|Bid||23.29 x 0|
|Ask||23.30 x 0|
|Day's Range||23.21 - 23.57|
|52 Week Range||18.33 - 25.20|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||8.50|
|Earnings Date||Aug 7, 2019|
|Forward Dividend & Yield||1.00 (4.05%)|
|1y Target Est||29.35|
Stocks like Canadian Western Bank (TSX:CWB) might be getting overlooked in favour of bigger financial investments – but are they worth buying?
TORONTO, May 14, 2019 /CNW/ - Manulife today released its 2018 Sustainability Report and Public Accountability Statement. The report highlights Manulife and John Hancock's initiatives that supported the economic, environmental and social well-being of customers, employees and communities throughout 2018.
Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) and Brookfield Asset Management Inc. (TSX:BAM.A)(NYSE:BAM) are both solid financial institutions, but while one has a promising future ahead, the other might be best to avoid for the time being.
Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (16,297.55, down 24.20 points).Prometic Life Sciences Inc. (TSX:PLI). Health care. Down one cent, or 20 per cent, to four cents on 14.4 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down 45 cents, or 1.86 per cent, to $23.80 on 9.9 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 0.93 per cent, to $2.13 on 8 million shares.Crescent Point Energy Corp. (TSX:CPG). Up four cents, or 0.76 per cent, to $5.33 on 6.9 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 24 cents, or 0.49 per cent, to $49.41 on 6.9 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up one cent, or 0.09 per cent, to $11.26 on 6.7 million shares.Companies reporting:Freshii Inc. (TSX:FRII). Down six cents or 2.7 per cent to $2.15. Freshii Inc. plans to launch higher-quality protein ingredients as it attempts to win back customers amid continued negative sales performance. Yet its chief executive is convinced the eatery chain is headed in the right direction. Freshii, which opened its first store in 2005, struggled with trying to do too much at once and suffered from slower-than-expected store growth and shrinking same-store sales, a key retail metric. Its same-store sales for the first quarter fell 0.9 per cent compared to the same quarter the previous year. Its net income plummeted to US$103,000 from $431,000 while revenues rose seven per cent to $5.2 million.Recipe Unlimited Corp. (TSX:RECP). Up 37 cents to $27.57. Recipe Unlimited Corp. says its core first-quarter earnings and same-store sales decreased despite a 12.5 per cent growth in system-wide sales. The company formerly known as Cara Operations says it earned $22.7 million for the period ended March 31, compared with $21.5 million a year earlier. System-wide sales rose to $850.7 million from $755.9 million, primarily due to the addition of The Keg and increases in the retail and catering segment from Swiss Chalet branded products and increases in frozen pot pie sales.Enbridge Inc. — Enbridge Inc. is working with shippers to optimize its Mainline pipeline system in a bid to boost throughput by 50,000 to 100,000 barrels per day. Chief executive Al Monaco said Friday that although its Liquids Mainline System — the largest export option for western Canadian producers — was full and hit a record this quarter, storage levels in Alberta remain "stubbornly high." Permitting issues in the U.S. have delayed Enbridge's Line 3 replacement pipeline project until the second half of 2020, a year later than expected. The Line 3 project is expected to add 370,000 barrels per day of export capacity of Canadian crude.Bombardier Inc. (TSX:BBD.B). — Bombardier Inc. is facing a possible ban from World Bank-financed projects after it received a show-cause letter related to a rail equipment deal plagued by corruption allegations. The letter is the latest development in an ongoing investigation into a roughly $340-million contract awarded to a Bombardier-led consortium in 2013 to supply signalling equipment in Azerbaijan. Bombardier says it disagrees with the allegations in the letter, which include accusations the company engaged in delaying practices or obstructive behaviour regarding the audit. The Canadian Press
TORONTO, May 9, 2019 /CNW/ - Employee benefits plans have changed very little in recent years and Manulife — which serves one in three Canadians and is one of the largest benefits providers in Canada — is at the forefront of changing that for the better. Committed to be the most digital, customer-centric company in its industry, Manulife is bringing together new technology and innovative thinking to truly transform the benefits experience for Canadians. Manulife Vitality is changing the experience of benefits programs beginning this July.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Investors who want to cash in on Manulife Financial Corporation's (TSE:MFC) upcoming dividend of CA$0...
Manulife Investment Management now brings its wealth management and investment expertise together across these three complementary business lines, and across the Americas, Asia and Europe, to better serve investors worldwide. This unified presence will provide customers and intermediaries with a more consistent, seamless entry into its various investment management businesses, including the launch of manulifeinvestmentmgt.com. The new brand allows Manulife Investment Management to extend its strengths deeper into existing channels and markets and strategically position products and solutions to both current and future investors.
TORONTO, May 6, 2019 /CNW/ - Manulife Financial Corporation ("Manulife") today announced that it does not intend to exercise its right to redeem all or any of its currently outstanding 8,000,000 Non-cumulative Rate Reset Class 1 Shares Series 15 (the "Series 15 Preferred Shares") (TSX:MFC.PR.L) on June 19, 2019. As a result, subject to certain conditions described in the prospectus supplement dated February 18, 2014 relating to the issuance of the Series 15 Preferred Shares (the "Prospectus"), the holders of the Series 15 Preferred Shares have the right, at their option, to convert all or part of their Series 15 Preferred Shares on a one-for-one basis into Non-cumulative Floating Rate Class 1 Shares Series 16 of Manulife (the "Series 16 Preferred Shares") on June 19, 2019. A formal notice of the right to convert Series 15 Preferred Shares into Series 16 Preferred Shares will be sent to the registered holders of the Series 15 Preferred Shares in accordance with the share conditions of the Series 15 Preferred Shares.
While Toronto-Dominion Bank (TSX:TD)(NYSE:TD) and Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) are both strong dividend-paying financial stocks. See why Manulife stands out today as more attractively valued with a higher dividend yield and fewer headwinds going forward.
While Indonesia is a net importer of oil, its exports of raw materials tend to rally in tandem with the commodity, said Katarina Setiawan, a strategist at the firm’s local unit, which manages the equivalent of $4.78 billion. The Jakarta Composite Index should rally to as high as 7,100 this year, she said, a gain of 11 percent from Thursday’s close. “Historically, a high oil price has been able to lift prices of other commodities and push the economy to grow faster,” Setiawan said during the firm’s market outlook presentation on Thursday.
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , May 2, 2019 /CNW/ - Manulife Financial Corporation (Manulife) announced today that the nominees listed in the management information ...