Equitable Holdings, Inc.: Will Its Enhanced Strategic Focus on Wealth Management and Private Markets Pay Off?

Equitable Holdings’ second quarter earnings report for 2024 highlighted the company’s strategic financial performance and growth initiatives. Non-GAAP operating earnings reached $494 million, translating to $1.43 per share, a 23% increase year-over-year. Adjusted for non-recurring items, the earnings per share stood at $1.52, surpassing the annual growth target. The company experienced an 11% increase in assets under management, reaching $986 billion, driven by strong market conditions and net inflows across various divisions.