|Bid||19.79 x 0|
|Ask||19.80 x 0|
|Day's Range||19.53 - 19.83|
|52 Week Range||19.53 - 27.77|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||16.19|
|Earnings Date||Feb 13, 2019|
|Forward Dividend & Yield||1.00 (4.95%)|
|1y Target Est||29.37|
Here's why Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) and another two top Canadian companies deserve to be on your radar today.
Amid diving energy prices, the market for Treasury Inflation Protected Securities now signals a sub-2 percent annual inflation pace over at least the next 30 years. The plunge in breakeven rates -- a gauge of traders’ inflation expectations -- comes even as annual growth in consumer prices is hovering just above 2 percent. “Inflation breakevens continue to be under pressure, but the fundamental case for owning them appears to be intact,” Goldman Sachs analysts including Praveen Korapaty wrote in a note Wednesday.
TORONTO, Dec. 13, 2018 /CNW/ - Despite rising interest rates and common perceptions of consumerism tied to the holidays, 60 per cent of holiday spenders are still willing to go into debt to make purchases this holiday season, according to Manulife Bank's 2018 holiday debt survey. Join us as we pop up at the Toronto Eaton Centre to sing parodies of well-known carols infused with financial tips to help shoppers spend #LessMoneyMoreTime this holiday season.
The so-called core consumer price index, which excludes volatile food and energy costs, rose 0.2 percent from the prior month and 2.2 percent from a year earlier, according to a Labor Department report Wednesday. The broader CPI was unchanged from the prior month, also in line with projections, as energy prices plunged. The report indicates underlying inflation is steadying around the Fed’s 2 percent goal, without flaring up, as prices get support from the recent pickup in wages as well as higher materials costs amid the tariff war with China.
TORONTO, Dec. 12, 2018 /CNW/ - Manulife Investments announced today portfolio manager changes to two of its funds, sub advised by Mawer Investment Management Ltd.: Manulife Diversified Investment Fund1 and Manulife Tax-Managed Growth Fund2. Effective January 1, 2019, Craig Senyk is being appointed to the role of President of Mawer Investment Management Ltd. To focus entirely his efforts on his new role, he will be stepping down as the lead manager on Manulife Diversified Investment Fund and Manulife Tax-Managed Growth Fund. Travis Goldfeldt, who is already a named portfolio manager on both funds, will take over lead portfolio manager duties.
TORONTO, Dec. 11, 2018 /CNW/ - Manulife today announced that a new Manulife Exchange-Traded Fund (ETF) has closed its initial offering of units and will begin trading on the Toronto Stock Exchange today. Manulife Investments will offer a new multifactor ETF sub-advised by Dimensional Fund Advisors Canada ULC and DFA Australia Limited. "We believe that offering our investors a holistic suite of investment products ensures that they have access to an excellent value proposition," said Bernard Letendre, Head of Wealth and Asset Management, Manulife Canada.
Should investors take a chance on an insurance name such as Manulife Financial Corp. (TSX:MFC)(NYSE:MFC), or stick with a big domestic bank?
Manulife Financial (TSX:MFC)(NYSE:MFC) has a fantastic dividend yield, but with lacklustre long term performance, is it worth it?
Known as the inversion of the yield curve, where short-term interest rates climb above longer-dated ones, the signal is considered among the best predictors of a future slowdown. “There are signs of slowing global growth,” said Kim Forrest, a senior portfolio manager at Fort Pitt Capital Group. An inversion of the yield curve is a bad omen for equities, according to Bank of America Corp. strategists.
TORONTO, Nov. 26, 2018 /CNW/ - Manulife today announced it has updated its global brand, complete with a refreshed logo and visual identity that represents the Company's transformation into a digital, customer-centric market leader. The updates reflect the Company's focus on simplifying the complex for customers and communicate a unified, forward-thinking approach and the Company's commitment to innovation. "This updated brand marks a significant milestone on our transformation journey," said Manulife President and Chief Executive Officer Roy Gori.
Metro Inc. (TSX:MRU) is but one of three defensive stocks that can be expected to outperform in this market and that make great defensive stocks to add to portfolios.
TORONTO, Nov. 22, 2018 /CNW/ - Despite rising interest rates and common perceptions of consumerism tied to the holidays, 60 per cent of holiday spenders are still willing to go into debt to make purchases this holiday season, according to Manulife Bank's 2018 fall debt survey. This pressure can leave Canadians feeling defeated during the upcoming holiday season. Of those planning to spend this holiday season, four in 10 already have a budget in mind, however, more than half of those think they will overspend this holiday season.
Futures in New York rose 2.2 percent on Wednesday, clawing back some of their losses from the previous day’s rout. The Organization of Petroleum Exporting Countries is due to meet with other major producers in Vienna next month, with Saudi Arabia proposing at least a 1 million barrel a day cut to stabilize prices. The U.S. Energy Information Administration said domestic crude inventories rose 4.85 million barrels last week.
Manulife Financial Corp. (TSX:MFC)(NYSE:MFC) reported much-improved quarterly results earlier this month, but does that make the insurer a viable investment option?
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NEW YORK, NY / ACCESSWIRE / November 19, 2018 / MarketEdge Report strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with ...
TORONTO, Nov. 16, 2018 /CNW/ - Manulife Financial Corporation ("Manulife") announced today that it has entered into an automatic share repurchase plan (the "automatic plan") under which its designated broker will repurchase Manulife's common shares pursuant to its previously announced normal course issuer bid ("NCIB"). The actual number of common shares purchased under the automatic plan, the timing of such purchases and the price at which common shares are purchased will depend upon future market conditions. The automatic plan, which has been pre-cleared by the TSX, will provide for the potential repurchase of common shares at any time, including when Manulife ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules, or otherwise.
Attention dividend hunters! Manulife Financial Corporation (TSE:MFC) will be distributing its dividend of CA$0.25 per share on the 19 December 2018, and will start trading ex-dividend in 4 days time Read More...