Shares of MetLife (MET)
have been off to a very strong start in 2013. Investors saw a 9.1% return in the
first three trading days of the year alone. The insurance company benefited from
a fiscal cliff solution and an uptick in long term interest rates.
Strong Start To The Year
Like any other company, and financial firms in particular, MetLife benefited from the resolution of the fiscal cliff. Shares of the largest life insurer of the nation furthermore showed impressive gains as an uptick in higher bond yields improve earnings on its almost $400 billion fixed-income bond portfolio.
Strong Start To The Year
Like any other company, and financial firms in particular, MetLife benefited from the resolution of the fiscal cliff. Shares of the largest life insurer of the nation furthermore showed impressive gains as an uptick in higher bond yields improve earnings on its almost $400 billion fixed-income bond portfolio.
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