Despite being under some selling pressure this morning, there is a lot to like about the latest Manulife Financial earnings. Their goal was to achieve earnings of $4 billion for the fiscal 2016 year. They met that goal and beat earnings estimates of $1.85 to return $1.96 in earnings. That compares with $1.68 per share for a year earlier.
Earnings Jump 16.6%
That’s a 16.6% earnings jump. That will reduce the stock’s price to earnings ratio below the industry average.
Dividend Boosted 11%
As well they boosted their dividend 11 percent to a quarterly payout of $0.205 cents per share.
Manulife Stock Trade Alerts
This has resulted in two new trades this morning in Manulife Financial Stock.
The rest of this article is for FullyInformed Members.
Manulife Financial Stock (MFC) Trade Alerts
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