Prudential OKs $1.25B stock buyback, sees 2017 EPS $10.15-$10.65

|About: Prudential Financial, Inc. (PRU)|By:, SA News Editor

Prudential (PRU +2.5%) pops higher after disclosing authorization to repurchase up to $1.25B of outstanding shares during 2017.

Providing guidance ahead of today's financial outlook call, PRU also says it expects FY 2017 EPS of $10.15-$10.65, vs. $10.34 analyst consensus estimate, despite headwinds from interest rates and currencies.

PRU says its near-to-immediate term return on equity objective is 12%-13%.

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