Equitable Holdings (EQH) Declines 11% Despite Q2 Earnings Beat
EQHEquitable(EQH) ZACKS·2024-08-14 01:50

Equitable Holdings, Inc. (EQH) shares fell 10.9% since it reported second-quarter 2024 results on Jul 30, 2024, after the closing bell. Its strong second-quarter earnings benefited on the back of higher AUM/A, growth in spread income and fee-based revenues.Improved performance in Wealth Management and asset management were major tailwinds. However, the upside was partly offset by an elevated overall expense level.EQH reported second-quarter 2024 adjusted earnings per share (EPS) of $1.43, which outpaced the ...