Manulife Financial (MFC) Shares Gain on New Financial Goals
MFCMANULIFE(MFC) ZACKS·2024-06-29 00:15

Shares of Manulife Financial Corporation (MFC) gained 1.2% in the last three trading sessions, reflecting investor optimism about the company’s new financial goals, banking on operational efficiency. This Zacks Rank #3 (Hold) company expects to generate a return on equity (ROE) of 18% by 2027, up from 15% expected earlier. Manulife is one of the three dominant life insurers within its domestic Canadian market and possesses rapidly growing operations in the United States and several Asian countries. Its Asia ...