MFC.TO - Manulife Financial Corporation

Toronto - Toronto Delayed Price. Currency in CAD
27.19
+0.22 (+0.82%)
As of 11:17AM EST. Market open.
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Previous Close26.97
Open27.08
Bid27.19 x 0
Ask27.20 x 0
Day's Range26.93 - 27.34
52 Week Range20.59 - 27.78
Volume1,152,614
Avg. Volume5,085,046
Market Cap52.913B
Beta (5Y Monthly)1.38
PE Ratio (TTM)11.16
EPS (TTM)2.44
Earnings DateFeb. 11, 2020
Forward Dividend & Yield1.00 (3.61%)
Ex-Dividend DateNov. 16, 2019
1y Target Est31.11
  • Poloz Enters Home Stretch Hawkish on Rates
    Bloomberg

    Poloz Enters Home Stretch Hawkish on Rates

    (Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Stephen Poloz is heading into the final few months of his term as Bank of Canada governor showing few signs of giving up his status as one of the industrialized world’s most hawkish central bankers.At a decision Wednesday, the bank is widely expected to hold its key interest rate at 1.75%, keeping it unchanged for a 10th-straight meeting and leaving Canada with the highest rate among advanced economies.Markets also don’t see much chance that Poloz, who leaves office in June, will lower borrowing costs in any of his final three meetings after this one, with odds of a cut at less than 40% over that time. That’s despite having reason to cut, given the economy looks to have slowed sharply at the end of last year.Here are some of the reasons why he’s seen remaining on hold:Neutral ToneIn public appearances since October, including a number from Poloz, officials have sought to accentuate the positive, highlighting the nation’s strong jobs market and on-target inflation. At the same time, they’ve been reluctant to put much stock in weaker indicators they say are transitory.Last month, Deputy Governor Timothy Lane defended the Bank of Canada’s decision to buck the global easing trend, saying the nation’s resilient economy is allowing it to “chart its own course in monetary policy.”“The more that we hear from Bank of Canada the less they seem willing” to cut rates, said Frances Donald, Toronto-based global chief economist at Manulife Investment Management.InflationUnderlying price pressure as measured by core inflation has been stable near the Bank of Canada’s 2% target for about two years. That reflects an economy running nicely at around its capacity -- neither too hot nor too cold.Of course, what matters more for policy makers is where inflation is headed rather than where it’s been, and the central bank will update its outlook with new quarterly forecasts on Wednesday. They will probably revise down fourth quarter growth estimates, from their October projection of 1.3%. Growth is trending at less than 1% for the final three months of last year, according to the latest Bloomberg survey of economists.But the net effect of the changes isn’t clear. For all of 2019, growth may be higher than the bank previously forecast because upward historical revisions by Statistics Canada means the economy probably had less slack to begin with.A weak fourth quarter also doesn’t necessarily mean the central bank will cut its growth forecasts for 2020, given the stabilizing outlook for the global economy and some positive developments on the trade front.Home PricesOfficials sometimes downplay the extent to which household debt and financial stability factor into rate setting, but the recent housing rebound and acceleration in borrowing will only amplify their concern.Poloz highlighted the possibility earlier this month that speculative activity is returning in some major real estate markets. That’s one more reason not to cut.Core MandateTo be sure, Poloz won’t hesitate to lower rates if there’s a discernible worsening in the outlook. The central bank’s primary inflation-targeting objective is aimed at ensuring the economy grows at a sustainable pace over the medium term. Financial stability is a secondary concern.So if the data continue to disappoint, a rate cut may be in the offing. While investors are sanguine about a move, nine of 17 economists surveyed by Bloomberg are anticipating at least one rate cut by June.Nor, if history is any guide, will Poloz’s imminent departure hinder him from acting. David Dodge cut rates in his final decision as governor in January 2008. So did Gordon Thiessen in 2001.That said, as long as the economy remains in a relatively good place and household debt levels continue to pick up, Poloz may be content to simply stand pat before he stands down.To contact the reporter on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.netTo contact the editors responsible for this story: Theophilos Argitis at targitis@bloomberg.net, Chris Fournier, Stephen WicaryFor 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.

  • CNW Group

    Manulife Investment Management's Global Intelligence report outlines potential risks and opportunities over the next 12 months, and beyond

    CAD$ unless otherwise stated TSX/NYSE/PSE: MFC   SEHK: 945 BOSTON , HONG KONG and TORONTO , Jan. 21, 2020 /CNW/ - Manulife Investment Management today released its biannual Global Intelligence report, ...

  • Canadian Retirees: 3 Must-Own Dividend Stars
    The Motley Fool

    Canadian Retirees: 3 Must-Own Dividend Stars

    Retirees should consider targeting dividend stocks like Genworth MI Canada Inc. (TSX:MIC) to start this decade.

  • CNW Group

    Manulife to Release Fourth Quarter and Year End 2019 Financial Results

    Manulife to Release Fourth Quarter and Year End 2019 Financial Results

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (17,352.90 , up 59.48 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Up 11 cents, or 4.95 per cent, to $2.33 on 14.6 million shares.Aphria Inc. (TSX:APHA). Health care. Down 61 cents, or 8.59 per cent, to $6.49 on 10.2 million shares.Encana Corp. (TSX:ECA). Energy. Down 14 cents, or 2.46 per cent, to $5.54 on 9.1 million shares.Canopy Growth Corp. (TSX:WEED). Health care. Up $1.02, or 3.39 per cent, to $31.14 on 7.1 million shares.Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down nine cents, or 0.48 per cent, to $18.74 on 5.3 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down six cents, or 0.22 per cent, to $27.49 on 5.1 million shares. Companies in the news:Aphria Inc. — Aphria Inc. slashed its outlook after a delay in opening additional Ontario cannabis stores and a ban on vape products in Alberta. The Leamington, Ont.-based cannabis company said Tuesday that it now expects net revenue for its 2020 financial year to be between $575 million and $625 million. It had previously predicted that total would be between $650 million and $700 million. Aphria also said its adjusted earnings before interest, taxes, depreciation and amoritization will now amount to between $35 million and $42 million, rather than between $88 million and $95 million.Encana Corp. — Shareholders in Encana Corp. have voted overwhelmingly in favour of the oil and gas company moving its headquarters to Denver from Calgary and changing its name to Ovintiv Inc. CEO Doug Suttles says the 90 per cent vote in favour of the resolution shows clear support for the long-standing Canadian company's decision to move its corporate home south of the border, despite public criticism from Encana founder Gwyn Morgan and shareholder Letko, Brosseau & Associates Inc. Encana announced the changes in October as part of a reorganization that includes a one-for-five share consolidation, also approved by shareholders on Tuesday.Endeavour Mining Corp. (TSX:EDV). Up $1.30 or 5.5 per cent to $24.96. Endeavour Mining Corp. is walking away from its attempt to buy Centamin PLC. The companies had been in merger talks since late last year regarding a possible deal after Toronto-listed Endeavour made a stock-swap proposal to acquire Centamin. The proposal valued Centamin at roughly $2.5 billion at the time. However, Endeavour now says it does not plan to make a firm offer and therefore the merger discussions have been terminated.This report by The Canadian Press was first published Jan. 14, 2020.The Canadian Press

  • Manulife Investment Management announces $30 million redevelopment of Manulife Place
    CNW Group

    Manulife Investment Management announces $30 million redevelopment of Manulife Place

    EDMONTON , Jan. 14, 2020 /CNW/ - Manulife Investment Management announced today plans for a $30 million redevelopment of Manulife Place, its landmark 36-storey office and retail tower in the heart of Edmonton's downtown core. A 45,000 square foot rooftop terrace will also be constructed, providing an acre of fully-landscaped parkland in the heart of downtown Edmonton—an amenity that is exclusive to Manulife Place.

  • TFSA Investors: 2 Dividend Stocks With Positive Trends
    The Motley Fool

    TFSA Investors: 2 Dividend Stocks With Positive Trends

    Looking for dividends, value, and growth for your TFSA? Consider Manulife Financial (TSX:MFC)(NYSE:MFC) and another solid dividend stock.

  • Canada Revenue Agency: 1 RRSP Method to Pay Less Tax With Your RRSP
    The Motley Fool

    Canada Revenue Agency: 1 RRSP Method to Pay Less Tax With Your RRSP

    Find out how you can prevent the CRA from taking a bigger bite out of your retirement nest egg and save yourself some money in taxes.

  • CNW Group

    Manulife Investment Management Closes $1.5 billion Private Equity Fund

    US$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 BOSTON , Jan. 9, 2020 /CNW/ - Manulife Investment Management (Manulife) announced today the closing of approximately US$1.5 billion in commitments ...

  • Is Manulife Financial Corporation's (TSE:MFC) 9.2% ROE Better Than Average?
    Simply Wall St.

    Is Manulife Financial Corporation's (TSE:MFC) 9.2% ROE Better Than Average?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • This 1 Factor Accounts for 95% of All Long-Term Stock Returns
    The Motley Fool

    This 1 Factor Accounts for 95% of All Long-Term Stock Returns

    Stocks like Manulife Financial (TSX:MFC)(NYSE:MFC) can deliver steady dividends that can be reinvested for massive gains.

  • 2 TSX Stocks to Load Up on in 2020
    The Motley Fool

    2 TSX Stocks to Load Up on in 2020

    Telus and Manulife Financial stocks could be ideal stocks to buy and hold as you begin the new decade.

  • CNW Group

    Manulife Investment Management Announces Final Reinvested Distributions for Manulife Exchange Traded Funds

    Manulife Investment Management Announces Final Reinvested Distributions for Manulife Exchange Traded Funds

  • CNW Group

    Manulife Investment Management Announces Final 2019 Cash Distributions for Manulife Exchange Traded Funds

    C$ unless otherwise stated TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Dec. 31, 2019 /CNW/ - Manulife Investment Management today announced the final December 2019 cash distributions for Manulife Exchange ...

  • Better Than Banks: Should You Buy Manulife (TSX:MFC) or Intact Financial (TSX:IFC) for 2020?
    The Motley Fool

    Better Than Banks: Should You Buy Manulife (TSX:MFC) or Intact Financial (TSX:IFC) for 2020?

    Should you buy Manulife Financial Corp. (TSX:MFC)(NYSE:MFC) or Intact Financial Corp. (TSX:IFC) over the Canadian banks?

  • Manulife forms U.S. real estate joint venture with Israeli company Harel
    The Canadian Press

    Manulife forms U.S. real estate joint venture with Israeli company Harel

    TORONTO — Manulife Investment Management has formed a U.S. real estate joint venture with Harel Insurance Co. Ltd. (Harel), part of Israel's largest insurance and financial group.The Canadian company says it expects the US$1.2-billion joint venture will invest in a portfolio focused on office, industrial and multi-family properties in select markets in the United States.Manulife Investment Management is the global wealth and asset management business of Manulife Financial Corp.The company says the joint venture is part of an effort to provide specialized asset management options for global investors.The firm holds a portfolio of office, industrial, retail and multi-family properties in major metropolitan markets.Harel Insurance is part of Harel Insurance Investments and Financial Services Ltd.This report by The Canadian Press was first published Dec. 19, 2019.Companies in this story: (TSX:MFC)The Canadian Press

  • CNW Group

    Manulife Investment Management closes $1.2 Billion U.S. Real Estate Joint Venture with Harel Insurance Investments & Financial Services Ltd.

    US$ unless otherwise stated TSX/NYSE/PSE: MFC    SEHK: 945 BOSTON , Dec. 19, 2019 /CNW/ - Manulife Investment Management (Manulife) announced today that as part of its ongoing effort to provide specialized ...