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AB Relative Value Fund - A

CABDX · NASDAQ

Market closed$7.37$-0.030000 (-0.41%)

Key statistics

Previous close$7.40
Open$7.37
Day high$7.37
Day low$7.37
52-week high$7.40
52-week low$6.37
Market cap1.89B
Volume—
Average volume—
P/E ratio—
Forward P/E—
EPS—
Dividend yield0.00%

Market context

Why it moved

CABDX edged lower amid subdued trading activity, with minimal volume suggesting limited investor interest and slight selling pressure driving the modest decline.

Fintel

What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026AB Relative Value Fund - A (CABDX) closed essentially unchanged, holding near its 52-week high of $7.40, as the broader financial services sector navigated a mixed session. The fund's stability reflects a constructive backdrop for asset managers, with Finance sector Q2 earnings up over 30% year-over-year and major institutions like BlackRock, BNY, and Goldman Sachs all beating estimates. However, sentiment was tempered by a tech-led selloff and geopolitical uncertainty tied to the Middle East conflict, which weighed on risk appetite late in the week. AllianceBernstein's own research flagged growing market divergence, with AI-driven concentration creating potential opportunity in relative value strategies beyond mega-cap leaders.

0.1359

July 16, 2026AB Relative Value Fund - A edged higher, touching a new 52-week high of $7.40, as its financial services focus benefited from a broadly constructive backdrop for the sector. Q2 earnings from major Wall Street banks—including Goldman Sachs, JPMorgan, Bank of America, and Citigroup—surged on record trading revenues and the strongest dealmaking environment in years, with Finance sector Q2 earnings tracking +30% year-over-year. The iShares U.S. Financial Services ETF (IYG) also hit a fresh 52-week high, reflecting broad momentum in financial assets that supports the relative value strategies managed by AllianceBernstein.

0.5435

July 15, 2026AB Relative Value Fund closed modestly lower as the broader financial services sector saw mixed performance despite a blockbuster Q2 earnings season for major asset managers and Wall Street banks. BlackRock surpassed Q2 forecasts with EPS of $13.91 and its iShares unit hit $6 trillion in AUM, while Goldman Sachs, JPMorgan, Morgan Stanley, and BofA all posted strong results fueled by record trading revenue and surging M&A activity. However, Natixis strategists note that 82% of investors favor growth over value in H2 2026, a headwind for relative value-oriented strategies, even as over half believe private credit concerns have been overstated.

-0.5405

July 14, 2026AB Relative Value Fund - A (CABDX) edged slightly lower, closing near but just off its 52-week high of $7.40, as the broader financial services sector navigated a mixed session. Wall Street banks delivered blockbuster Q2 earnings — JPMorgan posted its highest-ever quarterly profit, Goldman Sachs surpassed estimates on a trading and dealmaking surge, and Wells Fargo beat on both revenue and EPS — yet the XLF financial sector ETF pulled back modestly in after-hours trading. Morningstar notes financial stocks have underperformed the broader market over the past year amid concerns about AI disruption and cracks in private credit, factors that continue to weigh on asset management-focused funds like CABDX despite the strong macro earnings backdrop.

-0.5405

July 9, 2026AB Relative Value Fund closed modestly lower, slipping near its 52-week high, as the broader financial services sector navigated a turbulent macro backdrop. Renewed U.S.-Iran hostilities after President Trump declared the interim ceasefire "over" sent oil prices surging and rekindled inflation fears, pushing Treasury yields higher and prompting investors to reassess rate expectations—headwinds for asset managers dependent on stable markets. Meanwhile, Q2 bank earnings season kicks off July 14 with JPMorgan and peers, with S&P 500 profits forecast up ~24% year-over-year, offering a potentially supportive backdrop for relative value strategies.

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July 8, 2026AB Relative Value Fund - A (CABDX) edged lower as the broader financial services sector faced headwinds from a sharp risk-off shift in markets. Oil surged over 5% after President Trump declared the U.S.-Iran peace framework 'over,' rekindling geopolitical fears and inflation concerns ahead of the Fed's June meeting minutes. The XLF financial sector ETF also pulled back during the session, reflecting broad pressure on asset managers and financials as rising Treasury yields and macro uncertainty weighed on investor sentiment entering Q2 bank earnings season.

-0.8108

June 30, 2026AB Relative Value Fund - A edged up on the final trading day of the first half of 2026, touching a new 52-week high, as the broader financial services sector navigated a mixed session. Positive macro tailwinds — including the S&P 500 on pace for its best quarterly performance since the pandemic recovery, easing geopolitical tensions following a fragile U.S.-Iran ceasefire, and a Supreme Court ruling preserving Fed independence — supported sentiment across asset management. However, the sector faced headwinds from Oppenheimer's downgrades of major investment banks including Goldman Sachs and Morgan Stanley, which weighed on XLF.

0.6878

June 24, 2026AB Relative Value Fund - A (CABDX) edged down modestly, closing at $7.24, as the broader financial services sector navigated a turbulent week marked by a tech-led market sell-off and shifting rate expectations. The XLF sector ETF held relatively steady in after-hours trading, while the S&P 500 pulled back from recent highs amid lingering AI valuation concerns. BlackRock, a major peer in asset management, declined over 3% on the day as broad equity market volatility pressured fee-dependent managers. Meanwhile, the Federal Reserve's annual bank stress test released June 24 confirmed resilience across major banks, offering some stability to financial sector sentiment even as rate-hike expectations grew.

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Peers

S&P 500SPX · $7,457.69-1.01%Baron Discovery Fund Retail SharesBDFFX · $35.95-0.58%Baron Discovery Fund Institutional SharesBDFIX · $37.17-0.59%Columbia Small Cap Value Fund I Institutional 3 ClassCSVYX · $61.48-0.84%FAM Value Fund Investor ClassFAMVX · $106.37-0.96%Gabelli Small Cap Growth Fund (The)GABSX · $51.14-0.99%The Gabelli Small Cap Growth Fund Class IGACIX · $53.58-0.98%American Funds Preservation Portfolio Class F-1PPVFX · $9.41-0.11%SEI Institutional Investments Trust Dynamic Asset Allocation Fund Class ASDLAX · $20.76-1.05%Value Line Mid Cap Focused Fund, Inc.VLIFX · $34.12-0.55%