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Prudential Financial ( (PRU) ) has provided an announcement.
Prudential Financial, Inc. disclosed preliminary financial results for the quarter ended December 31, 2024, indicating that its alternative investment income exceeded near-term expectations by $10 to $30 million. The company also made voluntary revisions to its historical adjusted operating income for previous quarters due to an immaterial error, resulting in a decrease in after-tax adjusted operating income by $115 million for the nine months ended September 30, 2024. These revisions did not affect the company’s GAAP net income or cash flows, maintaining its financial stability.
More about Prudential Financial
Prudential Financial, Inc. operates in the financial services industry, focusing on investment management, insurance, and retirement solutions. It is known for its comprehensive range of services including asset management through its PGIM segment, which had $1.38 trillion in assets under management as of December 31, 2024.
YTD Price Performance: -0.56%
Average Trading Volume: 1,448,182
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $41.87B
For detailed information about PRU stock, go to TipRanks’ Stock Analysis page.
