Prudential Financial, Inc. - PRU STOCK NEWS

Prudential Financial announced Missouri's top youth volunteers for 2021: Shruti Gautam and Karlee Doak. Each honoree receives a $2,500 scholarship and an invitation to the national celebration in April. Shruti, a senior, advocated for free feminine hygiene products in schools, influencing district policy with a $20,000 budget. Karlee, a seventh-grader, produced and donated hundreds of face masks during the pandemic, highlighting her community support. The awards recognize students' impactful volunteer efforts during 2019-2020, showcasing resilience amidst challenges.

On February 9, 2021, Grace Davie, 16, from Sanford, and Miranda Torrey, 12, from Lisbon, were named Maine's top youth volunteers by The Prudential Spirit of Community Awards. Both will receive a $2,500 scholarship and an invitation to a national recognition event. The awards celebrate students in grades 5-12 for their volunteer efforts, with a focus on their impact during the pandemic. Grace's initiative provided holiday boxes to 245 families, while Miranda led various community projects, including raising $1,300 for Make-a-Wish Maine.

On February 9, 2021, Prudential Financial recognized Shreyas Kar and Brenna Mefford as Kentucky's top youth volunteers of 2021 through its Spirit of Community Awards. Each honoree receives a $2,500 scholarship and an invitation to the national celebration. Shreyas developed software for charitable organizations and created a nonprofit to help students with community projects. Brenna crafted face masks during the pandemic and engaged in various charitable activities. The awards highlight youth contributions during challenging times, with over 21,000 applicants showcasing resilience and commitment to service.

On February 9, 2021, Sascha Pakravan and Brennan Yamaguchi were honored as Hawaii's top youth volunteers for 2021 by The Prudential Spirit of Community Awards. Each recipient will receive a $2,500 scholarship and an invitation to a virtual national celebration. Sascha launched 'Words4,' producing children's storytime videos to improve literacy access, while Brennan raised epilepsy awareness through various community initiatives. The awards, recognizing contributions from students in grades 5-12, underline the importance of youth engagement in community service.

Prudential Financial announced its 2021 Spirit of Community Awards, honoring 102 students from across the U.S. for their significant volunteer contributions amidst the pandemic. Selected from over 20,000 applicants, these middle and high school students addressed community needs during a challenging year, including providing meals to food-insecure households and creating support networks for marginalized groups. Each honoree receives a $2,500 scholarship and recognition, with ten students recognized as national top youth volunteers earning additional scholarships and grants.

PGIM Real Estate completed nearly US$30 billion in global transactions in 2020, including $10.2 billion in equity investments and $19.5 billion in financing. The transactions involved 911 deals: $25.3 billion in the Americas, $3.3 billion in Europe, and $1.0 billion in Asia Pacific. In 2021, PGIM Real Estate has up to $20 billion available for financing. The equity segment capitalized on trends like e-commerce and suburban housing, while the debt business gained market share amid regulatory constraints on banks.

Prudential Financial, Inc. (NYSE: PRU) reported its fourth quarter and year-end 2020 financial results. For Q4 2020, the net income was $819 million ($2.03 per share), a decrease from $1.128 billion ($2.76 per share) in Q4 2019. The company's after-tax adjusted operating income rose to $1.183 billion ($2.93 per share) from $915 million ($2.24 per share) year-over-year. However, for the full year 2020, Prudential posted a net loss of $374 million ($1.00 per share) compared to a net income of $4.186 billion ($10.11 per share) in 2019, along with a decline in adjusted operating income.

Prudential Retirement, part of Prudential Financial (NYSE: PRU), has launched the Advice and Income Engines, a cutting-edge digital advice platform powered by NextCapital. This service aims to aid over 3.2 million retirement plan participants in managing their retirement savings and generating income. Expected to go live in Q1 2021, the platform addresses the growing demand for personalized retirement planning, particularly in volatile markets. Prudential’s extensive experience and $519.7 billion in retirement assets position it to influence the evolving $8 trillion defined contribution market.