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MetLife Beats on Profit, Approves $3 Billion Share Buyback [Yahoo! Finance]
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Tesla Axes Supercharger Team in Blow to Broader EV Market NYPD Arrests Over 300 Protesters in Crackdown on College Campuses US and Saudis Near Defense Pact Aimed at Reshaping Middle East The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy Lilly Soars as Forecast Boost Shows Weight-Loss Drugs' Power The biggest US life insurer reported earnings per share of $1.83, according to a statement Wednesday, higher than the consensus estimates compiled by Bloomberg. The company also authorized $3 billion in share buybacks. The New York-based company, headquartered in its iconic Manhattan tower, has been rated positively by analysts who have cited its strong pipeline for institutional retirement products as a key strength. “MetLife is off to a good start in 2024, with strong topline growth and sustained momentum across our market-leading portfolio of businesses,” MetLife Chief Executive Officer Michel Khalaf said. Net income of $800 million surged comp
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