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0.000137117784176483 0.000822706705059677 -0.000137117784176678 0.00178253119429584 0.00448100918689142 0.0080899492664199 0.00562182915124087 0.00616755793226376
Stock impact report

Investor Outlook: Manulife posts $1.5B profit, hikes dividend 10% [BNN Bloomberg (Canada)]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: manulife.com/investor-relations
Company Research Source: BNN Bloomberg
BNN Bloomberg spoke with Colin Simpson, chief financial officer at Manulife, about earnings growth, margin expansion in Asia, net outflows in asset management and the launch of new ETF-based mutual funds and a global credit strategy. Key Takeaways Manulife reported $1.5 billion in quarterly profit, with earnings up five per cent and per-share earnings up nine per cent, and raised its dividend by 10 per cent. Shares fell as much as five per cent after results, partly due to softer fourth-quarter sales in Hong Kong and $9.5 billion in net asset management outflows. Hong Kong sales declined quarter over quarter, but full-year sales in the region rose 21 per cent and margins improved to 52.4 per cent from 39.7 per cent a year earlier. The company announced a new share buyback of about 2.5 per cent of outstanding shares, signalling confidence in capital strength. Manulife launched ETF-based mutual funds and a global credit strategy to broaden access to actively managed equity, Show less Read more
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