Home Top Movers Metlife Inc (MET) announced their quarterly performance beating all profit estimates and...

Metlife Inc (MET) announced their quarterly performance beating all profit estimates and Britain Lloyds sacked more workers, despite recent profit

MetLife Inc which is the biggest life insurer in the united states announced its quarterly results and announced the earnings of $1.73 a share, beating all the estimates of analysts.The company earned $652 million in variable investment income which is double from last year.

The Chief Executive Officer of MetLife, Michel Khalaf said that the company delivered a strong financial result despite the challenging environment. He explained that Variable investment income increased significantly and the company showed strong discipline in expenses. He also mentioned that the company resumed its share repurchase in the third quarter.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


The Company’s net income declined to $633 million from $2.2 billion a year earlier. The company was able to reduce its long-term interest-rate to 2.75% from 3.75%.MetLife Holdings unit earnings surged 70% in the reported quarter while profit increased by 33% in Asia and 27% in the U.S. Latin America where earning dropped by 75%.The MetLife shares decline of 2.4% before the announcement.

Britain’s biggest domestic bank Lloyds announced that it needs to sack 1070 more employees to speed the redundancies despite the bank earned a profit in the recent third quarter.

The bank spokesperson said that changes have been made to make the business simpler for our customers and the bank is also creating around 340 roles.

Lloyds slash its 865 workers in September 2020. The United union which represents Lloyds staff strongly carped the latest layoffs.

The union officer Rob MacGregor said that they are unable to understand the latest cut of 1000 staff who proved their commitment and dedication with the banks during the pandemic.

Lloyds announced quarterly results last month reporting profits after high demand for mortgages during the current pandemic. The recent job cuts arecarried out in the bank’s group transformation and retail teams without any branch closure.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why did Corvus Pharmaceuticals Inc. (CRVS) stock soar on Wednesday?

Corvus Pharmaceuticals Inc. (CRVS) shares surged 9.17% in after-hours on Wednesday, July 28, 2021, and closed the daily trading at $2.38. in the regular...

Havertys Furniture Companies Inc. (HVT) stock gains during after-hour trading, Here’s to know why?

Havertys Furniture Companies Inc. (NASDAQ: HVT) stock declined by 0.39% at last close whereas the HVT stock price gains by 4.6% in the after-hours...

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Flora Growth Corp. (FLGC) stock declines during premarket. Here’s what you should know?

Flora Growth Corp. (NASDAQ: FLGC) stock gained by 49.67% at last close whereas the FLGC stock price plunged by 18.36% in the pre-market trading...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Why Gaotu Techedu Inc. (GOTU) stock went up on Wednesday despite headwinds?

Gaotu Techedu Inc. (GOTU) shares rose 1.38% in after-hours on Wednesday, July 28, 2021, and closed the daily trade at $3.67. Earlier in the...

Why did Corvus Pharmaceuticals Inc. (CRVS) stock soar on Wednesday?

Corvus Pharmaceuticals Inc. (CRVS) shares surged 9.17% in after-hours on Wednesday, July 28, 2021, and closed the daily trading at $2.38. in the regular...

Antero Resources Corp. (AR) stock fell during after-market. Here’s to know why?

Antero Resources Corp. (NASDAQ: AR) stock plunged by 0.58% at last close while the AR stock price declines by 6.59% in the after-hours trading...

Related News

Why Electrameccanica Vehicles Corp. (SOLO) stock performed well on Wednesday?

Electrameccanica Vehicles Corp. (SOLO) shares gained 5.71% in after-hours on Wednesday, July 28, 2021, and closed the daily trading at $3.70 per share. in...

Encore Wire Corporation Inc. (WIRE) stock surges during current market. Here’s to know why?

Encore Wire Corporation Inc. (NASDAQ: WIRE) stock gained by 11.10% in the current market trading session. Encore Wire Corporation is a prominent manufacturer of...

Why Futu Holdings Limited (FUTU) stock is surging in pre-market on Wednesday?

Futu Holdings Limited (FUTU) shares surged 7.56% in pre-market on Wednesday, July 28, 2021, as of this writing. Yesterday in the after-hours session, FUTU's...

Mattel Inc. (MAT) stock surged during pre-market trading, post financial results announcement

Mattel Inc. (NASDAQ: MAT) stock declined by 1.2% at the last close whereas the MAT stock price rises by 5.26% in the pre-market trading...

Here is why Juniper Networks Inc. (JNPR) stock plunged in the after-markets on Tuesday?

Juniper Networks Inc. (JNPR) shares declined 6.01% in after-hours on Tuesday, July 27, 2021, and closed the daily trading at $25.98 per share. in...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam