
TSE:MFC
This summary was created by AI, based on 27 opinions in the last 12 months.
Manulife Financial (MFC) has shown solid performance recently, particularly in Asia, where it benefits from healthy growth and a stable business in wealth management. However, there is concern over potential government-imposed taxes on its products in mainland China. While the stock has performed well, analysts caution that it is currently feeling somewhat overbought, trading at a price-to-earnings ratio above its historical levels, and advise investors to be selective. Consensus analysis suggests good long-term potential due to its decent dividend yield and solid execution in asset management, even as financial conditions such as interest rates fluctuate. Overall, MFC is viewed as a reliable income stock, with room for growth despite being traded at attractive valuations compared to Canadian banks.
Interesting, likes the name. Perhaps management doesn't pay out more to shareholders or buy back shares because they want to expand or keep cash on hand. Doing well. Will benefit long-term from growth in Asia. 7-8x forward earnings, with 7-9% earnings growth going forward. Revenues and earnings will grow. He owns SLF and GWO instead. Yield of 4.5%.
Banks or lifecos? She likes both sectors, so it's not an either-or question. Banks will benefit from the reopening/recovery. She expects earnings upside and revisions probably later this year. Bank stocks have had a nice rally this year, but long term they remain attractive given their yields. The lifecos' valuations remain good, and wealth management offers key growth. She likes MFC's presence in Asia for its strong long-term growth. She owns TD, Royal and BNS.