Fin Stocks Updates- Metlife Inc (MET), Citizens Financial Group Inc (CFG)
Shares of Metlife Inc (NYSE:MET) ended Tuesday session in red amid volatile trading. The shares closed down -0.27 points or -0.57% at $47.31 with 7.24 million shares getting traded. Post opening the session at $47.72, the shares hit an intraday low of $47.00 and an intraday high of $48.04 and the price vacillated in this range throughout the day. The company has a market cap of $52.38 billion and the numbers of outstanding shares have been calculated to be 1.10 billion shares.
Metlife Inc (MET) announced the launch of MetLife Simply Smart℠ Bundles, which provide brokers and small business owners with employee benefits that enhance their ability to compete in their local markets. Designed specifically for businesses with 10-99 employees, the Bundles include a combination of dental and vision insurance. They will also provide the opportunity to add on an employee-paid group legal services plan to give employees access to a nationwide network of qualified lawyers on a prepaid basis – the first time MetLife is making this benefit available to small businesses.
MetLife Simply Smart Bundles are designed to meet the benefits needs of small businesses in different local markets. Through extensive data mining of dental and vision plans quoted and sold across the country, MetLife created pre-built, tiered plan options to match the coverage and pricing needs of small employers in each geographical area.
Shares of Citizens Financial Group Inc (NYSE:CFG) ended Tuesday session in red amid volatile trading. The shares closed down -0.58 points or -2.27% at $24.96 with 7.27 million shares getting traded. Post opening the session at $25.54, the shares hit an intraday low of $24.83 and an intraday high of $25.76 and the price vacillated in this range throughout the day. The company has a market cap of $12.99 billion and the numbers of outstanding shares have been calculated to be 564.44 million shares.
Citizens Financial Group Inc (CFG) announced that Chief Financial Officer Eric Aboaf is departing to become CFO of State Street Corporation. Aboaf has been CFO since April 2015, and will work through his notice period until Dec. 16, 2016. Former Citizens Financial Group CFO John Fawcett, who retired in April 2015 after the Citizens initial public offering, will come out of retirement and serve as interim CFO, subject to regulatory approval, post Aboaf’s departure until a successor has been found.
Chairman and CEO Bruce Van Saun commented, “I’d like to thank Eric for his contributions while at Citizens. He has developed into a very good CFO and has made important contributions in managing our balance sheet, driving efficiency initiatives and working with our businesses on their strategy. He has an opportunity at State Street to substantially increase his compensation and gain new experiences at a large, global custody bank and we wish him well.”