Manulife Financial Corp
MFC: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| fJ | LOCK|&C | LOCK|CzBF>m |
Manulife Earnings: Growth Story in Asian Business in Full Swing; Maintaining Our CAD 39 Valuation
Manulife posted a strong set of numbers, with impressive growth in the Asian business. The firm reported core earnings of CAD 1.77 billion, or CAD 0.99 per share, in the first quarter, up 3% compared with the previous year. Adjusted return on equity was 15.6% during the quarter.
