MFC.TO - Manulife Financial Corporation

1 Top Stock to Buy for a TFSA in June

Manulife Financial Corp. (TSX:MFC)(NYSE:MFC) offers a strong mix of value and passive income in one wide-moat stock worthy of a TFSA.The post 1 Top Stock to Buy for a TFSA in June appeared first on The Motley Fool Canada.

Why Manulife Stock Is a Compelling Post-Recession Buy

Here I present my case on why Manulife Financial (TSX:MFC)(NYSE:MFC) is a good buy during the pandemic due to its prospect as a long-term, buy-and-hold option.The post Why Manulife Stock Is a Compelling Post-Recession Buy appeared first on The Motley Fool Canada.

Why You Should Hold Manulife (MFC) Stock in Your Portfolio

Manulife (MFC) is poised to grow over the long term given its operational excellence and solid capital position.

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  Manulife unveils new MOVE Health Score to help customers become healthier

  PR Newswire
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  Manulife Gives "Thank You Day" Off to Employees in 2020; Five Additional Personal Days in 2021

  PR Newswire

Top TSX Financial Stocks for June 2020

We asked our writers for their top stock picks from the financial sector. Some of the picks include Toronto-Dominion Bank (TSX:TD)(NYSE:TD), goeasy Ltd (TSX:GSY), and TMX Group Ltd (TSX:X). The post Top TSX Financial Stocks for June 2020 appeared first on The Motley Fool Canada.

Manulife Offers 2.484% $500 Million Senior Unsecured Notes

Manulife (MFC) displays prudence by issuing senior notes amid a low interest rate environment to procure funds.

Should I Buy These 2 Ridiculously Cheap Financial Stocks?

Financial stocks like Manulife Financial Corp. (TSX:MFC)(NYSE:MFC) have been trounced in the recent downturn. Unlike tech stocks, they have not come back from the pounding. Is it time to load up on these high-yielding stocks?The post Should I Buy These 2 Ridiculously Cheap Financial Stocks? appeared first on The Motley Fool Canada.

Argentina Extends $65 Billion Offer After Bondholders Balk

(Bloomberg) -- Argentina extended the deadline for bondholders to consider a $65 billion restructuring offer, buying time for more talks after the government failed to win enough support to reach a deal.The government is open to accepting offers that both allow the country to reach its debt sustainability goals and enhance creditor recoveries, according to a statement. Hours earlier, Argentina extended the deadline on its debt offer to May 22 from May 8 in a resolution published in the Official Gazette on Monday. Neither statement disclosed what percentage of investors accepted the original proposal.Argentina’s dollar bonds climbed the most in three weeks after the government announced the extension, although the securities still trade near record lows as creditors brace for steep losses.“While many of our bondholders supported Argentina’s invitation, other significant groups of creditors did not,” the Economy Ministry said in the statement.The new deadline aligns with the due date for $500 million of delayed interest payments. Failure to reach an agreement or pay the cash by that date would result in a default, Argentina’s ninth in 200 years. To close the deal, the South American nation needs the support from creditors owning at least two-thirds of some of the outstanding bonds. Bonds edged higher on optimism the country can still avoid a hard default.The government’s debt team plans to speak with individual bondholders and creditor groups over the course of the week through video conferences, according to a person with direct knowledge of the matter who asked not to be named because the discussions are private. The deadline extension was first reported by Bloomberg.In its statement, the country said it would consider in good faith any proposal that meets its debt guidelines, including combinations of interest rates, capital reduction, grace periods and extension of maturities different from those that have been proposed.The extension “will give the government time to revise its proposal on the basis of the feedback it has received,” said Richard Segal, a senior analyst at Manulife Investment Management in London, which has $409 billion of assets, including Argentine debt. “Investors recognize that Argentina can’t afford to pay much near- to medium-term.”The bonds trade at deeply distressed levels near 30 cents on the dollar. Argentina’s $4.5 billion in dollar notes due next year rose 2.2 cents to 33 cents on the dollar at market close in New York Monday.Before the original deadline on Friday, the country’s three largest creditor groups had already rejected the terms of the offer, which asked bondholders to take significant losses on interest and set a three-year grace period before any payments are made.Argentina had won the backing of the International Monetary Fund and academics including Joseph Stiglitz and Jeffrey Sachs, and insisted that even before the coronavirus pandemic began wrecking its economy, it was unable to pay what is owed.Read More: Argentina Awaits Creditor Counteroffers as Deadline Passes The South American country, which resolved its previous default just four years ago, lured billions of dollars of investment in 2016 after the inauguration of President Mauricio Macri, who had vowed to bring back economic growth. Instead, the country saw a sharp plunge in the value of its currency, accelerating inflation and a severe economic contraction. He was voted out of office last year, replaced by the left-wing Fernandez.The agriculture-driven economy is poised to contract for a third-consecutive year in 2020. Officials are battling a widening gap between Argentina’s official and unofficial exchange rates due to capital controls and annual inflation that’s still hovering above 48%.“The government insists publicly that it wants to avoid a default but the current crisis offers the perfect excuse for President Alberto Fernandez to play hardball with Argentina’s creditors,” analysts at consulting firm Teneo wrote in a note.The Province of Buenos Aires, which has followed the national government in submitting a proposal to rework $7 billion of its foreign debt, has given creditors until Monday to accept its initial offer. The province’s creditor group has panned the proposal, saying the deal represents a 60% loss to bondholders.(Updates with size and scope of bond move in third paragraph, bond price moves in ninth.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

There's A Lot To Like About Manulife Financial Corporation's (TSE:MFC) Upcoming CA$0.28 Dividend

Readers hoping to buy Manulife Financial Corporation (TSE:MFC) for its dividend will need to make their move shortly...

Manulife Financial Corp (MFC) Q1 2020 Earnings Call Transcript

MFC earnings call for the period ending March 31, 2020.

Manulife's (MFC) Q1 Earnings and Premium Sales Decline Y/Y

Manulife's (MFC) Q1 results reflect lower new business volumes in Japan and unfavorable policyholder experience in North America.

Manulife deploys new digital tools to combat falling Q1 income amid COVID-19

TORONTO — Manulife Financial Corp.'s top executive says COVID-19 has caused first quarter revenues to tumble, even as the insurer rolled out a suite of digital tools to accommodate customers and employees working from home.While the Toronto-based company was scrambling to bring a new chatbot to North America, launch e-claims in Asia and revamp global sales processes to cut down on contact, its net income attributable to shareholders fell to $1.3 billion from $900 million in the same period the year before.Manulife earned 64 cents per diluted share for the three months ended Mar. 31, a 40 per cent decrease from the $1.08 per share it reported a year earlier.That was five cents higher than analysts' expectations of 59 cents, according to financial markets data firm Refinitiv, and pushed Manulife's stock up by 25 cents or 1.5 per cent at $16.69 at the close of markets Wednesday.On a Thursday morning earnings call, Roy Gori, Manulife's chief executive, was confident that the tools would help the company bounce back and combat market headwinds."When the crisis hit and isolation measures were put in place around the world, we accelerated our plan to roll out technology more broadly in the region," said Gori, about the company's non-face-to-face contact sales processes that were launched across Asia after being piloted in China. "This enabled our distribution partners and agents to engage with our customers according to their preferences. It also positions us well to capitalize on any changes in customers' sentiment post-COVID-19 and supports productivity and retention of our agency force."Such tools were launched as Manulife transitioned 99 per cent of its North American employees and 95 per cent of its global staff to work remotely.With work-from-home restrictions loosening in Asia, about 80 per cent of its staff in China have returned to its facilities and Manulife's Hong Kong office is now about 50 per cent occupied.The evening before Manulife's earnings call, Gori told The Canadian Press that he was optimistic about the pandemic's impact on his company because COVID-19 was making people more appreciative of insurance and teaching them the value of saving for retirement and having diversified wealth management."What we have seen through other pandemics like SARS, for example, is that several months after the pandemic, people start thinking more about whether they have sufficient insurance coverage," he said."At this point in time, we are certainly getting calls from customers, and some of that is around whether they should get more coverage or more protection, but we typically see there's a little bit of a lag with that."He will continue to monitor trends like that from home, where he has been working amid the pandemic.That shift has been "quite an adjustment," he admitted."I'm very much a people person so I like to meet with people face to face and discuss things and topics and brainstorm. So that's been more difficult or challenging than anything else," he said."But to be frank, when you think about the challenges that people around the world are dealing with, that challenge feels so insignificant, so it's really hard to complain about some of the awkwardness."This report by The Canadian Press was first published May 7, 2020Companies in this story: (TSX:MFC)Tara Deschamps, The Canadian Press

Manulife's income takes a hit in Q1 as company faces COVID-19 challenges

TORONTO — Manulife Financial Corp. says its net income attributable to shareholders tumbled to $1.3 billion in the first quarter, down $900 million from the same period the year before.The Toronto-based insurer earned 64 cents per diluted share for the three months ended Mar. 31, a 40 per cent decrease from the $1.08 per share it reported a year earlier.That was five cents higher than an analyst forecast of 59 cents, according to financial markets data firm Refinitiv.Excluding one-time items, adjusted or core earnings plunged in the same time period by 34 per cent to $1 billion or 51 cents per share from $1.5 billion or 76 cents per share.Manulife president and chief executive Roy Gori says the company's earnings were impacted by COVID-19-related disruptions to capital markets and the broader economy.Manulife shares were up by 25 cents or 1.5 per cent at $16.69 at the close of markets Wednesday.This report by The Canadian Press was first published May 6, 2020Companies in this story: (TSX:MFC)The Canadian Press

2 Super Dividend Stocks Too Cheap to Ignore

Manulife Financial Inc. (TSX:MFC)(NYSE:MFC) and Sun Life Financial (TSX:SLF)(NYSE:SLF) are two dividend stocks that can be had for cheap in this market.The post 2 Super Dividend Stocks Too Cheap to Ignore appeared first on The Motley Fool Canada.

1 Ultra-High-Yielding TSX Stock to Watch

With markets still displaying volatility, long-term investors are seeking out value picks for the long run. This high-yielding TSX stock now offers a great yield for cheap.The post 1 Ultra-High-Yielding TSX Stock to Watch appeared first on The Motley Fool Canada.

TFSA Users: 2 Insanely Cheap Stocks to Load Up on

The 2020 market crash is harsh. However, TFSA users can load up on cheap dividend payers like the National Bank of Canada stock and Manulife stock for added tax-free gains.The post TFSA Users: 2 Insanely Cheap Stocks to Load Up on appeared first on The Motley Fool Canada.

TFSA Investors: This Market Crash Could Double Your Money in 2 Years

You can use this market crash as an opportunity to double your money by investing in a stock like Manulife Financial.The post TFSA Investors: This Market Crash Could Double Your Money in 2 Years appeared first on The Motley Fool Canada.

Market Rally: How to Invest $6,000 Right Now

With the recent small market rally, some stocks are looking like great buys for long-term investors. Here's how to put $6,000 to work today.The post Market Rally: How to Invest $6,000 Right Now appeared first on The Motley Fool Canada.

Is Manulife (TSX:MFC) Stock a Must-Buy at $17?

Manulife Financial Corp. (TSX:MFC)(NYSE:MFC) stock looks like a bargain buy after the coronavirus crash, but is it actually a deep-value play at today's levels?The post Is Manulife (TSX:MFC) Stock a Must-Buy at $17? appeared first on The Motley Fool Canada.

RRSP Investors: 3 Stocks That Can Triple Your Money in 2020

The first months of 2020 have been rough, but RRSP investors can look to add Park Lawn Corporation (TSX:PLC) and other stocks to their portfolios at a discount.The post RRSP Investors: 3 Stocks That Can Triple Your Money in 2020 appeared first on The Motley Fool Canada.

Forget Air Canada (TSX:AC): 1 Bargain TSX Stock to Buy Instead

Air Canada (TSX:AC)(TSX:AC.B) stock doesn’t pay you to wait. This TSX Dividend Aristocrat stock does! Get an awesome 6.6% yield now!The post Forget Air Canada (TSX:AC): 1 Bargain TSX Stock to Buy Instead appeared first on The Motley Fool Canada.

Invest $3,000 in These 3 Top Stocks Right Now

If you have even a little cash available to invest, I would consider these three stocks first and foremost. The post Invest $3,000 in These 3 Top Stocks Right Now appeared first on The Motley Fool Canada.

Does Manulife Financial Corporation's (TSE:MFC) CEO Salary Compare Well With Others?

Roy Gori became the CEO of Manulife Financial Corporation (TSE:MFC) in 2017. First, this article will compare CEO...