May 04, 2017

Quincy Krosby: Tug of War

The market “tug of war” seems at times to reflect an intense political battle ongoing in the U.S. Capitol. The econmic data calendar, an incessant parade of Federal Reserve speakers, and the release of earnings and guidance should help keep the market’s attention on something other than political sausage making. Prudential's Quincy Krosby says market valuations, however, need to see the president pivot successfully toward tax reform and demonstrate that he can deliver the legislation. This would be a win, not only for the markets--and for the country at large.
 

May 03, 2017

Prudential Financial, Inc. announces first quarter 2017 results

NEWARK, N.J., May 3, 2017 – Prudential Financial, Inc. (NYSE: PRU) today reported first quarter results. Net income attributable to Prudential Financial, Inc., was $1.369 billion ($3.09 per Common share) for the first quarter of 2017, compared to $1.336 billion ($2.93 per Common share) for the first quarter of 2016. After-tax adjusted operating income was $1.237 billion ($2.79 per Common share) for the first quarter of 2017, compared to $997 million ($2.18 per Common share) for the first quarter of 2016. 
May 01, 2017

Prudential Annuities offers new benefit to secure financial legacy

NEWARK, N.J., May 1, 2017 - Prudential Annuities, the domestic annuity business for Prudential Financial, Inc. (NYSE: PRU) today launched Legacy Protection Plus, a new optional enhanced death benefit available on Prudential’s Premier Retirement variable annuities. Legacy Protection Plus is designed to help protect, grow and transfer wealth, creating a legacy for beneficiaries.
April 27, 2017

PGIM Real Estate raises more than £1b for European private real estate debt fund

LONDON, April 27, 2017 - PGIM Real Estate has completed a capital raise exceeding £1 billion for PRECap VI (Pramerica Real Estate Capital VI), surpassing its fundraising target. PRECap VI is the largest fund in a series dedicated to investing in private real estate debt in Europe.
April 27, 2017

Prudential employee volunteers donate time worth $1 million to communities they serve

Prudential’s support of volunteerism has resulted in employees donating more than 69,000 hours of service in 2016, an increase of 36 percent over the prior year. Last year alone, Prudential’s volunteerism resulted in nearly $1 million in value to communities.

April 26, 2017

Prudential names Lucien Alziari chief human resources officer

NEWARK, N.J., April 26, 2017 - Prudential Financial, Inc. (NYSE:PRU) announced Lucien Alziari will join Prudential on June 5 as senior vice president and chief human resources officer, succeeding Sharon Taylor, who has informed the company of her decision to retire after more than 40 years of distinguished service.
January 23, 2017

Historic Newark, N.J., landmark gets a makeover

Newark, N.J., has welcomed back its iconic Hahne & Co. Building, which sat abandoned for nearly three decades, thanks to a $174 million redevelopment project.