Assets under management rose 10% yr/yr to $1.2 trillion
Result drivers
Net inflows - Company said positive net inflows in Retirement, Wealth Management, and Asset Management segments contributed to growth.
Favorable markets - Company attributed record assets under management to positive flows and favorable market conditions.
Fee-based revenue - Retirement segment operating earnings rose mainly due to higher fee-based revenue and a lower tax rate.
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
EQH•
