RE: How low is this going to go?13 Feb 2026 10:00
"Sectoral Contagion from Japan Scandal: Negative sentiment intensified following recent reports from its US-listed counterpart, Prudential Financial Inc., regarding a voluntary 90-day sales suspension in Japan due to internal findings of employee misconduct. This issue is expected to reduce 2026 pretax adjusted operating income by $300 million to $350 million"
I really think we've been hit because of contagion from this Japanese scandal to do with Prudential Financial just because we have the same name! Also, the Ai stuff but I don't understand that. Wonder what JamesOxford, a bull on Pru, thinks!