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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
March 12, 2008 at 12:52 PM
Prudential Financial Inc. seems to be well-prepared to weather mortgage market storms.
Andrew Kligerman, an insurance analyst at UBS Investment Research, New York, has given that assessment in a commentary headlined, “They Call It ‘The Rock’ For a Reason.”
UBS analysts recently met with executives at Prudential, Newark, N.J., and they have decided not to worry too much about residential mortgage and commercial loan exposure at the company, Kligerman writes.
The analysts like the fact that Prudential has estimated it will lose a maximum of less than $150 million on subprime credit losses over 5 years even if home prices drop 40% from their maximum, Kligerman writes.
The analysts also learned that losses on subprime mortgages at Prudential’s “closed block” business would have to exceed $30 billion to affect holders of Prudential common stock, Kligerman writes.
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