AIG (NYSE: AIG) and MetLife Inc. (NYSE: MET) increase in price, despite poor earnings

MetLife, Inc. has reduced the forecast revenue for 2011

In brief: American International Group, Inc. (NYSE: AIG) and MetLife, Inc. (NYSE: MET) continue to gain points. Revenue forecasts have begun to fall.

American International Group, Inc. (NYSE: AIG) went up to 40.26 points, gaining +1.79 (4.65%) by mid-auction. MetLife, Inc. (NYSE: MET) shares continue to rise in price, but the bullish trend is limited due to the bad news. MetLife, Inc. (NYSE: MET) was 42.84 points, gaining +0.78 points (1.85%) today.

At the same time, revenue projections have fallen substantially. The largest U.S. life insurance company MetLife has lowered the forecast for 2011 revenue from the purchase of units of American International Group, the leading business outside the U.S.. According to MetLife, the absorption will lead to additional operating profit in 2011 in the amount from 40 cents to 45 cents per share. Previously forecasted surplus profit of between 45 cents to 55 cents per share.

Anrey Torbinski
2010-08-02 18:13, Economics.

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