Manulife Financial Corp MFC

Primary Symbol: T.MFC Alternate Symbol(s): MNQFF | T.MFC.PR.B | MNUFF | T.MFC.PR.C | T.MFC.PR.F | T.MFC.PR.I | T.MFC.PR.J | T.MFC.PR.K | T.MFC.PR.L | T.MFC.PR.M | MNLCF | T.MFC.PR.N | T.MFC.PR.P | T.MFC.PR.Q

Financial Services Insurance - Diversified

Manulife Financial Corporation is a Canada-based international financial services provider. The Company provides financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Its segments include Wealth and asset management businesses, Insurance and annuity products, and Corporate and Other segment. Wealth and asset management businesses branded as Manulife Investment Management, provide investment advice and solutions to retirement, retail, and institutional clients. Insurance and annuity products include a variety of individual life insurance, individual and group long-term care insurance and guaranteed and partially guaranteed annuity products. Products are distributed through multiple distribution channels, including insurance agents, brokers, banks, financial planners and direct marketing. Corporate and Other segment comprise the investment performance of assets backing capital.

TSX:MFC - Post by User

Manulife Financial Corp > Top Pick on BNN Market Call

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Comment by Possibleidiot01on Mar 19, 2024 5:54pm

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Post# 35941713

RE:Top Pick on BNN Market Call

TOP PICK

Their big product was guaranteeing a life insurance policy on stock returns. So, when the market melted down, there was a big scare. Now, the market has come back, and those policies won't lose as much. MFC used to be held up by a fortress balance sheet. 15 years later, they've grown into that balance sheet. Saw nice earnings growth in 2023 and expects it also for 2024.

(Analysts’ price target is $35.37)

insurance

$32.890

Owned

Manulife (MFC TSX)

Fifteen years after the global financial crisis – which regulators forced MFC to build a fortress balance – the company has finally grown into that balance sheet and we are seeing respectable earnings and dividend growth. EPS is forecast to be in the 3.70 range and 12 times multiple would give a target of more than $44, or 38 per cent, which goes over 40 per cent when you add in the 4.9 per cent dividend.

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