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Is Prudential Financial a Buy?

Dave Kovaleski, The Motley Fool
·4-min read
Is Prudential Financial a Buy?

Not only are they confronted with the drag on earnings from a 0% interest rate environment, the industry is also faced with unprecedented financial hardships caused by the novel coronavirus pandemic. Brian Duperreault, CEO of American International Group, said in early May that COVID-19 will be "the single largest CAT [catastrophic] loss the industry has ever seen." Prudential Financial (NYSE: PRU) trails both with a decline of about 43% this year, through Thursday's close.

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