Manulife Financial (NYSE:MFC) Announces Quarterly Earnings Results

Manulife Financial (NYSE:MFC) (TSE:MFC) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07, Zacks reports. Manulife Financial had a return on equity of 16.11% and a net margin of 9.79%. The business had revenue of $9.31 billion during the quarter.

Manulife Financial Price Performance

MFC traded up $2.56 during midday trading on Thursday, reaching $32.34. 1,449,983 shares of the company’s stock were exchanged, compared to its average volume of 1,956,237. The business’s 50-day moving average price is $30.31 and its 200 day moving average price is $29.70. Manulife Financial has a 1-year low of $22.61 and a 1-year high of $33.07. The stock has a market capitalization of $55.73 billion, a PE ratio of 15.62, a P/E/G ratio of 1.04 and a beta of 1.09.

About Manulife Financial

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.