Sanford C. Bernstein & Co., also known as Bernstein, is a US financial research company which has been a subsidiary of Investment management firm AllianceBernstein since 2000. It is the sell-side research unit focusing on providing services to investment managers, but also has its own sales and support functions for private clients. The company is majority-owned through its parent by the French insurance company AXA.
Bernstein’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting. Bernstein also offers customized quantitative services and trading services. Bernstein has been consistently among the most highly ranked independent sell-side research teams, according to industry surveys conducted by third-party organizations. Bernstein provides bottom-up coverage and portfolio strategies supported by sophisticated quantitative tools. The Bernstein research brand is defined by their Blackbooks, reports that are known for their unbiased, in-depth company and industry forecasts.