MANULIFE(MFC)

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Manulife President & CEO Roy Gori Announces His Intention to Retire in May 2025
Prnewswire· 2024-11-18 11:45
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945Board names Phil Witherington, Manulife Asia CEO, as SuccessorTORONTO, Nov. 18, 2024 /PRNewswire/ - Manulife Financial Corporation's (MFC) Board today announced that President and Chief Executive Officer Roy Gori has informed them of his intention to retire, effective May 8, 2025, with Phil Witherington appointed as his successor and joining the Board of Directors at that time. To support this transition, fo ...
Are Investors Undervaluing Manulife Financial Corp (MFC) Right Now?
ZACKS· 2024-11-12 15:45
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...
Manulife Financial Corp (MFC) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-11-08 15:16
Have you been paying attention to shares of Manulife Financial (MFC) ? Shares have been on the move with the stock up 7.3% over the past month. The stock hit a new 52-week high of $32.94 in the previous session. Manulife Financial has gained 46.1% since the start of the year compared to the 23.3% move for the Zacks Finance sector and the 30.4% return for the Zacks Insurance - Life Insurance industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't m ...
MANULIFE(MFC) - 2024 Q3 - Earnings Call Transcript
2024-11-07 17:52
Manulife Financial Corporation (NYSE:MFC) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Hung Ko - Vice President of Investor Relations Roy Gori - President & Chief Executive Officer Colin Simpson - Chief Financial Officer Trevor Kreel - Chief Investment Officer Steve Finch - Chief Actuary Marc Costantini - Global Head of Inforce Management Phil Witherington - President & Chief Executive Officer, Manulife Asia Conference Call Participants Meny Grauman - Scotiabank Tom Gall ...
Manulife Financial Q3 Earnings Beat on Solid Asia Business
ZACKS· 2024-11-07 15:50
Manulife Financial Corporation (MFC) delivered third-quarter 2024 core earnings of 73 cents per share, which beat the Zacks Consensus Estimate by 4.3%. The bottom line improved 5.7% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Core earnings of $1.3 billion (C$1.8 billion) remained unchanged year over year. The results reflected strong business growth led by Global WAM and Asia, and a lower net charge in the provision for Expected Credit Loss (ECL), more than offset ...
MANULIFE(MFC) - 2024 Q3 - Quarterly Report
2024-11-06 22:16
| --- | --- | |------------------------------------------------|-------| | | | | | | | Third Quarter Report to | | | Shareholders | | | | | | Three and nine months ended September 30, 2024 | | | Manulife Financial Corporation | | Manulife Financial Corporation ("Manulife" or the "Company") reported its third quarter results for the period ended September 30, 2024, delivering record core earnings and insurance new business results 1. Key highlights for the third quarter of 2024 ("3Q24") include: • Core earni ...
Manulife Reports Third Quarter 2024 Results
Prnewswire· 2024-11-06 22:00
TSX/NYSE/PSE: MFC SEHK: 945C$ unless otherwise statedTORONTO, Nov. 6, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") reported its third quarter results for the period ended September 30, 2024, delivering record core earnings and insurance new business results1.Key highlights for the third quarter of 2024 ("3Q24") include: Core earnings2 of $1.8 billion, up 4% on a constant exchange rate basis3 from the third quarter of 2023 ("3Q23") Net income attributed to shareholders of ...
Manulife: Despite Strong Fundamentals, It's Time To Take Profits
Seeking Alpha· 2024-10-31 15:44
Manulife Financial Corporation (NYSE: MFC ) is a solid company in the insurance sector and has reported a positive operating performance in recent quarters, but this seems to be already reflected in its share price. Labutes IR is a Fund Manager/Analyst specialized in the financial sector, with more than 18 years of experience in the financial markets. I have worked at several type of institutions in the industry, always at the buy side and related to portfolio management. Associated with the existing author ...
Manulife Financial Corporation announces Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 17
Prnewswire· 2024-10-28 12:30
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Oct. 28, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife") today announced that it does not intend to exercise its right to redeem all or any of its currently outstanding 14,000,000 Noncumulative Rate Reset Class 1 Shares Series 17 (the "Series 17 Preferred Shares") (TSX: MFC.PR.M) on December 19, 2024. As a result, subject to certain conditions described in the prospectus supplement dated August 11, 2014 relating to the issuance ...
Why Manulife Financial (MFC) is a Top Dividend Stock for Your Portfolio
ZACKS· 2024-10-24 16:45
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a met ...