Equitable vs T. Rowe Price

10-Q Financial Filing Analysis for Equitable (2026-08-06)

Equitable Holdings, Inc. reported its second-quarter 2026 financial results, posting total revenues of $1.66 billion for the quarter ended June 30, 2026, compared to $2.36 billion in Q2 2025, driven by market-related derivative impacts. For the first six months of 2026, total revenues reached $5.89 billion, generating net income available to common shareholders of $141 million ($0.50 per diluted share), recovering from a net loss of $318 million in the prior-year period. Total assets expanded to $334.66 billion, underpinned by $143.01 billion in Separate Accounts assets and $125.85 billion in total investments. Key strategic progress includes shareholder approval on July 30, 2026, for the pending all-stock merger with Corebridge Financial, Inc., which remains on track to close by year-end 2026.

• Shareholders of both Equitable and Corebridge approved the all-stock merger on July 30, 2026, with the transaction expected to close by year-end 2026.
• For the six months ended June 30, 2026, total revenues reached $5.888 billion with net income attributable to Holdings of $168 million ($0.50 diluted EPS), compared to a net loss of $286 million in H1 2025.
• Total balance sheet assets expanded to $334.657 billion as of June 30, 2026, supported by $125.851 billion in total investments and $143.006 billion in Separate Accounts assets.

8-K Financial Filing Analysis for Equitable (2026-09-25)

Equitable Holdings, Inc. disclosed a leadership succession plan at its subsidiary, AllianceBernstein (AB). Seth Bernstein will retire as CEO of AB and Head of Asset Management of Equitable Holdings effective March 31, 2027, continuing to serve on the AB Board of Directors. Onur Erzan, currently AB President and Head of Global Private Alternatives, has been named President and CEO of AB and will join its Board of Directors effective April 1, 2027, with a fiscal year 2027 target compensation of $13.5 million. Additionally, the filing details the voting results of Equitable's Annual Meeting of Stockholders held on September 23, 2026, where shareholders elected nine directors, ratified PricewaterhouseCoopers LLP as independent auditor for 2026, and approved executive compensation on an advisory basis.

• Seth Bernstein to retire as AllianceBernstein CEO and EQH Head of Asset Management on March 31, 2027, receiving a $2.5 million AB Holding Unit LTIP grant, a $1.0 million EQH LTIP award, and $325,000 in salary continuation.
• Onur Erzan appointed President and CEO of AllianceBernstein effective April 1, 2027, with a 2027 target total compensation of $13.5 million ($650,000 base salary, $5.8 million cash bonus, and equity awards totaling $7.05 million).
• Stockholders approved all three proposals at the September 23, 2026 Annual Meeting: election of 9 directors, ratification of PwC for fiscal 2026, and advisory approval of named executive officer compensation.

Equitable expands retirement plan offering with introduction of Retirement Milestones℠ T. Rowe Price Series

Equitable announced the introduction of the Retirement Milestones℠ T. Rowe Price Series, the first target-date investment option available through Retirement Milestones, a new series of collective investment trust (CIT) solutions in collaboration with strategic investment managers.

10-Q Financial Filing Analysis for T. Rowe Price (2026-07-31)

T. Rowe Price reported strong second-quarter 2026 financial results, with net revenues rising 10.7% year-over-year to $1.91 billion and net operating income expanding 13.0% to $540.5 million. Growth was driven by an 11.3% increase in investment advisory fees to $1.74 billion, bolstered by higher market valuations that lifted average Assets Under Management (AUM) by 15.7% to $1.84 trillion. Ending AUM reached $1.89 trillion, supported by $190.2 billion in net market appreciation despite $6.5 billion in net client outflows during the quarter. Operating expenses increased 9.8% to $1.37 billion, largely due to higher compensation expenses tied to market valuation increases on deferred compensation liabilities, partially offset by ongoing cost-discipline initiatives. Net income attributable to T. Rowe Price Group rose 25.1% to $632.0 million ($2.88 diluted EPS). The firm maintained robust liquidity of $6.99 billion across cash and product investments while returning $1.07 billion to shareholders through dividends and share repurchases in the first half of 2026.

• Net revenues for Q2 2026 reached $1.907 billion, up 10.7% YoY, while net income attributable to the company grew 25.1% to $632.0 million ($2.88 per diluted share).
• Assets Under Management (AUM) reached $1.893 trillion as of June 30, 2026, benefiting from $190.2 billion in quarterly net market appreciation against $6.5 billion in net client outflows.
• Capital return remained aggressive with $1.070 billion returned to shareholders in H1 2026 ($572.3 million in dividends and $497.5 million in share repurchases).