Global regulators hold off designating 'too big to fail' insurers
Posted today (21 hours ago)
Global insurance regulators will suspend designating globally systemically important insurers, who are required to hold extra capital, in a victory for companies such as American International Group (AIG.N) and Prudential (PRU.L). The International Association of Insurance Supervisors (IAIS) said it wants to replace the list of "too big to fail" insurers, last published in 2016, with a broader framework from 2020. In the aftermath of the global financial crisis, regulators singled out systemically important insurers who then face onerous bank-like capital rules to cover potential losses, increasing costs and potentially reducing shareholder returns.
Global regulators review risk assessment of top insurers
Posted today (21 hours ago)
Global insurance regulators have proposed suspending publication of their list of systemic insurers who must comply with tougher capital rules, in a victory for the industry. The International Association ...
BlackRock Inc. has issued a request for proposals to Atlanta office landlords, as the company begins seeking office space for its new U.S. hub. The RFP comes almost two weeks after the global asset management giant announced it chose Atlanta for its newest innovation center, which it expects to grow to 1,000 employees over the next several years. BlackRock (NYSE: BLK) is seeking short-term office space, but will scale-up over the next few years as it settles into a permanent location.
Detailed Research: Economic Perspectives on MetLife, Callon Petroleum, Five9, Ballard Power, Infinity Pharmaceuticals, and Commercial Vehicle Group — What Drives Growth in Today's Competitive Landscape
Posted on Nov 9, 2018 (5 days ago)
NEW YORK, Nov. 09, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
DataTrek estimates that, in the past 12 months, S&P 500 companies have spent $646 billion purchasing their own stock, a 29% increase over the previous year. Companies, on the other hand, may buy back their shares if they believe they're undervalued or to increase earnings per share (EPS), both of which help the stock price rise and attract greater investor interest. "Corporate repurchases remain the largest source of demand for shares," wrote David Kostin, chief U.S. equity strategist at The Goldman Sachs Group, Inc. ( GS), per CNBC.
Are Investors Undervaluing MetLife (MET) Right Now?
Posted on Nov 8, 2018 (6 days ago)
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
MetLife Rises Most in Two Years After Third Straight Profit Beat
Posted on Nov 2, 2018 (12 days ago)
(Bloomberg) -- MetLife Inc. climbed the most in two years after the company said it plans to buy back as much as $2 billion in shares and reported profit that beat analysts’ estimates for the third straight quarter, showing Chief Executive Officer Steven Kandarian’s push to be more consistent is paying off.The U.S. and Latin American businesses fueled gains, while private-equity returns boosted investments. Adjusted profit came in at $1.38 a share, beating the $1.26 estimate from 17 analysts surveyed by Bloomberg.
On a per-share basis, the New York-based company said it had profit of 88 cents. Earnings, adjusted for non-recurring costs, were $1.38 per share. The results beat Wall Street expectations. The average ...
MetLife stock rises as company swings to profit, announces share buyback
Posted on Nov 1, 2018 (13 days ago)
Shares of MetLife Inc. rose nearly 4% Thursday after the insurance company blew past Wall Street forecasts and announced a $2 billion share buyback program. MetLife said it earned $880 million, or 88 cents a share, in the quarter, versus a loss of $97 million, or 9 cents a share, in the third quarter of 2017. Adjusted for one-time items, the company earned $1.5 billion, or $1.53 a share, compared with $1.2 billion, or $1.09 a share, a year ago. Revenue rose 1% to $16.29 billion, compared with $16.17 billion a year ago. Analysts polled by FactSet had expected MetLife to report adjusted earnings of $1.27 a share on sales of $16.02 billion. In a separate press release, MetLife said its board of directors has approved a $2 billion share buyback program. The company has bought back about $1 billion of its stock under a $1.5 billion program announced in May. "Excess capital belongs to our shareholders, and we are pleased to announce a new $2 billion share repurchase authorization. Taken together with the balance from our prior authorization, MetLife has current authorized buyback capacity of almost $2.5 billion," Chief Executive Steven A. Kandarian said in a statement. Shares of MetLife ended the regular trading day up 1.8%.