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Manulife (MFC) reported earnings 30 days ago. What's next for the stock?
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , June 5, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife") today announced that after having taken into account all election notices received by the June 4, 2024 deadline for conversion of its currently outstanding 8,000,000 Non-cumulative Rate Reset Class 1 Shares Series 15 (the "Series 15 Preferred Shares") (TSX: MFC.PR.L) into Non-cumulative Floating Rate Class 1 Shares Series 16 of Manulife (the "Series 16 Preferred Shares"), the holders of Series 15 Preferred Shares are not entitled to convert their Series 15 Preferred Shares into Series 16 Preferred Shares. There were 7,209 Series 15 Preferred Shares elected for conversion, which is less than the minimum one million shares required to give effect to conversions into Series 16 Preferred Shares.
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Manulife (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.
Manulife President and CEO Roy Gori discusses the company's exposure to long-term care, growth strategy and Asian business with Katie Greifeld on Bloomberg Television. -------- More on Bloomberg Television and Markets Like this video?
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Manulife (MFC) first-quarter results reflect strong business growth across its insurance businesses and higher fee income in Global WAM, driven by favorable market impact and positive net flows.
Redesigning and repricing of products and services and a rising rate environment are likely to help Zacks Life Insurance industry players like MFC, SLF, RGA, PRI and LNC. These companies are investing heavily in digitization.
Manulife (MFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Manulife Financial (MFC) have what it takes?