
TSE:SLF
This summary was created by AI, based on 12 opinions in the last 12 months.
Sun Life Financial Inc (SLF) has experienced a recent rally, supported by strong performances in the money management sector, which benefits from favorable market conditions. However, the company faces challenges in its dental business in the U.S., raising concerns about its ability to meet future profit targets. There is mixed performance across its various segments, with asset management showing slower growth, and a notable decrease in net income from individual protection. Despite a recent quarter that fell slightly short in expectations, experts maintain a generally positive outlook on SLF due to its historical track record, strong dividend growth, and significant international presence, particularly in Asia. While some analysts suggest a cautious approach, many see value in holding SLF as it adjusts to market changes and leverages opportunities for growth.
MFC vs. SLF They're both good and relatively safe. They both have asset management businesses. Earnings growth will be 7-11% in 2020, which is far higher than the 1-3% for the banks. Also, they trade at single-digit multiples, cheap. According to book value, SLF is far more expensive, so he prefers MFC. MFC has more upside than SLF, but you're splitting hairs with these two.