Bulletin
Investor Alert

Market Pulse Archives

Aug. 19, 2021, 11:13 a.m. EDT

MetLife raises minimum wage to $20 an hour

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    MetLife Inc. (MET)
  • X
    CVS Health Corp. (CVS)
  • X
    Tapestry Inc. (TPR)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

MetLife Inc. /zigman2/quotes/206319319/composite MET +0.71% said Thursday that it is raising the U.S. minimum wage to $20 an hour, as the financial services and insurance company increases its investment in its employees. "By raising our minimum wage, we're offering security and confidence to our people just as we do our customers," said Chief Executive Michel Khalaf. MetLife's new minimum wage is compares with the $15 minimum wage recently instituted by many other companies in different sectors, including CVS Health Corp. /zigman2/quotes/209664499/composite CVS +0.84% and Coach-parent Tapestry Inc. /zigman2/quotes/207417762/composite TPR -2.19% , while Synchrony Financial /zigman2/quotes/203661733/composite SYF -1.60% also raised its minimum wage to $20 an hour. MetLife's stock, which fell 1.5% in morning trading, has run up 27.9% year to date, while the SPDR S&P Insurance ETF /zigman2/quotes/205505650/composite KIE +0.07% has tacked on 15.9% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.08% has gained 17.1%.

/zigman2/quotes/206319319/composite
US : U.S.: NYSE
$ 68.37
+0.48 +0.71%
Volume: 0.00
Jan. 14, 2022 4:00p
P/E Ratio
11.29
Dividend Yield
2.81%
Market Cap
$57.51 billion
Rev. per Employee
$1.46M
loading...
/zigman2/quotes/209664499/composite
US : U.S.: NYSE
$ 106.22
+0.88 +0.84%
Volume: 0.00
Jan. 14, 2022 4:00p
P/E Ratio
18.57
Dividend Yield
2.07%
Market Cap
$140.22 billion
Rev. per Employee
$950,143
loading...
/zigman2/quotes/207417762/composite
US : U.S.: NYSE
$ 38.37
-0.86 -2.19%
Volume: 0.00
Jan. 14, 2022 4:04p
P/E Ratio
13.15
Dividend Yield
2.61%
Market Cap
$10.72 billion
Rev. per Employee
$369,207
loading...
/zigman2/quotes/203661733/composite
US : U.S.: NYSE
$ 48.67
-0.79 -1.60%
Volume: 0.00
Jan. 14, 2022 4:00p
P/E Ratio
6.87
Dividend Yield
1.81%
Market Cap
$26.64 billion
Rev. per Employee
$684,788
loading...
/zigman2/quotes/205505650/composite
US : U.S.: NYSE Arca
$ 41.33
+0.03 +0.07%
Volume: 0.00
Jan. 14, 2022 4:10p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,662.85
+3.82 +0.08%
Volume: 0.00
Jan. 14, 2022 5:16p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.