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NEW YORK - Equitable Holdings, Inc. (NYSE:EQH) reported mixed first quarter 2025 results, with earnings per share falling short of estimates but revenue exceeding expectations.
The financial services company posted adjusted earnings of $1.35 per share, missing the analyst consensus of $1.60 by $0.25. However, revenue came in at $4.58 billion, surpassing the $3.93 billion estimate.
Equitable Holdings saw positive net flows across its business segments in Q1. The Retirement division reported net inflows of $1.6 billion, while Wealth Management had advisory net inflows of $2.0 billion. Asset Management recorded net inflows of $2.4 billion.
"We continue to see strong organic growth momentum across our businesses," said Mark Pearson (LON:PSON), President and CEO of Equitable Holdings. "Times like this only heighten the need for the retirement and investment advice that we provide."
The company returned $335 million to shareholders during the quarter through dividends and share repurchases. Equitable also announced plans to increase its quarterly dividend from $0.24 to $0.27 per share in Q2.
Total (EPA:TTEF) assets under management/administration stood at $1.0 trillion as of March 31, 2025, up 3% YoY.
Equitable maintained a robust balance sheet with a combined NAIC RBC ratio of approximately 425% and $1.1 billion in holding company liquidity at quarter-end.
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