Prudential Financial, Inc. (PRU, Financial) recently hosted a conference call on May 1, 2025, to discuss its financial results for the first quarter of the year. During the call, a clarification was made regarding the company's sensitivity to interest rate movements. Yanela Frias, Executive Vice President and Chief Financial Officer, initially misspoke, stating that a 50 basis point decline in interest rates would result in a 20% decline in earnings per share (EPS) on an annual basis. The intended statement was a 20 cents decline, not 20%.
The company has addressed this error and assured stakeholders that the full transcript of the conference call, including the corrected statement, will be available on Prudential Financial's Investor Relations website. This clarification is crucial for investors and analysts who closely monitor interest rate impacts on financial performance.
For more detailed insights and updates, visit the company's Investor Relations page.
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