Manulife Financial (NYSE:MFC) Announces Quarterly Earnings Results

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

Manulife Financial Stock Up 8.0 %

NYSE MFC traded up $2.37 on Thursday, reaching $32.15. The company had a trading volume of 2,056,775 shares, compared to its average volume of 1,975,531. The stock has a market capitalization of $55.41 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.04 and a beta of 1.09. The company’s fifty day moving average is $30.31 and its 200 day moving average is $29.70. Manulife Financial has a 52-week low of $22.61 and a 52-week high of $33.07.

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.