Manulife Financial Corp
MFC: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $gt | LOCK|@q^ | LOCK|S!qq&K& |
Manulife Earnings: Headwinds From Canada and Investment Management Businesses; Shares Expensive
Manulife reported slightly disappointing results for the first quarter, with headwinds in its domestic group insurance and Asia retirement businesses. The firm’s first-quarter results translated into an adjusted return on equity of 16.5%, below its medium-term of 18%-plus.
