Financial Stocks Attracting Trading Activity Post Earnings

Prudential Financial Inc. (NYSE:PRU) reported its results for the fourth quarter. Net income for Prudential Financial Inc. rose to $686 million ($1.26 per share) vs. $177 million (45 cents per share) in the same quarter a year earlier. This is a more than threefold rise from the year earlier quarter. Revenue was $10.26 billion last quarter. Prudential Financial Inc. reported adjusted net income of $1.97 per share, but this measure the company beat the mean analyst estimate of $1.76 per share. Analysts were expecting revenue of $10.2 billion.

“Our results for the fourth quarter and year were strong and reflect the business momentum we continue to build. Sustained commitment to our selected markets and our financial strength are driving our enhanced competitive position. We focus on maintaining a mix of businesses that have solid financial prospects in a variety of market conditions,” said Chairman and Chief Executive Officer John Strangfeld.

Competitors to Watch: MetLife, Inc. (NYSE:MET), ING Groep N.V. (NYSE:ING), Prudential Public Ltd. Co. (NYSE:PUK), Torchmark Corporation (NYSE:TMK), Lincoln National Corp. (NYSE:LNC), StanCorp Financial Group, Inc. (NYSE:SFG), Delphi Financial Group, Inc. (NYSE:DFG), Primerica, Inc. (NYSE:PRI), AFLAC Incorporated (NYSE:AFL), and CNO Financial Group, Inc. (NYSE:CNO).

Kimco Realty Corporation (NYSE:KIM) reported its results for the fourth quarter. he company’s funds from operations (FFO) rose 13.8% from the year earlier quarter to 33 cents. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings. It come in ahead of the consensus estimate of 30 cents per share. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings.

Competitors to Watch: Equity One, Inc. (NYSE:EQY), Glimcher Realty Trust (NYSE:GRT), Inland Real Estate Corp. (NYSE:IRC), Urstadt Biddle Properties Inc. (NYSE:UBA), Cedar Shopping Centers Inc (NYSE:CDR), Agree Realty Corporation (NYSE:ADC), The Macerich Company (NYSE:MAC), Ramco-Gershenson Properties Trust (NYSE:RPT), Realty Income Corp (NYSE:O), and Tanger Factory Outlet Centers Inc. (NYSE:SKT).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com