Prudential Financial, Inc. (PRU) is slated to report fourth-quarter 2023 earnings on Feb 6, after market close. PRU delivered a positive earnings surprise in the last reported quarter.Factors to ConsiderThe U.S. business is likely to have benefited from higher spread income, including more favorable variable investment income and lower expenses. The upside is expected to have been partially offset by lower fee income and the increase in earnings in International businesses, which primarily reflected higher ...

Prudential (PRU) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 6 ...

NEWARK, N.J.--(BUSINESS WIRE)--Historically Black colleges and universities (HBCUs) are a critical learning path for Black students seeking quality higher education in the United States. Yet, these institutions face systemic challenges in accumulating substantial endowments, a crucial factor for ensuring institutional stability and growth. A new study launched by UNCF (United Negro College Fund) and PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), explores these challeng ...

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) is collaborating with Fidelity Investments™ to address growing demand among consumers for a workplace retirement plan option that will convert participants’ retirement savings into a protected stream of income. Prudential recently launched Prudential SimplyIncomeSM — a new single-premium immediate annuity, or SPIA — within employer-based retirement plans administered by Fidelity Investments. Prudential is one of four insurers on Fideli ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they ...

NEWARK, N.J.--(BUSINESS WIRE)--Rutgers basketball has a new partner on the bench this season: Prudential Financial, Inc. (NYSE: PRU). The global financial services company has signed on as the men’s and women’s basketball program’s presenting sponsor and will also provide access to financial education and funded investment accounts for domestic Rutgers student-athletes in a variety of sports. “Thanks to the power of compound interest, investing money in your 20s can provide millions by retirement age, pa ...

Poca Wander Stock Prudential Financial (NYSE:PRU) offers an interesting dividend yield, but its shares aren’t undervalued right now, as the company’s relatively weak growth prospects justify its current valuation. Business Overview Prudential Financial is an insurance company providing a diversified set of products and services, including life insurance, annuities, retirement products, mutual funds and investment management services. It’s present in over 50 countries across the globe and has about 50 mi ...

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) will release its fourth quarter 2023 earnings on Tuesday, February 6, 2024, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com. Members of Prudential’s senior management will host a conference call on Wednesday, February 7, 2024, at 11:00 a.m. ET to discuss with the investment community the company’s four ...

Prudential Financial, Inc. (PRU) has been gaining momentum on the back of higher emerging markets earnings, improved spread income, favorable underwriting and a solid financial positionZacks Rank & Price PerformancePrudential Financial currently carries a Zacks Rank #3 (Hold). Over the past six months, the stock has gained 16.9% compared with the industry’s rise of 11.4%.Image Source: Zacks Investment ResearchReturn on EquityPRU’s return on equity of 16% expanded 583 basis points year over year. This shows ...

Core Insights - Prudential Financial Inc.'s asset management arm, PGIM, has launched two new buffer ETF series aimed at providing limited downside risk to investors during market uncertainty [1][2] - The introduction of these ETFs is expected to enhance PGIM's asset management fees and contribute to growth in assets under management [2] - PGIM's investment strategies have shown strong performance, with over 80% of its assets under management outperforming their benchmarks over the past five and ten years [2] Group 1: Product Launch and Features - PGIM has launched the PGIM U.S. Large-Cap Buffer 12 ETF and PGIM U.S. Large-Cap Buffer 20 ETF, which offer exposure to an ETF tracking the S&P 500 Index with embedded buffer options of 12% and 20% [1][3] - These buffer ETFs limit upside potential to a predetermined level while providing downside protection against the first 12% or 20% of losses over one year, making them attractive for investors seeking less volatility [3] Group 2: Financial Outlook and Performance - The asset management fees are expected to grow due to an anticipated 2.2% year-over-year increase in assets under management and administration in 2023 [2] - PGIM's investment strategies have yielded positive results, with 83% of its assets exceeding benchmarks in the one-year period [2] - The uneven global economic conditions are expected to drive demand for products that offer downside protection as the market approaches 2024 [2] Group 3: Market Performance - Prudential's shares have increased by 14.7% over the past three months, outperforming the industry growth of 12.3% [4]