Welcome to our dedicated page for Equitable Holdings news (Ticker: EQH), a resource for investors and traders seeking the latest updates and insights on Equitable Holdings stock.
Equitable Holdings, Inc. reports developments across retirement, asset management and wealth management businesses conducted through Equitable, AllianceBernstein and Equitable Advisors. Company news commonly covers operating results, segment performance, assets under management and administration, retirement and protection strategies, investment management services, and advisory relationships with individual, institutional and private wealth clients.
Recurring updates also include capital actions such as common and preferred stock dividends, share repurchase authorizations and debt transactions. Equitable also publishes research on financial planning, retirement readiness, wealth transfer and advisor-client needs, reflecting the company's focus on retirement planning, wealth management, protection and risk management services.
Equitable Holdings, Inc. (NYSE: EQH) will announce its Q1 2022 financial results on May 9, 2022, after market close. A conference call to discuss these results is scheduled for May 10, 2022, at 9:00 a.m. ET. The call will be available on the investor relations website. Equitable Holdings is a financial services holding company managing approximately $908 billion in assets and servicing over 5 million clients globally. The company comprises Equitable and AllianceBernstein, focusing on financial advice and investment management.
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Equitable Holdings announced that its subsidiary, AllianceBernstein (AB), will acquire CarVal Investors, a global private alternatives investment manager with $14.3 billion in assets under management (AUM). The deal, worth $750 million, will enhance AB's private markets platform to nearly $50 billion in AUM. The acquisition is expected to generate synergies, strengthen AB's position in private credit, and maintain EQH's cash flow at $1.5 billion. The transaction is set to close in Q2 2022 and is neutral to EQH's earnings per share (EPS) in the short term.
Equitable Holdings, Inc. (NYSE: EQH) has declared a quarterly cash dividend of $0.18 per share of common stock, payable on March 7, 2022, to shareholders on record as of February 28, 2022. Additionally, the company announced dividends for its preferred stock series: $328.125 on Series A and $268.75 on Series C, both payable on March 15, 2022, to record holders as of March 4, 2022. Equitable has approximately $908 billion in assets under management, underscoring its strong financial position.
Equitable Holdings reported a significant financial turnaround for the full year 2021, achieving Non-GAAP operating earnings of $2.8 billion ($6.58 per share), a 32% increase year-over-year. The company experienced $25 billion in net inflows, driving Assets Under Management (AUM) up 12% to $908 billion. Despite a net loss of $439 million, improved performance in capital-light business segments and a new $1.2 billion share repurchase program for 2022 were highlighted. Total capital returned to shareholders reached $1.9 billion in 2021, demonstrating strong capital management actions.
Equitable Holdings, Inc. (NYSE: EQH) announced that Robin M. Raju, Senior Executive Vice President and CFO, will speak at the 2022 Credit Suisse Financial Services Forum on February 17, 2022, at 4:20 p.m. ET. Interested parties can access a live audio webcast on the Equitable Holdings Investor Relations website and should log in 15 minutes before the event. A recording will be available post-event. Founded in 1859, Equitable offers financial services and manages approximately $871 billion in assets, serving over 5 million clients.
Equitable Holdings Inc. (NYSE:EQH) has partnered with StudentLoan Tech, Inc. to launch a free eligibility calculator for the Public Service Loan Forgiveness (PSLF) program. This initiative aims to assist employees in the non-profit sector with managing student loan repayments as federal forbearance approaches its end on May 1, 2022. The tool estimates potential loan forgiveness and outlines application steps. Recent changes to PSLF have simplified applications and expanded eligibility, which could benefit more borrowers.
AllianceBernstein (AB) announced Noel Archard as the Global Head of ETFs and Portfolio Solutions, effective February 7, 2022. This new role aims to establish a global ETF business, with active ETF offerings planned for later in the year. Archard, with over 20 years of experience, will lead the initiative and report to Onur Erzan. The firm aims to create innovative solutions to meet evolving client needs, leveraging its investment capabilities. As of December 31, 2021, Equitable Holdings, Inc. (EQH) owned approximately 64.5% of AllianceBernstein.
Equitable Holdings, Inc. (NYSE: EQH) will release its financial results for Q4 and the full year of 2021 on February 10, 2022, after market close. A conference call to discuss the results is set for February 11, 2022, at 9:00 a.m. ET. The call will be available on the company's investor relations website. Equitable Holdings has about 12,000 employees and $871 billion in assets under management as of September 30, 2021, serving over 5 million clients globally.
Equitable Holdings, Inc. (NYSE: EQH) has partnered with Bestow to launch a new digital term life insurance product named Term-in-10. This offering utilizes Bestow's advanced technology to streamline the application process, allowing customers to secure coverage in about 10 minutes without a medical exam. The product is available exclusively through Equitable Advisors, aiming to enhance the customer experience and expand access to life insurance. Coverage amounts reach up to $1 million across flexible term options of 10, 15, and 20 years.