How Investors May Respond To Prudential Financial (PRU) Expanding Advisor Offices in Key Financial Hubs

Simplywall
2025.10.14 15:40
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Prudential Advisors has opened new offices in New York City and Holmdel, New Jersey, enhancing its presence in key financial hubs. This expansion aims to attract experienced financial advisors and improve client engagement. While the move supports long-term growth, it may not significantly impact short-term earnings due to ongoing challenges in the variable annuity market. Prudential anticipates $64.1 billion in revenue and $4.6 billion in earnings by 2028, with a projected fair value of $115.71, indicating a 14% upside from its current price.