Manulife's Asia growth drives record earnings and stock high [Wealth Professional (Canada)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: Wealth Professional
Shares of Manulife Financial Corp. reached a record high in midday trading on Thursday following the company's third-quarter earnings report, which exceeded market expectations, as reported by BNN Bloomberg Manulife's global chief financial officer, Colin Simpson, attributed the strong performance to significant growth in its asset management sector, which saw a 39 percent increase in earnings. He also noted solid growth in Manulife's Asia business, where core earnings rose by 17 percent compared to the same quarter last year. The Toronto-based insurer reported a quarterly profit of $1.84bn, up from $1.01bn the previous year, with earnings per share reaching $1, an increase from 52 cents a year prior. Simpson noted that Manulife's Canadian operations also performed well due to diversification efforts made in recent years. “Our book value grew by 9 percent and 14 percent on an adjusted basis, surpassing analyst expectations,” Simpson said, adding that the company is “particu
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MFC
Earnings
- 11/6/24 - Beat
MFC
Analyst Actions
- 9/5/24 - Barclays PLC
MFC
Sec Filings
- 11/21/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/18/24 - Form 6-K
- MFC's page on the SEC website