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Prudential Financial sets FY'18 earnings guidance; board authorizes buybacks

Prudential Financial Inc.'s board has authorized the repurchase of up to $1.5 billion of the company's outstanding common stock between Jan. 1, 2018, and Dec. 31, 2018.

The company also set earnings expectations for the 2018 year. It expects EPS in the range of $11.20 to $11.70 for the year.

The S&P Capital IQ consensus normalized EPS estimate for 2018 is $11.40.