Brighthouse Financial (BHF) Highlighted as an Inflation Play by David Einhorn

April 19, 2022 11:26 AM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Greenlight Capital's David Einhorn highlighted Brighthouse Financial (NASDAQ: BHF) as an inflation play, saying "it is difficult to find a company that we think benefits more from rising rates."

Einhorn notes that the rate increase just through the end of March will add $2 billion to the company's distributable earnings over the next 5 years. Meanwhile, the entire market cap is $4 billion. The two billion would equate to about $26 per share.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Hedge Funds, Trader Talk

Related Entities

Greenlight Capital, David Einhorn, Earnings