Reported about 4 hours ago
Prudential Financial reported an increase in fourth-quarter adjusted profit, driven by growth in its global investment management sector, despite a decrease in its U.S. business. The company noted a rise in adjusted operating income from its investment management unit, PGIM, while its U.S. operations saw a decline. The overall assets under management reached $1.51 trillion, reflecting positive market conditions influenced by the Federal Reserve's rate cuts and favorable policies from the new U.S. administration.
Source: YAHOO