After spending much of the past two years at a less-than-impressive two-star rank, Prudential Financial
With earnings improving and both trailing and forward earnings multiples in the single digits, more CAPS members are warming up to Prudential Financial as a good long-term value play. The company saw a big increase in revenue and earnings in the second quarter, with top-line growth of 39%. Operating income, excluding net realized investment gains and losses, also blew past analysts' expectations.
Prudential wasn't the only company showing strong results. Several others in the broader insurance industry posted similar upticks in business in the second quarter. Berkshire Hathaway
Prudential is aware of the uncertainties that linger in global financial markets. But in contrast to Hartford Financial's
The company may soon get a much bigger contribution from international markets as well. The Wall Street Journal recently reported that Prudential is eyeing two AIG
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