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Bank AI

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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PRU stock fell 2.08% in a week, 2.34% in a month but gained 17.60% in the last three months.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Prudential Financial Inc. declared a $1.25 per share dividend on August 8, 2023.&nbsp;</a> </li> 
</ul> 
<p>Prudential Fiancials Inc. (NYSE: PRU) released earnings on August 1, 2023, and declared quarterly dividends on August 8, 2023. PRU stock gained 0.62%. Analysts expect the company to grow by 1.21% in twelve months. The PRU share price gained 41% in the last three years, outperforming the market average of 28%.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-prudential-financial-inc-pru-stock-financial-analysis-strong"><strong>Prudential Financial Inc. (PRU) Stock: Financial Analysis</strong></h2> 
<p>Prudential’s recent performance has been subpar; in 2022, the stock returned only 6.1%, including dividends. Considering the performance of the last three years, the company moved from loss to profitability. Also, the total shareholder return (TSR) for the last three years has been 64%.&nbsp;</p> 
<p>The TSR has been 6.1% for the last twelve months, falling behind on the market performance. The recently announced dividend is $1.25 per share of its common stock, payable on September 14, 2023. Beneficiaries of this would be shareholders on record on August 22, 2023.&nbsp;</p> 
<p>Prudential Financial Inc. has around $1.4 Trillion in assets under management as of June 30, 2023. <a href="https://www.thecoinrepublic.com/2023/07/02/the-bank-of-new-york-mellon-corp-bk-stock-brushing-ema/" target="_blank" rel="noopener noreferrer nofollow">Bank of New York Mellon Corp. (NYSE: BK)</a> gained 0.26% to $46.01.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-prudential-financial-inc-nyse-pru-technical-analysis-strong"><strong>Prudential Financial Inc. (NYSE: PRU): Technical Analysis</strong></h2> 
<p>PRU Stock, at press time, is trading at $95.2, gaining 0.62%; previous close and open were at $94.62 and $94.16, respectively. The 52-week range is from $75.37 to $110.96, meaning a solid push can create new highs. With an average volume of 2.15 Million shares, the market cap is $34.752 Billion.&nbsp;</p> 
<p>The trailing twelve-month (TTM) price-to-earnings (P/E) ratio is 71.59, indicative of a highly valued stock price. At the same time, the (TTM) earnings per share (EPS) is $1.33, showcasing strength. Analysts placed a 1.78 rating to reduce and estimated a price target at $101.27 with a 6.4% upside.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/UIhMjYxeX4SmqvL9SxPnlnY1Acm-3gO7sKz_KsPmCe2NgQE0PHWo63pDPzu9ArWbz2_kjFzYGYEgqQbTQahVX-xX49Y5VzbyCXVIjyNYIRHSTnXSAkkaXdcJID6unyF9S3xnc7z10pfFMbAEeGv_ZQ" alt=""> 
  <figcaption class="wp-element-caption"> <strong>Analysts Chart; NYSE: PRU; MarketBeat</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Prudential Financial reported its latest earnings on August 1, 2023, where the reported revenue of $12.644 Billion failed to beat the expected value of $12.645 Billion by 0.01%. In comparison, the reported earnings of $2.94 per share also failed to surpass the estimated value of $3.042 per share by 3.37%.&nbsp;</p> 
<p>Compared to the previous quarter, revenue gained 48.43%, while EPS jumped by 68.79%. The subsequent earnings will be reported on October 31, 2023, with an estimated EPS of $3.238 and revenue of $12.717 Billion. The operating expense gained 7.53% to $3.14 Billion, while (TTM) operating margin is 5.81%.&nbsp;</p> 
<p>The (TTM) revenue is $67.97 Billion, and the year-over-year (YoY) quarterly revenue growth is 48.40%. The gross profit (TTM) is $9.95 Billion, and the total cash in hand at the end of the most recent quarter (MRQ) is $26.06 Billion, while the total debt is $31.35 Billion. PRU stock fell 2.08% in a week and 4.82% YTD but gained 17.60% in the last three months.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-prudential-financial-inc-pru-stock-possible-golden-crossover-strong"><strong>Prudential Financial Inc. (PRU) Stock: Possible Golden Crossover</strong></h2> 
<p>Prudential stock price action is on the verge of a golden crossover. When 50EMA crosses 200EMA from below, it forms a golden crossover and puts the price action into a bullish mode for a longer time frame. Also, a solid double bottom pattern which started with a steep fall hints towards a rally.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/lkqZhUo7ruVxSXrXgBEYldrYRXaK5lvzzUBywX8dCOmKJBhkwlvjhBM_WV7imO6uObEq9eCeOGNnSRLr9vYV0c6EVthwHmwz2OV8pF4aVR7t20vQJCDngEz3Cx-h3xRufMLomGZ64uBllP4bpQ6i8g" alt=""> 
  <figcaption class="wp-element-caption"> <strong>Candle Chart; NYSE: PRU; </strong><a href="https://www.tradingview.com/chart/Z6vc2GHY/?symbol=NYSE%3APRU" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>As long as the price is trading above the immediate support at $90.86, the chances of a rally are high. The price should reach immediate resistance at $98.07 and could even enter the selling zone. Moreover, if the price sustains over the $98.07 mark for a considerable time, the golden crossover will take place, and the price action will be bullish.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer:</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets and stocks comes with a risk of financial loss.</p>

Prudential Stock Price to Have a Golden Crossover; A Possibility?

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