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Stock impact report

Equitable Holdings Announces Preliminary First Quarter 2020 Results

Equitable Holdings, Inc. (EQH) 
Last equitable holdings, inc. earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: Business Wire
Net income expected to be in the range of $5.2 billion to $5.4 billion for the first quarter of 2020; Non-GAAP operating earnings1 expected to be in the range of $500 million to $515 millionGAAP hedge gains more than offset realignment of long-term interest rate from 3.45% to 2.25%Economic hedging program performed as expected, resulting in gross gains of c. $12 billionStrong liquidity position, with cash and liquid assets of c. $1 billion at Holdings, above our $500 million target, and c. $7 billion at Equitable LifeCombined RBC ratio of 450-500%, well in excess of 375-400% minimum target and CTE98Delivering on capital management program: $274 million returned to shareholders NEW YORK--(BUSINESS WIRE)--Equitable Holdings, Inc. (“Equitable Holdings”, “Holdings”, or the “Company”) (NYSE: EQH) today announced preliminary first quarter financial results, including an update on the Company’s capital and liquidity positions and balance sheet strength. The Company will release its full f Show less Read more
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