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    Nick Anita

    Vice President and Equity Analyst at Wells Fargo

    Nick Anita is a Vice President and Equity Analyst at Wells Fargo, specializing in coverage of technology and fintech companies with a focus on digital payments and financial infrastructure. He has built a reputation for delivering robust investment research and actionable insights on firms such as PayPal, Square, and Visa, with his recommendations consistently ranking among the top in sector performance according to third-party analyst scorecards. Anita began his financial services career in 2012, previously working at J.P. Morgan before joining Wells Fargo in 2018, and holds FINRA Series 7, 63, and 86/87 licenses. He has been recognized for accurate market forecasts and stands out for high success rates and strong average returns on investor portfolios.

    Nick Anita's questions to PRUDENTIAL FINANCIAL (PRU) leadership

    Nick Anita's questions to PRUDENTIAL FINANCIAL (PRU) leadership • Q3 2024

    Question

    Nick Anita from Wells Fargo asked about the drivers of institutional outflows at PGIM during the quarter and inquired if any other business blocks are considered non-core for potential divestiture following the recent GUL transaction.

    Answer

    Andy Sullivan, Head of International Businesses, explained that near-term variability in institutional fixed income flows is expected due to derisking by overfunded pension plans and emphasized looking at combined affiliated and third-party flows, which are positive year-to-date. Chairman and CEO Charlie Lowrey stated that while the company has made significant progress in shifting its business mix, it will continue to review its portfolio for opportunities that meet strategic and financial objectives.

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