March 09, 2017

PGIM Fixed Income: Revisiting the Global Credit Cycle

The new, pro-growth U.S. administration and rising global political risks could affect the current credit cycle, including regulatory and tax policy changes that could accelerate the credit cycle. That acceleration, and renewed investor optimism, may sow the seeds of the next U.S. recession in three to five years. As a result, the current market climate calls for increased attention to tail risk in fixed income portfolio construction.

March 08, 2017

PGIM Real Estate completes the acquisition of T Tower in Seoul

SEOUL, Mar. 8, 2017 – PGIM Real Estate has recently completed the acquisition of the prime T Tower office building in Seoul’s central business district. PGIM Real Estate is the real estate investment business of PGIM, the trillion-dollar global investment management business of Prudential Financial, Inc. (NYSE: PRU).

March 01, 2017

Christine Marcks: Small steps build financial confidence

For too many American workers, financial stress can be a daily occurrence--taking a toll on health, productivity and confidence. Not helping matters is the human tendency to focus on short term needs and wants over long term financial goals, such as saving for retirement. 

March 01, 2017

PGIM Real Estate: Global Real Estate Trends for 2017

In its annual outlook, PGIM Real Estate research share optimism but remain cautious about 2017's outlook. Global economic growth has been steady, although the boost from low energy prices is fading in developed economies and momentum is tilting back towards emerging markets. Meanwhile, if recent events are anything to go by, undoubtedly there will be more election-related twists and turns to come. 

February 28, 2017

Three organizations hire Prudential Retirement to manage $132 million in DC plan assets

NEWARK, N.J., Feb. 28, 2017 - Three organizations, including two nonprofits, have recently hired Prudential Retirement to administer their defined contribution plans, the company announced today. Prudential Retirement, among the industry’s largest recordkeepers, is a business unit of Prudential Financial, Inc. (NYSE:PRU).
February 27, 2017

Prudential Retirement calls on Americans to balance financial priorities for America Saves Week

NEWARK, N.J., Feb. 27, 2017 - Achieving personal savings goals has never been more important than developing a balanced plan for managing financial wellness. In conjunction with 2017’s America Saves Week campaign held Feb. 27 through March 4, Prudential Retirement is encouraging American workers to save more money while balancing multiple financial priorities. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE:PRU).

February 21, 2017

Prudential Mortgage Capital adopts PGIM Real Estate Finance brand globally

NEWARK, N.J., Feb. 21, 2017 - Prudential Mortgage Capital Company has as much as $15 billion to lend in 2017 as it steps into the real estate finance market under a new consolidated name—PGIM Real Estate Finance. The new name, effective immediately, unifies the company’s 22 offices around the world and reflects the company’s globally diversified business and clients.
February 15, 2017

Prudential: Union attitudes changing for millennials, survey finds

While a majority of baby boomer union members say they have a strong sense of pride in their work, only a quarter of millennial union members agree, highlighting a generational disconnect.
February 14, 2017

Masterpiece of Love film series explores love, loss and recovery

Prudential Financial on Valentine's Day introduced its Masterpiece of Love, a series of short films celebrating life, love, art and the regenerative power of the human spirit.

February 08, 2017

Prudential Financial, Inc. announces 2016 results

NEWARK, N.J., Feb. 8, 2017 – Prudential Financial, Inc. (NYSE: PRU) today reported year-end and fourth quarter results.  Net income attributable to Prudential Financial, Inc., was $4.368 billion ($9.71 per Common share) for the year ended December 31, 2016, compared to $5.642 billion ($12.17 per Common share) for 2015. After-tax adjusted operating income was $4.107 billion ($9.13 per Common share) for 2016, compared to $4.649 billion ($10.04 per Common share) for 2015. Information regarding adjusted operating income, a non-GAAP measure, is provided below.