Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, May 7, 2014

Investment business drives Prudential profit, (NYSE: PRU)

Prudential Financial Inc, the second-largest U.S. life insurer, reported a quarterly profit compared with a loss a year earlier, driven by higher income from its investment unit. The net profit in the financial services businesses attributable to the company was $1.22 billion, or $2.59 per share, for the quarter ended March 31, compared to a loss of $735 million, or $1.58 per share, a year earlier.

Prudential Financial, Inc. (Prudential Financial) is a financial services company. Shares of PRU traded higher by 0.99% or $0.79/share to $80.90. In the past year, the shares have traded as low as $64.30 and as high as $92.68. On average, 2610860 shares of PRU exchange hands on a given day and today's volume is recorded at 2315126.



Source