MetLife Sees 3Q Variable Investment Income of at Least $600M Pre-tax
MET sits 44% above its 52-week low of $67.33.
Summary
MetLife disclosed preliminary 3Q variable investment income of at least $600 million pre-tax, a sharp rebound from the $220-$270 million guided for Q2. This is the first look at Q3 investment performance and suggests a meaningful tailwind to earnings. The company is trading near its 52-week high, and this positive update could reinforce momentum. Watch for the full Q3 earnings release for confirmation of the final figure.
At the time of this announcement, MET was trading at $97.25 on NYSE in the Finance sector, with a market capitalization of approximately $61.8B. The 52-week trading range was $67.33 to $100.93. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.