In the last quarter it reported $1.56 EPS, failing to meet analyst estimates of $1.71.The consensus EPS estimate is $1.55 based on 19 analysts' estimates, down from $1.71 a year ago. Revenue estimates are $10.63B, up from $10.15B a year ago. The median target price by analysts for the stock is $65.50.
Prudential Financial Latest News
On June 19, 2012, Reuters reported that The Bank of New York Mellon Corporation will compensate Prudential Financial, Inc after the insurer complained about the pricing of its foreign exchange transactions, according to a recent court filing by the U.S. Justice Department.
On June 12, 2012, Prudential Financial, Inc announced that its Board of Directors has authorized the repurchase of up to $1.0 billion of its outstanding Common Stock during the period from July 1, 2012 through June 30, 2013.
On May 18, 2012, Reuters reported that Manulife Financial Corp, Metlife Inc and Prudential Financial Corp are among suitors expected to place first round bids on Friday to buy ING Groep's Asia life insurance unit in a deal worth about $6.5 billion to $7 billion, sources familiar with the matter said.
On March 26, 2012, Reuters reported that insurers including MetLife, Inc. and Manulife Financial Corp are hiring banks to advise them on a potential purchase of the Asian insurance and asset management arms of ING Groep NV. MetLife has hired Credit Suisse.
On February 17, 2012, Prudential Real Estate Investors (PREI) and Greystar announced that they have formed a joint venture to develop a 200-unit Class-A, mid-rise luxury apartment community in downtown Charleston, S.C. PREI is the real estate investment management and advisory business of Prudential Financial, Inc.. PREI is acting on behalf of German investors.
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