Ge Long Hui A P P·2025-11-14 02:56Core Insights - Morgan Stanley's report indicates that Manulife Financial's Q3 core earnings per share reached $1.16, representing a 16% year-over-year increase. Excluding the impact of expected credit loss provisions, the growth is 11%, surpassing the bank's forecast and exceeding Manulife's mid-term target of 10-12% EPS growth set during the 2024 Investor Day [1] - The core earnings from Manulife's U.S. operations amounted to $332 million, slightly below the market expectation of $339 million [1] - Manulife's Global Wealth and Asset Management (GWAM) reported a net fund flow of negative $6.2 billion, a significant decline compared to the net inflows of $900 million in Q2 2025 and $5.2 billion in Q3 2024 [1] - Morgan Stanley maintains a "market perform" rating for Manulife, with a target price of CAD 47 [1]