Equitable Holdings Is A Hold, Expecting Successful Integration With Corebridge After Merger
Equitable Holdings has received a hold rating as it anticipates a successful merger with Corebridge Financial. The merger, valued at $22 billion, is expected to enhance earnings growth and cash generation. Key risks associated with the merger include integration and execution challenges.
- ▪Equitable Holdings is projected to achieve at least 10% EPS accretion by the end of 2028 post-merger.
- ▪Both Equitable Holdings and Corebridge Financial have shown inconsistent earnings and revenue trends.
- ▪The merger aims to stabilize and improve earnings growth and cash generation.
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