Stock repurchase programs are typically viewed positively by the market as they often lead to a reduction in the number of shares outstanding, potentially increasing earnings per share and the stock price. The size of the buyback, $1.0 billion, is substantial and indicates that Prudential Financial is confident in its financial position and committed to returning value to shareholders. This news is likely to be seen as a positive development by investors and could lead to a short-term increase in the stock price.