Manulife Financial Corp

MFC: XTSE (CAN)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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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.

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