Manulife Financial (MFC) Stock

MFC appears well-poised for growth on its strengthening Asia business, expanding Wealth and Asset Management business, cost savings to improve profitability and solid capital position.

Does Manulife Financial (MFC) have what it takes to be a top stock pick for momentum investors? Let's find out.

MFC inks a $5.4 billion reinsurance agreement with RGA to optimize the portfolio and release capital to distribute wealth to its shareholders.

C$ unless otherwise stated                                                                                   TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Nov. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife") today announced the applicable dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 17 (the "Series 17 Preferred Shares") (TSX: MFC.PR.M) and Non-cumulative Floating Rate Class 1 Shares Series 18 (the "Series 18 Preferred Shares"). With respect to any Series 17 Preferred Shares that remain outstanding after December 19, 2024, holders thereof will be entitled to receive fixed rate non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Manulife and subject to the provisions of the Insurance Companies Act (Canada).

Manulife Investment Management's Rana Gupta likes large private sector banks as they remain profitable, and quick commerce companies that managed to defy a poor consumer season. He does see a risk of foreign promoters selling IPOs in India and cashing out, causing capital outflows.

C$ unless otherwise stated                                            TSX/NYSE/PSE: MFC     SEHK: 945 Board names Phil Witherington, Manulife Asia CEO, as Successor TORONTO , Nov. 18, 2024 /PRNewswire/ - Manulife Financial Corporation's (MFC) Board today announced that President and Chief Executive Officer Roy Gori has informed them of his intention to retire, effective May 8, 2025, with Phil Witherington appointed as his successor and joining the Board of Directors at that time. To support this transition, following Mr.

Manulife (MFC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

MFC's Q3 results reflect positive net flows, higher net fee income and increased sales volumes, offset by lower investment spreads across the segments.

Manulife Financial Corporation (NYSE:MFC ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Hung Ko - Vice President of Investor Relations Roy Gori - President & Chief Executive Officer Colin Simpson - Chief Financial Officer Trevor Kreel - Chief Investment Officer Steve Finch - Chief Actuary Marc Costantini - Global Head of Inforce Management Phil Witherington - President & Chief Executive Officer, Manulife Asia Conference Call Participants Meny Grauman - Scotiabank Tom Gallagher - Evercore ISI Gabriel Dechaine - National Bank Financial Alex Scott - Barclays Capital Paul Holden - CIBC Mario Mendonca - TD Securities Lemar Persaud - Cormark Securities Doug Young - Desjardins Capital Markets Tom MacKinnon - BMO Capital Markets Operator Please standby, your meeting is about to begin. Please be advised that this conference call is being recorded.