While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Revenues are expected to be $8.95 billion, down 0.5% from the year-ago quarter. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. The Zacks Ea ...

A live webcast and conference call are scheduled for Thursday, August 8, 2024, at 8:00 a.m. (ET) where members of Manulife's executive leadership team will discuss the results, followed by a question and answer period with analysts. About Manulife SOURCE Manulife Financial Corporation C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 The archived webcast will be available at manulife.com/en/investors/results-and-reports following the call. A replay of the call will also be available until September 7, ...

BOSTON, July 8, 2024 /PRNewswire/ - John Hancock, along with its Toronto-based parent company Manulife (NYSE: MFC), announced Hector Martinez joins the company today as its new Head of Insurance. Martinez joins John Hancock from Equitable where he led all aspects of the company's individual life insurance business, including new business development, underwriting, and life insurance product development and distribution. Before Equitable, Martinez served for over a decade in leadership positions at Crump Lif ...

Manulife is scaling up its business across Asia by expanding its distribution network, securing and deepening strategically important distribution agreements with key partners in Japan, Indonesia and Cambodia, and enhancing the mainland Chinese visitor (MCV) capabilities to complement the prominent domestic franchise in Hong Kong, among others. Manulife Asset Management has identified Europe (and the wider EMEA market) as a significant growth area and is making long-term investments in the region. In tandem ...

BOSTON, June 27, 2024 /PRNewswire/ - Manulife Investment Management (Manulife IM) has announced a strategic partnership with Foundry Commercial to acquire, develop, and lease industrial outdoor storage (IOS) sites in key infill industrial markets throughout the Southeast. The portfolio consists of 10 sites located in Atlanta, Nashville, Dallas-Fort Worth, and Jacksonville. Three of the sites have completed construction and were acquired by Manulife IM directly; the remaining will be developed in partnership ...

TORONTO, June 24, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") is hosting an Investor Day in Hong Kong and Jakarta, starting at 8:30 a.m. Hong Kong time on June 25 (8:30 p.m. June 24 eastern time). During this three-day event, senior management will showcase Manulife's record of successful execution of our strategy, highlight our transformation and speak to our right to win. Discussions will show how Manulife is uniquely positioned to achieve our financial targets and rei ...

Core Viewpoint - Manulife Financial Corporation plans to redeem all outstanding $750 million principal amount of 3.049% Fixed/Floating Subordinated Debentures on August 20, 2024, at par value, ceasing interest accrual on the redemption date [3]. Company Overview - Manulife Financial Corporation is a leading international financial services provider headquartered in Toronto, Canada, offering financial advice and insurance services under the Manulife brand in Canada, Asia, and Europe, and as John Hancock in the United States [4]. - As of the end of 2023, the company employed over 38,000 employees and more than 98,000 agents, serving over 35 million customers globally [4]. - Manulife trades as 'MFC' on the Toronto, New York, and Philippine stock exchanges, and under '945' in Hong Kong [4].

Dublin, June 18, 2024 (GLOBE NEWSWIRE) -- The "Manulife Financial Corp. (Manulife) - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering. Manulife offers insurance products and financial services. It operates under the Manulife brand across Canada, Europe, and Asia, and under the John Hancock brand in the US. The report provides comprehensive information and insights into Manulife's technology activities, focusing on its digital transformation strategies an ...

Core Insights - Manulife and the World Economic Forum have launched the Prospering in Longevity Challenge to foster innovation in preventative healthcare and financial well-being solutions aimed at enhancing human longevity [8][9] - The challenge invites global start-ups to participate, with applications open until July 22, 2024, focusing on solutions that promote financial resilience and preventative healthcare [1][8] Company Overview - Manulife Financial Corporation is a leading international financial services provider headquartered in Toronto, Canada, offering financial advice and insurance across Canada, Asia, Europe, and the United States [5][13] - The company employs over 38,000 individuals and has more than 98,000 agents, serving over 35 million customers globally [5][13] Industry Context - The global population aged over 65 is projected to double to 1.6 billion by 2050, presenting significant health and wealth challenges [9] - Currently, individuals spend approximately 50% of their lives in less than good health, with 12% in poor health [2] Challenge Themes - The first Longevity Challenge focuses on two main themes: strengthening financial resilience across longer lives and embracing a preventative approach to healthcare [10] - Solutions sought include tools for better financial decision-making and early risk factor detection in healthcare [10] Partnership Goals - The partnership aims to democratize access to tools that enhance financial resilience and improve physical and mental health through innovative solutions [3][9] - This initiative is part of a broader multi-year partnership between Manulife and UpLink, which has previously focused on nature-based solutions to climate change [11]

For fiscal 2024, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $2.74 per share. MFC boasts an average earnings surprise of 8.1%. With a solid Zacks Rank and top-tier Value and VGM Style Scores, MFC should be on investors' short list. For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style ...