February 20, 2018

Treasury $258 billion bond sale and Fed response to inflation earn attention

With the intense spark of higher volatility seemingly behind us — at least for now — investors are looking ahead at the possibility of four interest rate hikes this year rather than the presumed three telegraphed by the Federal Reserve last year, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

February 14, 2018

PGIM Real Estate exceeds $14 billion in 2017 transactions worldwide

NEW YORK, Feb. 14, 2018 – PGIM Real Estate completed more than $14 billion in transactions worldwide in 2017 on behalf of institutional investors, including investments in real estate equity and debt and property dispositions.

February 12, 2018

Prudential Financial named one of the World’s Most Ethical Companies by the Ethisphere Institute for fourth consecutive year

NEWARK, N.J., February 12, 2018 - Prudential Financial, Inc. (NYSE:PRU) has been named a 2018 World’s Most Ethical Company® by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. This is the fourth consecutive year that Prudential has received this recognition, which is bestowed on organizations that demonstrate a culture of ethics and transparency at every level.

February 12, 2018

PGIM Real Estate Finance provides nearly $15 billion in financing in 2017

NEWARK, N.J., Feb. 12, 2018 – PGIM Real Estate Finance originated $14.8 billion in financing in 2017 led by production in multifamily and industrial lending. PGIM Real Estate Finance is the commercial mortgage finance business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

February 12, 2018

Is this the bottom? Market eyes inflation, possible forced selling, and earnings data

Following a harrowing week in global markets, the ability of the market to defend its 200-day moving average and close in the green on a Friday were net positives for the investor psyche, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

February 09, 2018

PGIM Real Estate sells Rock Square in Guangzhou, China

HONG KONG, Feb. 9, 2018 – PGIM Real Estate has sold Rock Square, a shopping mall in Guangzhou, China, on behalf of institutional investors. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

February 07, 2018

Prudential Financial, Inc. Announces 2017 Results

NEWARK, N.J., February 07, 2018 - Prudential Financial, Inc. (NYSE:PRU) today reported year end and fourth quarter results. Net income attributable to Prudential Financial, Inc., was $7.863 billion ($17.86 per Common share) for the year ended December 31, 2017, compared to $4.368 billion ($9.71 per Common share) for the year ended December 31, 2016. After-tax adjusted operating income was $4.652 billion ($10.58 per Common share) for 2017, compared to $4.107 billion ($9.13 per Common share) for 2016.

February 06, 2018

Top youth volunteers of 2018 honored nationwide

WASHINGTON, D.C., Feb 6, 2018 – Many are fighting hunger in their local communities. Some created programs that encourage young women to consider STEM careers. Others are leading initiatives to support people with physical or intellectual disabilities. Those are just some stories of the 102 youth volunteers – two from each state and the District of Columbia – who today were named State Honorees by The Prudential Spirit of Community Awards...

February 05, 2018

Prudential Financial and Scottish Widows reach first longevity reinsurance agreement

NEWARK, N.J., February 05, 2018 - The Prudential Insurance Company of America (PICA) a Prudential Financial, Inc. company (NYSE:PRU), and Scottish Widows Limited, a subsidiary of Lloyds Banking Group plc, agreed to their first-ever longevity reinsurance agreement. PICA has assumed the longevity risk for approximately $1.8 billion (£1.3 billion) of annuity liabilities held by Scottish Widows.

February 05, 2018

Quincy Krosby: Markets Start Week in the Red After Hourly Wages, Treasury Yields Rise

Good news for Main Street was bad news for Wall Street on Friday as average hourly earnings surprised to the upside, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. Treasury yields climbed higher, igniting fears that the Federal Reserve would be forced to raise rates at a quicker pace.