earnings
confidence high
sentiment neutral
materiality 0.70
Equitable Holdings Q3 net loss $134M; operating EPS $1.53 (+34% YoY); record $1T AUM
Equitable Holdings, Inc.
2024-Q3 EPS reported
$1.08
revenue$8,816,000,000
- Net loss of $134M ($0.47 loss per share); Non-GAAP operating earnings $501M ($1.53/share).
- Record assets under management/administration of $1.0T, up 20% YoY.
- Retirement net inflows $1.7B; Wealth Mgmt record advisory net inflows $1.9B; Asset Mgmt $1.1B.
- Returned $330M to shareholders (65% payout ratio); 2024 cash generation expected at high end of $1.4-1.5B guidance.
- Non-GAAP operating EPS up 34% YoY; 22% excluding notable items.