Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Prudential Financial Inc    PRU   US7443201022

News SummaryMost relevantAll newsSector news 

Prudential Financial Inc : Prudential Gives Slightly Cautious Earnings View for Next Year

11/07/2013 | 11:17am US/Eastern
   By Tess Stynes 

Prudential Financial Inc. (PRU) provided a slightly cautious earnings projection for next year ahead of its conference call Thursday to discuss its third-quarter earnings report.

Prudential forecast in a regulatory filing per-share earnings of $8.75 to $9.25 for the coming year, while analysts polled by Thomson Reuters most recently expected per-share profit of $9.09.

The insurer reported late Wednesday swinging to a profit in the latest quarter, as the company benefited from fewer net investment losses and other items.

The insurer recently ended its challenge to federal regulator's efforts to place it under increased oversight. Prudential had fought a decision earlier this year by the Financial Stability Oversight Council designating the company as a nonbank "systemically important financial institution," arguing the company doesn't pose a risk to the financial system.

The "SIFI" designation is an outgrowth of the 2010 Dodd-Frank financial-crisis law. The label brings Prudential under the oversight of the Federal Reserve and could force the Newark, N.J., insurer to keep significantly more capital on hand, among other things. Prudential has said it plans to continue to work with the Fed and other regulators to develop a package of oversight rules that "take into account the differences between insurance companies and banks." U.S.insurers historically have been regulated by state insurance departments.

The company is expected to provide more details about its third-quarter financial results and its 2014 guidance during a conference call set for Thursday at 11 a.m. New York time.

Shares were at $85 recently, up 3.9%. The stock has risen 59% this year.

Write to Tess Stynes at

React to this article
01:30a PRUDENTIAL FINANCIAL : Finds that Americans Lack Financial Resources to Handle E..
01:30a PRUDENTIAL FINANCIAL : Americans Don't Have Financial Resources to Manage Emerge..
03/05 PRUDENTIAL FINANCIAL : named one of the “Top 50 Companies for Executive Wo..
03/04 PRUDENTIAL FINANCIAL : Project Math Minds™ Competition Showcases the Actua..
03/03 PRUDENTIAL FINANCIAL : Agricultural Investments : expands originations team
03/03 PRUDENTIAL FINANCIAL : Americans lack financial resources to handle emergencies
03/03 PRUDENTIAL FINANCIAL : -Adopting smart practices can help you navigate tax seaso..
03/02 PRUDENTIAL FINANCIAL : Thought Leader of the Week: Christine Marcks
02/26 PRUDENTIAL FINANCIAL : Short Duration High Yield Fund, Inc. and Global Short Dur..
02/25 PRUDENTIAL FINANCIAL : to host 2015 Financial Strength Symposium
Duration : Period :
Prudential Financial Inc Technical Analysis Chart | PRU | US7443201022 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes