November 27, 2017

Quincy Krosby: Incoming Fed Chair confirmation hearing, Yellen testimony, tax reform among market movers

Jerome Powell’s Federal Reserve chairman confirmation hearing will be followed by investors and traders as he explains how he would handle an economic crisis and why he thinks inflation remains stubbornly low, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

November 22, 2017

In open letter, Prudential appeals to corporate leaders on financial wellness

Nearly six in every 10 American workers are stressed about their current financial situation—and Prudential is calling on all U.S. employers to do something about that stress.

November 21, 2017

Prudential Financial, Inc. Announces Private Exchange Offers of Certain Outstanding Notes for New Notes

NEWARK, N.J.--(BUSINESS WIRE)--Nov. 21, 2017-- Prudential Financial, Inc. (the “Company�) (NYSE: PRU) announced today the commencement of offers to certain eligible holders (together, the “Exchange Offers�) of the Company's Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below (collectively, the “Existing Notes�) to exchange Pool 1 Existing Notes for consideration consisting of up to $650,000,000 aggregate principal amount of the Company's new notes due 2047 (the “New 2047 Notes�) and to exchange Pool 2 Existing Notes for consideration of up to $650,000,000 aggregate principal amount of the Company's new note...
November 21, 2017

Prudential Financial, Inc. Announces Private Exchange Offers of Certain Outstanding Notes for New Notes

NEWARK, N.J.--(BUSINESS WIRE)--Nov. 21, 2017-- Prudential Financial, Inc. (the “Company”) (NYSE: PRU) announced today the commencement of offers to certain eligible holders (together, the “Exchange Offers”) of the Company’s Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below (collectively, the “Existing Notes”) to exchange Pool 1 Existing Notes for consideration consisting of up to $650,000,000 aggregate principal amount of the Company’s new notes ...

November 21, 2017

Prudential Financial, Inc. Announces Private Exchange Offers of Certain Outstanding Notes for New Notes

NEWARK, N.J., Nov. 21, 2017 - Prudential Financial, Inc. (the “Company”) (NYSE: PRU) announced today the commencement of offers to certain eligible holders (together, the “Exchange Offers”) of the Company’s Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below...

November 20, 2017

Quincy Krosby: Economic data releases mark Thanksgiving-shortened trading week

In a holiday-shortened trading week, there is still important data for the market to digest, including the index of leading economic indicators, existing home sales, durable goods orders and minutes from the latest Federal Reserve meeting, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

November 14, 2017

Prudential Financial Declares Quarterly Dividend on Common Stock

NEWARK, N.J.--(BUSINESS WIRE)--Nov. 14, 2017-- Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $0.75 per share of Common Stock, payable on December 14, 2017, to shareholders of record at the close of business on November 27, 2017. Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of September 30, 2017, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees are committed to helping individual and institutional customers grow and protect ...
November 13, 2017

PGIM Investments names new global chief marketing officer

NEWARK, N.J., Nov. 13, 2017 - PGIM Investments has named Sheri Taylor Gilchrist global chief marketing officer, charged with helping to drive the company’s strategy to expand globally. PGIM Investments is the global fund manufacturer of PGIM, the $1 trillion global investment businesses of U.S.-headquartered Prudential Financial, Inc. (NYSE: PRU).

November 13, 2017

Quincy Krosby: Market will focus on inflation, retail sales, consumer sentiment and tax reform headlines

There is much for the market to absorb this week, particularly on inflation data, retail sales and consumer confidence, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. 

November 09, 2017

Prudential, PIC Reach $1.2 Billion Longevity Reinsurance Agreement

NEWARK, N.J., Nov. 09, 2017 - Prudential Retirement, a unit of Prudential Financial, Inc. (NYSE:PRU), and Pension Insurance Corporation (PIC), have entered into their fifth longevity reinsurance transaction since 2015. In the agreement, The Prudential Insurance Company of America assumes the longevity risk for $1.2 billion (about £900 million) in pension liabilities, covering approximately 4,000 pensioners across four pension schemes.