Brighthouse: Weak Capital Limits Upside (Rating Downgrade)

Signing up for a secure future shapecharge Shares of Brighthouse Financial (NASDAQ:BHF) have been a poor performer over the past year, losing 19% even as other annuity providers like Jackson Financial (JXN) and Equitable (EQH) have rallied. The pain is likely to continue, with BHF reporting a very disappointing Q2 on Tuesday. I last covered BHF in May when I opted to keep shares a "buy" despite a weak Q1. In hindsight, I gave too much attention to its low valuation and not enough to its weak results, with ...