Stock Blog Hub » PRU

(AIG) American International Group Upped to Neutral

vitalstocks — Sat, 14 Jan 2012 18:33:02 +0000

Last week, we upgraded our recommendation on American International Group Inc. (AIG) to Neutral from Underperform based on its improving capital flexibility. Besides, asset disposals and repayment of a chunk of debt appears to be favorable for the new stock buyback program. AIG reported third quarter operating loss per share of $1.60, which came in [...]

(AIG) American International Group Upped to Neutral

(LNC) Lincoln National Corporation Increases Dividend by 60%

vitalstocks — Sat, 12 Nov 2011 21:47:59 +0000

Despite basking in a modest third quarter, yesterday, the board of Lincoln National Corp. (LNC) has announced a significant 60% increase in its quarterly dividend to 8 cents per share from the previous pay out of 5 cents. The hiked dividend will be paid on February 1, 2012 to shareholders of record as on January [...]

(LNC) Lincoln National Corporation Increases Dividend by 60%

(AIG) American International Group Loss Soars on Weak Dynamics

vitalstocks — Sun, 06 Nov 2011 20:46:41 +0000

American International Group Inc. (AIG) reported third quarter operating loss per share of $1.60, which came in way higher than the Zacks Consensus Estimate of a loss of 8 cents and 84 cents reported in the year-ago quarter. Consequently, operating loss of $3.0 billion increased drastically from $114 million in the year-ago quarter. On a [...]

(AIG) American International Group Loss Soars on Weak Dynamics

(AIG) American International Group Dropped to Underperform

vitalstocks — Mon, 15 Aug 2011 13:59:37 +0000

We downgraded our recommendation on American International Group Inc. (AIG) to Underperform from Neutral based on the critical sustainability factor given the weak global cues, sluggish insurance dynamics and consistent cash outflow. Despite raising funds in the past few quarters and repaying a chunk of its debt, AIG is yet to attain capital flexibility. The [...]

(AIG) American International Group Dropped to Underperform

(AIG) American International Group Misses Expectations – Rebound to Come

vitalstocks — Mon, 08 Aug 2011 17:33:25 +0000

American International Group Inc. (AIG) reported second quarter operating earnings of 69 cents per share that lagged both the Zacks Consensus Estimate of $1.15 per share and $1.18 per share reported in the year-ago quarter, due to an additional 1.655 billion shares issued to the U.S. Treasury Department on January 14, 2011. However, operating income [...]

(AIG) American International Group Misses Expectations – Rebound to Come

(PRU) Prudential Financial Spins off Commodities Business Unit

vitalstocks — Wed, 06 Jul 2011 00:17:14 +0000

On Friday, Prudential Financial, Inc (PRU) announced the spin-off of its global commodities business unit to Jefferies Group Inc. (JEF) for $419.5 million. The transaction, which was announced back in April 2011, was valued at $419.5 million based on book value as of the closing date of the transaction. Prudential’s global commodities business consisted of [...]

(PRU) Prudential Financial Spins off Commodities Business Unit

(MET) Metlife to Add Turkish Unit

vitalstocks — Wed, 29 Jun 2011 16:45:14 +0000

According to media reports, Dexia SA will vend Deniz Emeklilik & Hayat AS, the insurance unit of Denizbank AS, Dexia’s bank in Turkey to Metlife Inc. (MET) for €161.9 million. Concurrently, France’s AXA is negotiating the distribution of property and casualty insurance on behalf of Deniz Bank. MetLife has grown its core businesses while successfully [...]

(MET) Metlife to Add Turkish Unit

(MCO) Prudential Financial Upgraded by Moody’s

vitalstocks — Mon, 27 Jun 2011 18:47:13 +0000

Last week, credit rating agency Moody’s Investors’ Service, a subsidiary of Moody’s Corp. (MCO), affirmed the debt rating of Prudential Financial Inc. (PRU) at “Baa2” and upgraded its outlook to positive from stable. Prudential has one of the best collections of businesses in the U.S. life insurance sector, with strong positions in high margin businesses [...]

(MCO) Prudential Financial Upgraded by Moody’s

(AIG) American International Group’s Nan Shan Deal Back on Track

vitalstocks — Thu, 16 Jun 2011 14:48:56 +0000

American International Group Inc.’s (AIG) $2.16 billion sale of its local unit, Nan Shan Life Insurance Co., has finally been sanctioned by Taiwan’s Financial Supervisory Commission (FSC). However, the sanction came with certain conditions. In January this year, AIG accepted the bid from Ruen Chen Investment Holding Co. Ltd. (Ruen Chen) in order to divest [...]

(AIG) American International Group’s Nan Shan Deal Back on Track

(AIG) American International Group Nan Shan Deal Back on Track

vitalstocks — Sat, 11 Jun 2011 14:22:52 +0000

(AIG) American International Group Nan Shan Deal Back on Track

(MET) MetLife Progresses with ALICO Results Included

vitalstocks — Mon, 09 May 2011 14:02:14 +0000

MetLife Inc. (MET) reported first quarter operating earnings per share of $1.33, exceeding the Zacks Consensus Estimate of $1.26 per share and $1.04 per share in the year-ago quarter. Operating earnings increased 64% year over year to $1.42 billion from $864 million in the year-ago period. During the reported quarter, operating earnings per share were [...]

(MET) MetLife Progresses with ALICO Results Included

(PRU) Prudential Financial Quarterly Estimates Top Analysts Expectations

vitalstocks — Mon, 09 May 2011 14:01:41 +0000

Prudential Financial Inc.’s (PRU) first quarter 2011 earnings of $1.69 per share topped the Zacks Consensus Estimate of $1.48 as well as the prior-year quarter’s earnings of $1.45 per share. Results were aided by solid performance in the company’s U.S. annuities and asset management businesses as well as its international insurance operations. Prudential reported revenues [...]

(PRU) Prudential Financial Quarterly Estimates Top Analysts Expectations

(AIG) American International Group Suffers From Catastrophe Losses

vitalstocks — Fri, 06 May 2011 22:30:54 +0000

American International Group Inc. (AIG) reported first quarter operating income of $2.03 billion or $1.30 per share, well ahead of the Zacks Consensus Estimate of a loss of 15 cents per share and earnings of $637 million or 95 cents per share in the year-ago quarter. On a GAAP basis, AIG reported a net income [...]

(AIG) American International Group Suffers From Catastrophe Losses

(AGN) Company News for May 5, 2011 – Corporate Summary

vitalstocks — Thu, 05 May 2011 13:56:48 +0000

• R.R. Donnelley & Sons (NYSE:RRD) reported Q1 EPS of $0.33, missing the Zacks Consensus Estimate of $0.36 per share. Revenues for the quarter rose 7% year-over-year to $2.58 billion, lower than the Zacks Consensus Estimate of $2.634 billion • The Williams Companies (NYSE:WMB) reported Q1 EPS of $0.36 ex-items today, slightly higher than the [...]

(AGN) Company News for May 5, 2011 – Corporate Summary

(AIG) American International Group to Sell Rail Unit

vitalstocks — Mon, 25 Apr 2011 15:25:35 +0000

Going ahead with its asset disposal strategy to repay the U.S. government bailout loan, yesterday American International Group Inc. (AIG) announced its decision to sell the company’s rail car leasing unit, AIG Rail Services Inc. to an affiliate of Perella Weinberg Partners for about $600 million. The deal is expected to be culminated by the [...]

(AIG) American International Group to Sell Rail Unit

(PRU) Prudential Financial Analyst Reiterates Shares at Neutral

vitalstocks — Tue, 29 Mar 2011 15:52:05 +0000

We are reiterating our Neutral recommendation on the shares of Prudential Financial Inc.(PRU). Prudential has one of the best collections of businesses in the U.S. life insurance sector, with strong positions in high margin businesses and a significant diversification. Despite the recent drag on revenues (for the past couple of years) owing to the economic [...]

(PRU) Prudential Financial Analyst Reiterates Shares at Neutral

(MET) MetLife Trys Again to Exit Taiwan

vitalstocks — Thu, 03 Mar 2011 15:34:45 +0000

On Monday, Thomson Reuters reported that MetLife Inc. (MET) may dispose of its insurance business in Taiwan by the end of April this year. Chinatrust Financial, Yuanta Financial and Mercuries Life Insurance were reported to have submitted bids to acquire the MetLife unit. However, details remain undisclosed and a final decision is expected in the [...]

(MET) MetLife Trys Again to Exit Taiwan

(AIG) American International Group Posts Slightly Smaller Loss Then Forecasted

vitalstocks — Mon, 28 Feb 2011 16:29:57 +0000

American International Group Inc. (AIG) reported fourth quarter operating loss of $2.21 billion or $16.20 per share, slightly below the Zacks Consensus Estimate of a loss of $16.98 per share but higher than the net loss of $1.34 billion or $9.88 per share in the year-ago quarter. On a GAAP basis, AIG reported a net [...]

(AIG) American International Group Posts Slightly Smaller Loss Then Forecasted

(LNC) Lincoln National Fourth Quarter Earnings Lag Forecast on Higher Charges

vitalstocks — Mon, 07 Feb 2011 17:11:03 +0000

Lincoln National Corporation’s (LNC) fourth quarter operating earnings per share of 82 cents came in way behind the Zacks Consensus Estimate of 88 cents and 90 cents recorded in the prior-year quarter. Results were primarily impacted by a charge of $41 million or 13 cents per share arising from litigation and settlement expenses. However, favorable [...]

(LNC) Lincoln National Fourth Quarter Earnings Lag Forecast on Higher Charges

($AIG) AIG Announces Sale of Japan-based Star & Edison Units

vitalstocks — Thu, 03 Feb 2011 17:22:34 +0000

After the successful completion on the recapitalization front last month, yesterday American International Group Inc. (AIG) announced the sale of its Japan-based AIG Star Life Insurance Co. (Star) and AIG Edison Life Insurance Co. (Edison) to Prudential Financial Inc. (PRU) for the agreed price of $4.8 billion. The sale price comprises cash payment of $4.2 [...]

($AIG) AIG Announces Sale of Japan-based Star & Edison Units

(AIG) American International Group Settles $146 Million Lawsuit

vitalstocks — Wed, 29 Dec 2010 21:25:47 +0000

Recently, American International Group Inc. (AIG) negotiated with the insurance regulators and settled a multi-state workers compensation probe for $146.5 million. This comprises about $100 million in fines and other penalties to resolve claims and about $46.5 million in additional taxes and assessments. The litigation was filed by the insurance regulators who alleged that AIG [...]

(AIG) American International Group Settles $146 Million Lawsuit

(AIG) American International Group to Sell Rail Unit – Fitch Rates Debt

vitalstocks — Thu, 23 Dec 2010 01:36:41 +0000

Going ahead with its asset disposal strategy to repay the U.S. government bailout loan, yesterday, American International Group Inc. (AIG) announced its intention to vend its rail-car leasing wing, AIG Rail Service Inc, according to Wall Street Journal. While the price of sale offering and other terms remain undisclosed, as of now, the offer has [...]

(AIG) American International Group to Sell Rail Unit – Fitch Rates Debt

(GNW) Genworth Financial Issues $400 Million in Senior Notes

vitalstocks — Tue, 07 Dec 2010 02:36:56 +0000

Genworth Financial Inc. (GNW) sold senior notes worth $400 million, bearing a coupon of 7.20% and maturing on February 15, 2021. The company increased the offer size from $300 million planned earlier. The company has offered these notes at 99.659% of face value to yield 7.25% if held till maturity. Rating agency Moody’s Investor Service [...]

(GNW) Genworth Financial Issues $400 Million in Senior Notes

(MCO) Moody’s Investors Service Rates Prudential’s Notes

vitalstocks — Tue, 07 Dec 2010 01:25:59 +0000

The rating agency Moody’s Investors Service, an arm of Moody’s Corp. (MCO), has conferred a “Baa2” rating to senior unsecured notes worth $1 billion issued recently by Prudential Financial Inc. (PRU). The rating holds an investment grade status and carries a “stable” outlook. These notes were issued in two parts – $500 million of 10-year [...]

(MCO) Moody’s Investors Service Rates Prudential’s Notes

(AIG) American International Group Moves to Loss on High Charges

vitalstocks — Mon, 15 Nov 2010 18:59:13 +0000

American International Group Inc. (AIG) reported third quarter operating loss of $200 million or $1.47 per share, dramatically behind the Zacks Consensus Estimate of $1.35 per share and operating income of $1.62 billion or $2.42 per share in the year-ago period. On a GAAP basis, AIG reported a net loss of $2.4 billion or $17.62 [...]

(AIG) American International Group Moves to Loss on High Charges

(LNC) Lincoln National Investors Get Early Christmas

vitalstocks — Sun, 14 Nov 2010 21:54:56 +0000

After successfully reconstructing its debt, Lincoln National Corp. (LNC) made yesterday eventful by outlining a number of ways to return wealth to shareholders, which includes a dividend hike, resumption of share repurchase program and redemption of preferred securities. The board of Lincoln has announced a significantly increased its quarterly dividend of 5 cents per share [...]

(LNC) Lincoln National Investors Get Early Christmas

(PRU) Prudential Financial to Buy AIG’s Japanese Life Insurance Units

vitalstocks — Fri, 12 Nov 2010 19:38:01 +0000

US insurer Prudential Financial Inc. (PRU) has commenced the offering of 18.4 million of its common shares at a price of $54.50 each. The net funds of $970 million from the issue would be used to finance part of the acquisition of American International Group Inc.’s (AIG) two Japanese life units – AIG Star Life [...]

(PRU) Prudential Financial to Buy AIG’s Japanese Life Insurance Units

(AIG) American International Group’s AIA IPO Raises $17.9 Billion

vitalstocks — Tue, 26 Oct 2010 04:51:41 +0000

On the back of strong demand and good positioning in the market, the American International Group Inc. (AIG) has raised $17.9 billion, as the company vended off the 58.4% stake in its Asian life-insurance unit, American International Assurance Group Ltd. (AIA) by offering 7.03 billion shares priced at HKD19.68 ($2.53) each. However, if the underwriters [...]

(AIG) American International Group’s AIA IPO Raises $17.9 Billion

(A) Company News for October 7, 2010 – Corporate Summary

vitalstocks — Thu, 07 Oct 2010 23:05:51 +0000

• PepsiCo (NYSE:PEP) reported third-quarter earnings of $1.22, in-line with expectations, on a 40% revenue jump to $15.5 billion, above projections of $15.4 billion. The firm also lowered 2010 guidance to 10-11% growth • Marriott (NYSE:MAR) noted third quarter earnings missed by a penny, coming in at 22 cents on revenues of $2.65 billion, up 7.2% YoY, [...]

(A) Company News for October 7, 2010 – Corporate Summary

(PRU) Prudential Financial Buys Units From American International Group

vitalstocks — Mon, 04 Oct 2010 05:10:38 +0000

US insurer Prudential Financial (PRU) declared yesterday that it will be acquiring two of the Japanese life operations of American International Group Inc. (AIG) for $4.2 billion in cash by the first quarter of 2011. However, the total value of the deal will climb to $4.8 billion on inclusion of $0.6 billion of third party [...]

(PRU) Prudential Financial Buys Units From American International Group

(AIG) American International Group on Path to Exit TARP

vitalstocks — Mon, 04 Oct 2010 05:08:40 +0000

After numerous mind-wrecking sessions over a fortnight, on Thursday, American International Group Inc. (AIG) and the U.S. Federal Reserve have finally charted out a scheme to free the company from the exorbitant debt that AIG had take under the Troubled Asset Repurchase Program (TARP). Evaluation also came in from the credit rating agency, A.M. Best, [...]

(AIG) American International Group on Path to Exit TARP

(PRU) Prudential Financial Gains on Higher Second Quarter Revenues

vitalstocks — Fri, 06 Aug 2010 17:23:46 +0000

Life insurer Prudential Financial Inc.’s (PRU) second quarter operating income of $1.51 per share was ahead of the Zacks Consensus Estimate of $1.31. Earnings were, however, down from $1.87 per share in the year-ago quarter. Results for the quarter benefited from strong annuity sales, higher investment income and asset management fees. Prudential’s revenues of $8.7 [...]

(PRU) Prudential Financial Gains on Higher Second Quarter Revenues

(AIG) Insurance Industry Stock Update – August 2010 – Industry Outlook

vitalstocks — Tue, 03 Aug 2010 20:40:51 +0000

After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis appears to be now behind us. The soft market [...]

(AIG) Insurance Industry Stock Update – August 2010 – Industry Outlook

(AEG) Aegon NV Reviews Strategic Measures To Dispose Of Units

vitalstocks — Fri, 25 Jun 2010 17:22:22 +0000

On Tuesday, Aegon NV (AEG) stated that it will consider options to dispose its US-based life reinsurance unit Transamerica Re and restructure its business in the UK, as it intends to realign and enhance focus in its core businesses. The proposed sale of Transamerica will help Aegon shed its investment risk in its U.S. variable annuity [...]

(AEG) Aegon NV Reviews Strategic Measures To Dispose Of Units

(AIG) American International Group Delays Sale Date For Taiwan Unit

vitalstocks — Tue, 22 Jun 2010 17:26:13 +0000

On Monday, American International Group Inc. (AIG) and a Hong Kong-led consortium agreed to extend the deadline for completing the sale of AIG’s Taiwanese unit, Nan Shan Life Insurance Co. Ltd., by three months to October 2010. The consortium comprises Primus Financial Holdings Ltd., a Chinese investment firm, and a battery maker, China Strategic Holding [...]

(AIG) American International Group Delays Sale Date For Taiwan Unit

(JPM) Financial Giants Restructure Debt and Issue Notes

vitalstocks — Sun, 20 Jun 2010 03:49:30 +0000

On Thursday, Reuters reported that financial behemoths JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) have issued fixed interest notes moving ahead with their debt restructuring strategies. Accordingly, JPMorgan reportedly vended off its five-year notes worth $1.25 billion. These notes carried an issue price of $99.795, to mature on Jun 24, 2015. [...]

(JPM) Financial Giants Restructure Debt and Issue Notes

(PRE) PartnerRe Ltd. Earns Debt Rating From A.M. Best

vitalstocks — Fri, 18 Jun 2010 17:50:58 +0000

On Thursday, PartnerRe Ltd. (PRE) got its issuer credit rating (ICR) of “a-” and debt ratings affirmed by rating agency, A.M. Best, reflecting a stable outlook for all. Alongside A.M. Best has also affirmed the ICR of “aa-” and the financial strength rating (FSR) of “A+” (Superior) for the whole PartnerRe Group, which includes the [...]

(PRE) PartnerRe Ltd. Earns Debt Rating From A.M. Best

(LNC) Lincoln National Corporation Plans to Repay TARP

vitalstocks — Thu, 13 May 2010 20:35:54 +0000

Lincoln National Corp. (LNC) is gearing up to repay the bailout money. Dennis Glass, the company’s President and CEO, said at an investor presentation yesterday that this acceleration follows a successful alignment with internal guidelines. Lincoln issued $950 million of preferred stock and a common stock warrant through the U.S. Treasury’s Troubled Asset Relief Program [...]

(LNC) Lincoln National Corporation Plans to Repay TARP

(AIG) Insurance Industry Stock Update – May 2010 – Industry Outlook

vitalstocks — Tue, 04 May 2010 21:07:51 +0000

The turmoil in the financial markets created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. In 2010, the overall situation has improved to a great extent and the worst of the crisis appears to be now behind us. However, the soft market conditions along with legislative changes [...]

(AIG) Insurance Industry Stock Update – May 2010 – Industry Outlook

(PRU) Prudential Financial to Take $100 Million in Charges

vitalstocks — Thu, 01 Apr 2010 14:54:34 +0000

Prudential Financial Inc. (PRU) is expected to post a charge of $100 million in its first quarter earnings as a result of changes made under health care reform regarding subsidies on retiree health care costs. During 2003, Congress granted the corporations, who were considering dropping coverage to the retirees, a 28% tax-free subsidy for continuing [...]

(PRU) Prudential Financial to Take $100 Million in Charges

(AIG) Insurance Industry Stock Update – February 2010 – Industry Outlook

vitalstocks — Tue, 09 Feb 2010 03:20:46 +0000

The turmoil in the financial markets has created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. This trend is expected to continue at least through the first half of 2010, though there are some early signs of an economic recovery. Also, structural economies of scale have pushed [...]

(AIG) Insurance Industry Stock Update – February 2010 – Industry Outlook

(NYT) Heavy Earnings Reports Continue – Earnings Preview

vitalstocks — Mon, 08 Feb 2010 17:52:03 +0000

Earnings Preview 2/5/10 While the bulk of earnings reports are in, there are still many to go, and next week we still have a heavy earnings calendar with a total or 462 firms scheduled to report. Some of the more noteworthy firms reporting are New York Times (NYT), Allstate (ALL), Walt Disney (DIS), Prudential (PRU) [...]

(NYT) Heavy Earnings Reports Continue – Earnings Preview

(CLI) Mack-Cali Realty Refinances Loan With Prudential Financial Unit

vitalstocks — Fri, 22 Jan 2010 00:51:48 +0000

Mack-Cali Realty Corp. (CLI), a fully integrated real estate investment trust (REIT), has recently refinanced a $150 million secured loan with the Prudential Insurance Company of America, the insurance division of Prudential Financial Inc. (PRU), a premier financial service provider in the U.S. The refinanced loan also included VPCM LLC, a wholly owned subsidiary of [...]

(CLI) Mack-Cali Realty Refinances Loan With Prudential Financial Unit

(PRU) Prudential Financial Analysts Initiate Coverage at Neutral

vitalstocks — Thu, 14 Jan 2010 22:48:08 +0000

We are initiating our coverage on the shares of the Prudential Financial Inc. (PRU) with a Neutral recommendation. Prudential has one of the best collections of businesses in the U.S. life insurance sector, with strong positions in high margin businesses and a significant diversification. Though there was a drag on revenues in 2008 due to [...]

(PRU) Prudential Financial Analysts Initiate Coverage at Neutral

(MET) MetLife’s Global Funding Unit Begins Sale of $2.5Billion in Notes

vitalstocks — Fri, 08 Jan 2010 20:23:13 +0000

Yesterday, MetLife Global Funding I, a unit of MetLife Inc. (MET), announced a two-part sale of its notes worth $2.5 billion. The first part includes $1 billion of notes at an issue price of $100, maturing on July 13, 2011. These 18-month floating-rate notes will bear a rate of interest at 3-month Libor rate plus [...]

(MET) MetLife’s Global Funding Unit Begins Sale of $2.5Billion in Notes

(PRU) Prudential Financial Concludes Wachovia Sale

vitalstocks — Mon, 04 Jan 2010 18:13:53 +0000

Last week, Prudential Financial (PRU) announced that it has completed the previously announced sale of its minority interest in Wachovia Securities Financial Holdings to Wells Fargo & Co. (WFC) for $4.5 billion in cash. Apart from this the company has also received $418.4 million in relation to the promissory notes, held in the joint venture, [...]

(PRU) Prudential Financial Concludes Wachovia Sale

(PRU) Prudential Financial Sees Credit Rating Action

vitalstocks — Sun, 27 Dec 2009 23:10:16 +0000

Earlier during the week, Fitch Rating affirmed the “BBB+” long-term issuer default and the “BBB” senior debt ratings on Prudential Financial Inc. (PRU) and improved its outlook to “stable” from “negative”. The rating action follows the announcement made earlier during the month by Wells Fargo & Co. (WFC) to purchase the 38% stake of Prudential [...]

(PRU) Prudential Financial Sees Credit Rating Action

(WFC) Wells Fargo Buys Prudential Financial Stake

vitalstocks — Fri, 18 Dec 2009 01:18:26 +0000

On Tuesday, Wells Fargo & Co. (WFC) announced its intention to purchase the 38% stake of Prudential Financial Inc. (PRU) in its retail brokerage joint venture (JV), Wells Fargo Advisors, for a cash payment of $4.5 billion. The deal is likely to close by Dec 31, 2009. The retail brokerage JV was initially launched by [...]

(WFC) Wells Fargo Buys Prudential Financial Stake

($AIG) Insurance Industry – Industry Outlook

vitalstocks — Mon, 07 Dec 2009 18:40:58 +0000

($AIG) Insurance Industry – Industry Outlook

(PRU) Prudential Financial Beats, Ups Guidance

vitalstocks — Mon, 09 Nov 2009 03:34:02 +0000

Prudential Financial Inc.’s (PRU) third-quarter earnings of $1.59 per share was well ahead of the Zacks Consensus Estimate of $1.33. Results also topped prior-year period’s earnings of $1.02 per share. The upside was driven primarily by strong annuity sales and market appreciation. Prudential raised its guidance for the full fiscal 2009, based on its earning’s [...]

(PRU) Prudential Financial Beats, Ups Guidance