committed to assisting your government in this endeavor.”Debt ChallengeMacri, who reinserted Argentina into global bond markets after taking office in 2015 but later failed to control inflation and kick start growth, signed a record $56 billion IMF credit line last year. The implied probability of non-payment over five years with credit-default trading stands at about 95%.Macri, who was forced to reimpose capital controls in September after markets sank due to a primary election that showed Fernandez set to win the presidency, had also announced plans to “reprofile” a total of $101 billion in debt between payments due to private creditors and the IMF.Moody’s Investors Service Inc. said restructuring Argentina’s medium- and long-term debt will be a challenge for Fernandez’s administration, and that the future of the nation’s credit ratings will depend on “losses imposed on bondholders as well as the long-term sustainability of the government’s yet-to-be-defined economic program.”Fernandez said that the 2020 budget can only be drawn up once the debt negotiation has been completed, as well as some economic and social measures haven been implemented to compensate the impact of the crisis in the economy.“Solving the problem of the unsustainable debt that Argentina has today is not a matter of winning a dispute. The country has the will to pay, but it lacks ability to do it,” Fernandez said.Argentina’s bonds traded lower Tuesday, with notes due in 2028 falling 0.5 cent to 40 cents on the dollar.(Updates with IMF response in sixth, seventh paragraphs)\--With assistance from Jorgelina do Rosario, Andres Guerra Luz, Scott Squires and Sydney Maki.To contact the reporter on this story: Patrick Gillespie in Buenos Aires at firstname.lastname@example.orgTo contact the editors responsible for this story: Daniel Cancel at email@example.com, Walter BrandimarteFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- When AllianceBernstein set up Australia’s first carbon-neutral equities fund, it wanted to prove to investors you don’t have to forgo returns to safeguard the environment.A year into the strategy, the $592 billion asset manager says benchmark-matching gains of more than 20% have proved its point.“It’s allowing us to have a conversation about a very challenging issue, which is do you have to sacrifice returns in order to invest sustainably?” Jen Driscoll, chief executive officer for AllianceBernstein Australia, said in an interview. “It’s not an ‘either-or’, it’s an ‘and’. You can have both.”The strategy, which Chief Investment Officer for Australian Equities, Roy Maslen, dubs “green alpha,” is derived from the AB Managed Volatility Equities Fund, which was set up in 2014.The fund has 70% less carbon emissions than its benchmark, the S&P/ASX 300 Total Return Index, because it’s typically underweight cyclical stocks in industries such as fossil fuels, steel and cement, transport and mining, Maslen said.The Green MVE strategy aims to keep emissions about 90% below the benchmark by further screening of stocks. Maslen calculates the cost of offsetting the remaining emissions and reaches third-party agreements to retire carbon credits. He estimates it costs investors about 6 basis points a year to take the extra step to carbon neutrality.Here’s How ‘Green Finance’ Aims to Save the Planet: QuickTakeAbout 80% of Green MVE is invested in Australian shares and 20% in global equities. It doesn’t hold more than 5% in any stock and among its top 10 holdings are conglomerate Wesfarmers Ltd., Transurban Group, a Melbourne-based toll-road operator, and medical diagnostics firm Sonic Healthcare Ltd.Tobacco companies, weapons manufacturers, coal companies and nuclear-power generation firms are excluded.Maslen will keep stocks if a balance between returns and emissions can be struck. For example, the fund holds Rio Tinto Group, which is a more attractive investment from a climate perspective than BHP Group Ltd. after selling the last of its coal mines earlier this year, he said.“If you are thinking about climate change, you don’t want to say ‘good company, bad company’ because if I draw the line in the wrong place I might give up investment return,” Maslen said. “We are saying ‘attractive investment, unattractive investment.’ So you can produce carbon emissions, you just need to be more attractive because we have to pay for that.”AllianceBernstein isn’t alone in recognizing the correlation between low-volatility stocks and low-carbon emissions. Credit Suisse Group AG noted that such equities have a “lower negative sensitivity to climate change risk factors” in a 2015 research paper.But its approach to reaching carbon-neutrality is likely unique in Australia, according to Helga Birgden, global business leader for responsible investment at Mercer.The managed-volatility fund has beaten 93% of its peers over the past five years, according to data compiled by Bloomberg. It has an annualized return of about 13% since inception in March 2014, according to the data. That compares to 8.5% per annum over the period for the S&P/ASX 300 Total Return Index, which accounts for reinvested dividends.The Green MVE strategy had a total return of 24.15% as of Oct. 31 since inception in December 2018, according to AllianceBernstein. That’s in line with the 24.11% for the benchmark.Green MVE now stands at just over A$200 million ($137 million), including a A$170 million mandate from NGS Super, an A$11 billion pension fund. The Australian government’s Clean Energy Finance Corp. committed A$50 million in its first investment in listed equities.AllianceBernstein is now considering adopting the strategy elsewhere in the world, Driscoll said.“The concept at a global level is being looked at from Australia into our global organization as well,” she said. “There is definitely a growing interest.”To contact the reporter on this story: Andreea Papuc in Sydney at firstname.lastname@example.orgTo contact the editors responsible for this story: Christopher Anstey at email@example.com, Edward JohnsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
AllianceBernstein L.P ("AB"), a leading global investment management firm, today announced Mark Griffin has joined as Head of Investor Relations.
NEW YORK , Nov. 12, 2019 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management ...
The developer of the $450 million project described the new tenant as just the kind of white-collar firm it's aiming to attract.
NEW YORK, Nov. 5, 2019 /PRNewswire/ -- AllianceBernstein L.P. (AB), a leading investment management and research firm, announced today that the AB Government Money Market Portfolio (GMOXX) has achieved a significant milestone, reaching assets of $10,980,557,487, a year-to-date increase of more than 38%, as of November 4, 2019. The Government Money Market Portfolio is designed to create maximum current income while consistently offering the safety of maintaining principal and liquidity. The portfolio currently invests in U.S. government securities and/or repurchase agreements related to government securities that are fully collateralized alongside cash.
[Editor's note: This article was previously published on Sept. 13, 2019. Due to changes in the market since then, parts of this article have been rewritten with new information.]The holidays represent great opportunities to take a good look at your portfolio and make sure that you are good to get through the holiday buzz and into the new year. And this season starts with Halloween -- also known as All Hallows Eve. Halloween is celebrated with all sorts of scary stuff that's just for fun. But the markets can bring a whole lot of genuinely scary troubles that you should avoid with the right stocks.After Halloween we come quickly up to Thanksgiving and hopefully to a great feast with family and friends. And again, it should be another good time to make sure that you have stocks that you will be thankful for now and in the months to follow.InvestorPlace - Stock Market News, Stock Advice & Trading TipsChristmas brings the annual cornucopia of gifts complete with all of the cash needed to make everyone on your list a happy recipient. And having the right stocks inside your portfolio can be a great aid to your budget.For all three of these holidays, safer, dividend-paying stocks can tick many of the right boxes for your portfolio. Dividend stocks tend to be more defensive during the scary times of the markets. And dividend stocks provide lots of cash flows to be thankful for at Thanksgiving.I have always had a core focus on dividend stocks and bonds for both income and safer growth over time. And in my Profitable Investing I have my all-weather model portfolios chock-full of recommendations.Here are some prime examples that you can put to work for the holidays and into 2020 right now. Dividend Stocks to Buy: W. P. Carey (WPC)I start with W. P. Carey (NYSE:WPC) which is a highly successful real estate investment trust with a diverse collection of properties across segments. But what they all have in common is the company's signature structure of sale and leaseback triple-net leases. This is where W. P. Carey typically acquires a property from a significant company -- or even government entity -- and in turn leases it back to the seller for long-term lease. In addition, the tenant pays for the taxes, insurance and general upkeep, hence the term triple-net.This structure has major benefits. To start, W. P. Carey gets established tenants for its leased properties. And longer-term leases set the company up with more dependable income. Because the tenants cover taxes, insurance and maintenance, W. P. Carey escapes a whole lot of uncertainty.Revenues are up for the trailing year by 4.4%. The return on funds from operations -- which measures the profitability of just running the properties -- is at a very healthy 12.8%.And the dividend is running at 4.5%. The actual distributions have been rising each and every quarter for years and years making the company one of the true dividend aristocrats.The stock has generated a return over the trailing five years of 86.3% for an average annual equivalent of 13.2% * 7 Dividend Stocks That Could Struggle to Continue Payout Hikes And despite the quality of the company's assets and performance along with that rising dividend distribution, the stock is cheap compared to the general REIT market. The stock's price is valued at a mere 2.2 times book value which is significantly cheaper than the general market average of 2.7 times. This make WPC a cheap stock with great assets and a rising dividend. AT&T (T)Next is a very old and proven company, AT&T (NYSE:T). It offers a variety of services including streaming. And oh yes, it comes with a huge content warehouse and generator in Warner Brothers.The direct comparison stock is Verizon (NYSE:VZ) which is a good dividend stock. But AT&T is way, way cheaper. AT&T stock is at a mere 1.5 times book compared to Verizon's value of 4.3 times book.Revenue is rising with the trailing year up by 6.4% and while the company has a lot of components, overall operating margins are running at a fat 15.3%. That in in turn drives a nice return on equity running at 8.9%.It has built up debt in its acquisition of Time Warner -- but it is manageable at only 33.2% of assets.The stock has trailed Verizon until recently. Activist investor Paul Singer announced that he has amassed $3.2 billion of the company's stock. He wants AT&T to hone its focus and sell some of its superfluous operations. And the market likes what he's presenting. AT&T also likes the ideas and is now moving to divest some of its non-essential businesses, pay down some debt, buy back some shares, split the CEO and Board chair positions and add two board seats.Over the past five years, the stock has returned 46.3% for an average annual equivalent return of 7.9%. But year-to-date, the stock has returned 43%.The dividend is running with a yield of 5.3% and the distributions have been rising over the trailing five years by an average of 2.1% per year. These are all reasons why AT&T is a good dividend stock to buy now. AllianceBernstein (AB)Now I'll move to another industry and a stock that you might not recognize -- even if you invest in some of its well-run funds. AllianceBernstein (NYSE:AB) is a pass-through company in the asset management business. The key thing about asset managers is that it is all about the assets under management. They don't have to be exceptional in their investing -- just good enough to attract and keep assets on which they earn fees year in and year out.The company's assets under management figure has climbed by 25.8% over the trailing four years to a current $581 billion. That has resulted in revenue gains for the same period of 30.1%.This in turn is driving higher returns for shareholders with the return on equity running at 14.9%. But the real deal is that the shares trade at a discount to revenue by nearly 20% -- making the shares cheap. * 10 Stocks to Buy Regardless of Q3 Earnings The stock has been a good performer with the trailing five years generating a total return of 69% for average annual equivalent of 11.1%. Compass Diversified (CODI)Here is a stock from another company that perhaps you haven't had the fortune to know: Compass Diversified (NYSE:CODI). It's an investment holding company set up under the Investment Company Act of 1940. As such it operates without federal corporate income taxes, providing further cash for dividend payments to investors.CODI buys and owns a collection of well-branded industrial and consumer goods companies. You can think of it as a smaller and more nimble Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B). And Compass Diversified in turn works with management teams to further develop business values. When appropriate, it will also sell off companies.Along the way, CODI collects ample cash flows from the operating companies and in turn pays a dividend currently yielding 7.1%.Revenues are firmly on the rise with the trailing year's sales gain of 33.2%. Margins are positive, helping to drive a return on shareholder equity of 39.3%. And the stock is very cheap as it is valued at a 30% discount to trailing sales -- which as noted are firmly on the rise.Compass Diversified continues to deliver. Over the past five years shares have generated a total return of 70.3% for an average annual equivalent return of 11.2%. TPG Specialty Lending (TSLX)Last up in my list of divided stocks for the holidays is TPG Specialty Lending (NYSE:TSLX). This company is one of the alternative financial companies capitalizing on the combination of less regulation and higher capital requirements imposed on U.S. banks.Revenues are up on a tear with the trailing year climbing by 24.2%. Its net interest margin is running at 10% and it keeps its efficiency ratio humming at a profitable 31.5% -- which means it costs 31.5 cents to earn each dollar of revenue.The company has generated a return of 100.2% over the trailing five years for an average annual equivalent of 14.9%. TSLX pays regular dividends quarterly, providing a yield of 7.4%. But it also regularly pays additional dividends from ongoing profits for a current annual yield of 8.3%.In addition, since it is set up under the Investment Company Act of 1940 and the Small Business Investment Incentives Act of 1980, it avoids federal income taxes. This leaves more cash to feed that dividend. So, the company is cheaply run with great margins and a great dividend stream. TSLX is a great value right now.For more of my dividend paying stocks, please take a look at my Profitable Investing which is celebrating 30 years of publication. Click here to learn more. In addition, I have recently had a book published titled Income for Life. For more information on it click here. It is nearly 400 pages of income-producing investment strategies for all-weather economic conditions as well as additional income-producing ideas that anyone can use successfully.Neil George was once an all-star bond trader, but now he works morning and night to steer readers away from traps -- and into safe, top-performing income investments. Neil's new income program is a cash-generating machine … one that can help you collect $208 every day the market's open. Neil does not have any holdings in the securities mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post 5 Excellent Dividend Stocks to Buy for the Holiday Season appeared first on InvestorPlace.
On Wednesday, AllianceBernstein CEO Seth Bernstein spoke at the Nashville Business Breakfast, where he discussed his company's move, including the need for renewed urgency on addressing the region's infrastructure needs.
NEW YORK , Oct. 30, 2019 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that Seth P. Bernstein , President ...
The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
There has been little in this quarter's results that would alter our long-term view of the asset managers that have reported earnings so far, although we did raise our fair value estimates for BlackRock BLK and Cohen & Steers CNS and lower our fair value estimate for Invesco IVZ . T. Rowe Price closed the September quarter with $1.126 trillion in managed assets, up 0.1% sequentially and 3.9% year over year, despite more volatile equity markets. Net inflows of $2.5 billion would likely have been better had the equity markets not sold off during August but were still on par with the $2.3 billion quarterly run rate we've seen for flows at T. Rowe Price since the end of the 2008-09 financial crisis.
GAAP Diluted Net Income of $0.62 per Unit Adjusted Diluted Net Income of $0.63 per Unit Cash Distribution of $0.63 per Unit NEW YORK , Oct. 24, 2019 /PRNewswire/ -- AllianceBernstein L.P. ("AB") ...
AllianceBernstein has hired a former NFL offensive tackle to help give its local wealth-management team a competitive edge. Winston Justice, whose NFL career included a six-year stint with the Philadelphia Eagles, has joined Bernstein Private Wealth Management as a financial adviser, the firm revealed first to the Nashville Business Journal. Given his background, Justice will help the firm target and cater to professional athletes.
Initial Funding from Investment by AXA Equitable Life Insurance Company NEW YORK , Oct. 15, 2019 /PRNewswire/ -- AllianceBernstein L.P. ("AB"), a leading global investment manager with approximately ...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Amen Bank and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
“I love seeing our younger team members buying homes. That’s not happening if we were in New York or Chicago or San Francisco."