Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Prudential Financial, Inc.    PRU

PRUDENTIAL FINANCIAL, INC.

(PRU)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Prudential Financial : The Inflation Wars

03/02/2021 | 07:22pm EDT

The economy, markets and our collective COVID-19 mindset are at an important inflection point.

March 02, 2021

Highlights

  • The economy, markets and our collective COVID-19 mindset are at an important inflection point.
  • During congressional testimony, Chairman of the Federal Reserve Jerome Powell reinforced that the Fed would not raise its benchmark federal funds rate from nearly zero until certain objectives are met.
  • Given that we are in uncharted territory, markets will navigate data releases, earnings, employment conditions and policy statements ever more diligently.

During his semiannual congressional testimony in late February, Chairman of the Federal Reserve Jerome Powell sought to assuage market fears that the Fed would seek to alter its message of allowing inflation to run 'hotter' in order to ensure its broadened maximum employment mandate. With a raft of economic data pointing to a more robust economy, prospects for stronger earnings, the pace of the vaccine rollout working through logistical problems, along with the addition of a third vaccine, and a fiscal relief package working its way through Congress, many market experts-not to mention the equity and Treasury markets-are questioning the Fed's timeline.

Moreover, a headline-worthy debate has been intensifying as to whether the combination of fiscal and monetary largesse is fueling not just a stronger economic backdrop, but inflationary pressures as well.

Regardless of the side taken in the debate, it has become increasingly clear that the economy, markets and our collective COVID-19 mindset are at an important inflection point.

Read Quincy Krosby's full March 2021 market commentary, 'The Inflation Wars.'

1033222-00012-00

References include the following: Bank of America, Barron's, Bespoke Investment Group, Bloomberg, CNBC, CNN, Cornerstone Macro Research, The Economist, Evercore ISI, The Financial Times, Goldman Sachs, Morgan Stanley, The New York Times, Politico, Real Money - TheStreet, Renaissance Macro, UBS and The Wall Street Journal.

The views and opinions are those of the author at the time of publication and are subject to change at any time due to market or economic conditions. This document has been prepared solely for informational purposes. This is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The Prudential Insurance Company of America, Newark, NJ, and its affiliates. Prudential and its distributors and representatives do not provide tax, accounting, or legal advice. Please consult your own attorney or accountant. In providing these materials, the issuing companies and distributor listed above are not acting as your fiduciary as defined by any applicable laws and regulations.

© 2021 Prudential Financial, Inc. and its related entities. Prudential Annuities, Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Media Contact(s)

Yue Parsons

573-355-4001

yue.parsons@prudential.com

Disclaimer

Prudential Financial Inc. published this content on 02 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2021 00:21:02 UTC.


© Publicnow 2021
All news about PRUDENTIAL FINANCIAL, INC.
04:34aMARKET CHATTER : Prudential Financial Reportedly Considering Sale of Retirement ..
MT
04/12PRUDENTIAL FINANCIAL  : Barclays Adjusts Prudential Financial PT to $96 From $91..
MT
04/09PRUDENTIAL FINANCIAL  : Goldman Sachs Adjusts Prudential Financial's Price Targe..
MT
04/09PRUDENTIAL FINANCIAL  : Keefe Bruyette & Woods Adjusts Prudential Financial PT t..
MT
04/09PRUDENTIAL FINANCIAL  : Wells Fargo Adjusts Prudential Financial PT to $93 From ..
MT
04/08PRUDENTIAL FINANCIAL  : appoints Richard Parkinson as chief brand officer
PU
04/08PRUDENTIAL FINANCIAL  : RBC Raises Price Target on Prudential Financial to $92 F..
MT
04/07Financials Up After Fed Minutes -- Financials Roundup
DJ
04/07Materials Down After Fed Minutes As Dollar Rises -- Materials Roundup
DJ
04/07PRUDENTIAL FINANCIAL, INC.  : to Announce First Quarter 2021 Earnings; Schedules..
BU
More news
Financials (USD)
Sales 2021 58 282 M - -
Net income 2021 4 087 M - -
Net Debt 2021 13 028 M - -
P/E ratio 2021 9,80x
Yield 2021 4,87%
Capitalization 37 826 M 37 826 M -
EV / Sales 2021 0,87x
EV / Sales 2022 0,85x
Nbr of Employees 41 671
Free-Float 59,3%
Chart PRUDENTIAL FINANCIAL, INC.
Duration : Period :
Prudential Financial, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PRUDENTIAL FINANCIAL, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 95,46 $
Last Close Price 95,28 $
Spread / Highest target 11,3%
Spread / Average Target 0,19%
Spread / Lowest Target -17,1%
EPS Revisions
Managers and Directors
NameTitle
Charlie F. Lowrey Chairman, President & Chief Executive Officer
Kenneth Yutaka Tanji Chief Financial Officer & Executive Vice President
Stacey Goodman Chief Information Officer & Executive VP
Timothy L. Schmidt Chief Investment Officer & Senior Vice President
Karl J. Krapek Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PRUDENTIAL FINANCIAL, INC.22.04%37 826
AXA21.49%67 474
PRUDENTIAL PLC15.81%55 768
METLIFE, INC.33.46%54 877
MANULIFE FINANCIAL CORPORATION19.21%41 803
AFLAC INCORPORATED17.58%35 955