Prudential Financial used its Q2 call to unveil a "Prudential 2.0" strategy overhaul. CEO Sullivan and CFO Frias took analyst questions after the 90-minute session. Full transcript expected this week.
Prudential Financial used its second-quarter earnings call Tuesday to unveil a strategic overhaul management called "Prudential 2.0." The 90-minute session with analysts split roughly evenly between the new plan and quarterly results.
CEO Andy Sullivan and CFO Yanela Frias led the presentation before taking questions from analysts at Evercore, KBW, Jefferies, Dowling & Partners, Wells Fargo, Wolfe Research, BofA, Raymond James, JPMorgan and UBS.
Tina Madon, Prudential's head of investor relations, said the extended call format was intentional. "We wanted to give the strategy discussion the same weight as the earnings review," she said.
The company has not yet released specific financial figures from the quarter. A full transcript, including the Q&A session, is expected to be filed with the SEC later this week.
Prudential's stock carries an Alpha Score of 65 out of 100, a Moderate label within the Financials sector. That score sits between JPMorgan Chase, which earns a 67, and Prudential PLC at 57. The PRU stock page includes the full breakdown.
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