Wells Fargo keeps Sell rating for Prudential Financial stock

Published on 10/07/2026 at 03:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 14.16 billion, up 4.80 percent year over year. A USD 115.60 average target applies to Prudential Financial stock.

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Prudential Financial (ISIN US7443201022) received a Wells Fargo Sell rating with a USD 110.00 price target. Markets Insider reported on October 4, 2026, that analyst Wesley Carmichael maintained the rating on October 2, 2026. Morgan Stanley also maintained a Sell rating with a USD 105.00 target in a report dated October 2, 2026.

Second-quarter figures split the picture

Yahoo Finance reported on October 5, 2026, that Prudential generated USD 14.16 billion in revenue in the second quarter of 2026, up 4.80 percent year over year. The figure fell 0.90 percent short of analyst expectations, creating a clear contrast between revenue growth and the earnings-season benchmark.

Markets Insider said the company reported USD 909.00 million in net profit for the second quarter of 2026, compared with USD 533.00 million in the year-earlier quarter. That profit increase did not remove the pressure from the revenue and book-value comparisons cited in the earnings review.

Wealth platform adds operating scale

Prudential's business update also carries a measurable expansion signal. In a September 24, 2026 release, PR Newswire reported that Prudential Advisors became Prudential Wealth Advisors and supported more than 3,000 financial advisors. The release also said assets under management rose more than 60.00 percent in less than three years, from USD 27 billion in 2023 to USD 44 billion at the announcement date.

The renamed platform matters because it places wealth management more visibly beside Prudential's insurance, annuity, retirement and investment businesses. The scale figures give investors an operating metric beyond the quarterly revenue debate, while the analyst targets show that valuation and execution remain contested.

NYSE quote remains below yearly high

The Lang & Schwarz prior close was EUR 100.85 on October 5, 2026. On the NYSE, Prudential Financial last stood at USD 113.54 on October 6, 2026 at 4:00 p.m. ET; the 52-week range was USD 91.89 to USD 127.72 and market capitalization was USD 39.4 billion as of October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Prudential Financial stock.