Manulife Financial Corporation (MFC.TO)
| Previous Close | 33.60 |
| Open | 33.88 |
| Bid | 34.91 x 0 |
| Ask | 34.92 x 0 |
| Day's Range | 33.81 - 35.02 |
| 52 Week Range | 23.69 - 35.02 |
| Volume | |
| Avg. Volume | 6,602,732 |
| Market Cap | 62.742B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 13.39 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.60 (4.76%) |
| Ex-Dividend Date | Feb 27, 2024 |
| 1y Target Est | N/A |
- The Canadian Press
Manulife to ramp up share buyback program after cutting low-growth assets
TORONTO — Manulife Financial Corp. says it expects to ramp up its share buyback program this year as it sheds lower-growth assets and works to maintain its heightened return on equity. The company said Thursday it expects to accelerate buybacks from the $200 million it did in the first quarter to around $600 million per quarter for the rest of the year. The repurchases follow the roughly $5.5 billion in buybacks it has carried out over the past five years. The move comes after a quarter that saw
- The Canadian Press
Manulife reports first-quarter net income of $866 million
TORONTO — Manulife Financial Corp. says first quarter earnings were down from last year because of the effects of a major reinsurance deal. The insurance giant says its net income attributed to shareholders for the quarter ending March 31 was $866 million, down from $1.4 billion in the same quarter last year. It says the results include the $800 million impact from a $13-billion reinsurance deal with Global Atlantic that it says included the largest long-term care reinsurance deal in history. Ma
- Reuters
UPDATE 2-Manulife beats first-quarter profit estimates on Asia unit strength
Canada's Manulife Financial Corp on Wednesday reported better than expected quarterly profit boosted by a robust performance in its Asia business and wealth management unit. The country's largest insurer has counted on its Asia business to boost growth amid uncertainty in other parts of the world despite challenges amid China's slowing economy and a bumpy pandemic recovery. Chief Financial Officer Colin Simpson noted that China, Japan and Singapore were among strong performers while sales in Hong Kong, a region that benefited after the reopening of the border with mainland China last year, slowed.
