Is This Financial Services Company a Buy Today?
Asset manager and insurer Prudential Financial (NYSE: PRU) reported strong second-quarter results this month, delivering $3.79 in after-tax adjusted operating income per share -- obliterating analysts' forecasts by better than 25%. Prudential was able to leverage its status as one of the largest and best-known asset managers and insurers in the world to produce a net inflow of $5.6 billion in institutional funds in the second quarter, offsetting a $0.3 billion outflow of retail investor funds.
While this is certainly impressive, it doesn't automatically mean the stock is a buy. Let's dig deeper into Prudential's business, the macroeconomics supporting Prudential in the future, and the stock's valuation to determine whether Prudential could be an attractive option for investors.
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Source Fool.com
