MFC.TO - Manulife Financial Corporation

Toronto - Toronto Delayed Price. Currency in CAD
24.43
+0.25 (+1.03%)
At close: 4:00PM EDT
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Previous Close24.24
Open24.15
Bid24.43 x 0
Ask24.44 x 0
Day's Range24.15 - 24.56
52 Week Range18.33 - 25.18
Volume5,709,020
Avg. Volume4,216,639
Market Cap47.819B
Beta (3Y Monthly)1.62
PE Ratio (TTM)8.55
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.00 (4.14%)
Ex-Dividend Date2019-08-19
1y Target EstN/A
  • Chinese Stimulus to Be Far Less Impactful for Domestic Economy, Says Manulife’s Trinh
    Bloomberg

    Chinese Stimulus to Be Far Less Impactful for Domestic Economy, Says Manulife’s Trinh

    Sep.17 -- Sue Trinh, managing director for global macro strategy at Manulife Investment Management, discusses her views on China’s economy and where she sees it heading. She speaks on “Bloomberg Markets: China Open.”

  • Repo Turmoil Points to Shortage of U.S. Dollars in System, Says Manulife’s Trinh
    Bloomberg

    Repo Turmoil Points to Shortage of U.S. Dollars in System, Says Manulife’s Trinh

    Sep.17 -- Sue Trinh, managing director for global macro strategy at Manulife Investment Management, discusses the repo market volatility and its impact on Fed policy. She speaks on “Bloomberg Markets: China Open.”

  • Why Manulife (TSX:MFC) Stock Fell 4% in August
    The Motley Fool

    Why Manulife (TSX:MFC) Stock Fell 4% in August

    Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) stock fell 4% in August, but if you're worried about a downturn, this might be the place to hide.

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,800.29, down 34.46 points.)Encana Corp. (TSX:ECA). Energy. Down 18 cents, or 2.62 per cent, to $6.69 on 9 million shares.Kinross Gold Corp. (TSX:K). Materials. Down 19 cents, or 2.77 per cent, to $6.67 on 7.4 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Up two cents, or 0.33 per cent, to $6.07 on 6.5 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Down 50 cents, or 2.09 per cent, to $23.40 on 6.5 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Down one cent, or 0.45 per cent, to $2.20 on 6.2 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down six cents, or 0.25 per cent, to $24.18 on 5.9 million shares. Companies in the news:CannTrust Holdings Inc. (TSX:TRST). Up two cents to $1.72. The Alberta government's cannabis wholesaler and online retailer is returning products from CannTrust Holdings Inc. after Health Canada suspended the company's licences to produce and sell pot. The AGLC would not confirm the amount or value of the on-hold product to be returned to the Vaughan, Ont.-based company, citing contract confidentiality. The move comes one day after CannTrust disclosed that it received a notice from Health Canada indicating its authority to produce and sell cannabis had been suspended. The Nova Scotia Liquor Corp. also said Wednesday it is no longer selling CannTrust products and it plans to return the product it is holding at its distribution centre.Restaurant Brands International Inc. (TSX:QSR). Down 61 cents to $97.27. Tim Hortons will stop offering its Beyond Meat alternative protein products at thousands of Canadian locations, just three months after introducing them. Parent company Restaurant Brands International Inc. says it is pulling vegetable-based Beyond Burgers nationally and breakfast sandwiches from all locations except in B.C. and Ontario, where the "positive reaction" means customers can continue to enjoy them. The company announced in May it would test its three Beyond Meat breakfast sandwiches at some stores.Air Canada (TSX:AC). Down 61 cents to $43.40. A new report finds that Air Canada lags behind other global airlines in revenue from passenger fees, but is poised to catch up after its recent purchase of the Aeroplan rewards program. The report from airline consulting firm IdeaWorksCompany says the country's biggest airline took in US$1.45 billion in so-called ancillary revenue last year, or about US$28.54 per passenger. The per-passenger figure didn't break the top 10, with U.S. competitors United Airlines Inc. and American Airlines Inc. and Australia's Qantas Airways Ltd. reaping between US$35 and US$42 per traveller in ancillary income.Alimentation Couche-Tard Inc. (TSX:ATD.B). Up 10 cents to $81.07. Alimentation Couche-Tard Inc. wants to be one of the "key players" in the North American cannabis market by using its position in Canada, where recreational pot use is legal, to achieve this goal. But the expertise to be developed by the operator of convenience stores and gas stations will have to be done outside of Quebec because of provincial rules governing the sale of marijuana, company founder and executive chairman Alain Bouchard said following its annual meeting. Unable to penetrate the Quebec market, it has invested in Alberta retailer Fire & Flower. This report by The Canadian Press was first published Sept. 18, 2019.The Canadian Press

  • What Is Manulife Financial Corporation's (TSE:MFC) Share Price Doing?
    Simply Wall St.

    What Is Manulife Financial Corporation's (TSE:MFC) Share Price Doing?

    Manulife Financial Corporation (TSE:MFC) saw a double-digit share price rise of over 10% in the past couple of months...

  • Why Sun Life Financial (TSX:SLF) Stock Rose 6% in August
    The Motley Fool

    Why Sun Life Financial (TSX:SLF) Stock Rose 6% in August

    Sun Life Financial Inc (TSX:SLF)(NYSE:SLF) shares have gained 12% since the beginning of August. Find out what's led to their continued outperformance.

  • 3 Dividend Aristocrats to Earn You Passive Income
    The Motley Fool

    3 Dividend Aristocrats to Earn You Passive Income

    Telus Corporation (TSX:T)(NYSE:TU) will earn investors a superior return over time and provide much of those returns back in the form of a dividend.

  • Saudi Arabia Said to Tap Kingdom’s Rich to Anchor Aramco IPO
    Bloomberg

    Saudi Arabia Said to Tap Kingdom’s Rich to Anchor Aramco IPO

    (Bloomberg) -- Saudi Arabia held discussions with some of the kingdom’s wealthiest families about becoming anchor investors in Aramco’s mammoth stake sale, according to five people with knowledge of the talks.Saudi officials made initial contact with some top business families on behalf of the oil giant, the people said, asking not to be identified because the information is private. Aramco may hold more formal meetings as early as next week after banks have been hired for the sale, three of the people said.The kingdom is aiming to raise at least 1% to 2% of Aramco from these investors, according to one of the people. The amount each family invests will likely hinge on the company’s valuation, another person said.The move underscores Saudi Arabia’s desire to ensure there’s enough demand for what could be the biggest initial public offering. The kingdom’s economy is struggling to shake off the impact of lower oil prices and a 2017 purge that ensnared dozens of billionaires and officials. The crackdown undermined business confidence and prompted many billionaires to consider shifting some of their fortune abroad.If local investors participate in the IPO at a “high valuation, this could improve the prospects for an international version, by setting the bar at a different level,” said Richard Segal, a senior emerging-markets analyst at Manulife Asset Management in London. ”The government could encourage this participation through quid pro quos.”A spokesman for Aramco wasn’t immediately able to comment.Some of the families that have been approached had relatives briefly held in the Ritz-Carlton hotel in Riyadh as part of the purge, which the government called an anti-corruption crackdown, one of the people said. They aren’t, however, being forced to invest because of that, the person said.Anchor investors usually commit to buying shares in a company before an IPO is opened up to other investors to control pricing and ensure that the sale is successful.Saudi Crown Prince Mohammed Bin Salman, the architect of the IPO plan, has said he expects Aramco to be valued at over $2 trillion, but analysts see $1.5 trillion as more realistic. The company aims to select underwriters this week and is considering selling shares on the Saudi stock exchange this year or early next, with a potential international listing at a later date, Bloomberg News has reported.“There is a lot of domestic liquidity but not enough to move the needle that much. As a result, the signalling impact would be more important,” Segal said, adding that a $2 trillion valuation to international markets still sounds high.Selling a stake in Aramco is a key part of the prince’s blueprint to wean Saudi Arabia off its reliance on oil, with the proceeds expected to be invested back into the economy. Plans for the IPO were put on hold last year as Aramco focused on the $69 billion acquisition of a majority stake in Saudi Basic Industries Corp.As preparations for the IPO gather pace, the kingdom named the head of its sovereign wealth fund as Aramco chairman, replacing Khalid Al-Falih, who was also later removed as energy minister.(Adds analyst comments in the fifth and ninth paragraphs.)\--With assistance from Alaa Shahine and Matthew Martin.To contact the reporters on this story: Archana Narayanan in Dubai at anarayanan16@bloomberg.net;Dinesh Nair in London at dnair5@bloomberg.net;Nayla Razzouk in Dubai at nrazzouk2@bloomberg.netTo contact the editors responsible for this story: Stefania Bianchi at sbianchi10@bloomberg.net, Alaa ShahineFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Battle of the Financials: Manulife Financial (TSX:MFC) (USA) vs. the Big 6 Banks: Which Should You Buy?
    The Motley Fool

    Battle of the Financials: Manulife Financial (TSX:MFC) (USA) vs. the Big 6 Banks: Which Should You Buy?

    Should you buy a bank like CIBC (TSX:CM)(NYSE:CM) or an insurer for cheap investment income?

  • Retirees: Save Your Nest Egg From a Bear Market
    The Motley Fool

    Retirees: Save Your Nest Egg From a Bear Market

    Saving the nest egg from the coming bear market should be a retiree’s priority. If Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) is included in your portfolio, you’ll be in a better position to overcome an economic downturn.

  • Manulife Financial (TSX:MFC): Retire Early With This Cash-Rich Dividend Stock
    The Motley Fool

    Manulife Financial (TSX:MFC): Retire Early With This Cash-Rich Dividend Stock

    Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) is poised to ride the Asian growth wave, and smart investors will do well to latch on to its coattails.

  • 3 Top Value Stocks to Buy Now
    The Motley Fool

    3 Top Value Stocks to Buy Now

    Royal Bank of Canada (TSX:RY)(NYSE:RY) and these two other stocks offer investors a great way to make long-term cash.

  • How Does Manulife Financial Corporation (TSE:MFC) Fare As A Dividend Stock?
    Simply Wall St.

    How Does Manulife Financial Corporation (TSE:MFC) Fare As A Dividend Stock?

    Dividend paying stocks like Manulife Financial Corporation (TSE:MFC) tend to be popular with investors, and for good...

  • Baystreet

    Stocks in play: Manulife Financial

    Said its Investment Management arm has been recognized with top scores (A+ and A) in all submitted categories ...

  • 1 Excellent Stock That Just Went on Sale
    The Motley Fool

    1 Excellent Stock That Just Went on Sale

    The companies you choose for your portfolio must have good value. Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) might be that stock that you should invest in right now – and it just went on sale!

  • Thomson Reuters StreetEvents

    Edited Transcript of MFC.TO earnings conference call or presentation 8-Aug-19 12:00pm GMT

    Q2 2019 Manulife Financial Corp Earnings Call

  • Should Climate Change Be a Part of Your Investing Strategy?
    The Motley Fool

    Should Climate Change Be a Part of Your Investing Strategy?

    Find out how climate change can impact every stock in your portfolio, especially energy-related companies like Brookfield Renewable Partners LP (TSX:BEP.UN)(NYSE:BEP) and Canadian Natural Resources Ltd. (TSX:CNQ)(NYSE:CNQ).

  • Manulife Financial Corporation (MFC) Q2 2019 Earnings Call Transcript
    Motley Fool

    Manulife Financial Corporation (MFC) Q2 2019 Earnings Call Transcript

    MFC earnings call for the period ending June 30, 2019.

  • Financial Stocks Beat Earnings Estimates: TMX Group (TSX:X) Stock Jumps 10%
    The Motley Fool

    Financial Stocks Beat Earnings Estimates: TMX Group (TSX:X) Stock Jumps 10%

    TMX Group Ltd (TSX:X) jumped nearly 10% aftermarket open on Wednesday on strong earnings.

  • How Many Manulife Financial Corporation (TSE:MFC) Shares Did Insiders Buy, In The Last Year?
    Simply Wall St.

    How Many Manulife Financial Corporation (TSE:MFC) Shares Did Insiders Buy, In The Last Year?

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...

  • Manulife Financial says net income surges in second quarter on growth in Asia
    The Canadian Press

    Manulife Financial says net income surges in second quarter on growth in Asia

    TORONTO — Manulife Financial Corp. says its net income attributable to shareholders soared to $1.47 billion in the second quarter on a growth in new business in Asia.The Toronto-based insurer earned 73 cents per diluted share for the three months ended June 30, up about 20 per cent from 61 cents per share a year earlier when it earned $1.27 billion.Excluding one-time items, adjusted or core earnings increased 1.5 per cent to $1.45 billion from $1.43 billion.That equalled 72 cents per share, two cents higher than the second quarter of 2018 and one cent above analyst forecasts, according to financial markets data firm Refinitiv.Total revenues surged to $22.22 billion, including $8.7 billion from premiums. That's up from $13.7 billion, including $8.75 billion in premiums a year earlier.Overall, new business climbed 16.5 per cent to $479 million, including a nine-per-cent increase in Asia to $364 million, unchanged at $65 million in Canada and $50 million in the U.S., up from $12 million in the prior year.Core business in Asia increased 15 per cent to $471 million, fell in Canada to $312 million and was relatively stable at $441 million in the U.S."We have continued to focus on executing our strategy, with capital released from portfolio optimization increasing to $3.7 billion," said CEO Roy Gori."We have also taken steps to further strengthen Manulife's long-term growth opportunity in Asia, including entering into an asset management joint venture agreement in India." Companies in this story: (TSX:MFC).The Canadian Press