Manulife Financial: A Great Long-Term Hold In The Canadian Lifeco Space
MFCMANULIFE(MFC) Seeking Alpha·2024-08-17 04:34
skynesher/E+ via Getty Images Please note all $ figures in $CAD, not $USD, unless otherwise noted. Introduction Shares of Manulife Financial Corporation (NYSE:MFC, TSX:MFC:CA) have been on a tear lately, up 23% year to date and 41% over the last year. With strong share price performance driven by increasing ROEs across the Canadian Lifeco space, I think shares are still attractively priced when we consider that the company's ROEs are sustainable. As such, I believe the company's valuation doesn't fully  ...