Manulife Financial Corp reported a 20 percent rise in fourth-quarter profit as stronger mutual fund sales and a C$350 million gain on the sale of its Taiwan insurance business offset weaker insurance sales, but results still fell short of estimates.Manulife, Canada's biggest life insurer, said on Thursday that net income attributed to shareholders was C$1.3 billion ($1.18 billion), or 68 Canadian cents a share, compared with C$1.1 billion, or 57 Canadian cents a share, a year earlier.Core profit, which excludes one-time items and market-related gains and losses, was C$685 million, or 35 Canadian cents a share, up from C$554 million, or 28 Canadian cents per share.The average analyst estimate for core profit was 38 Canadian cents a share, according to Thomson Reuters I/B/E/S.
Manulife Financial Corporation (MFC) is a Canada-based financial services group with principal operations in Asia, Canada and the United States. Shares of MFC traded higher by 2.15% or $0.4/share to $18.99. In the past year, the shares have traded as low as $13.43 and as high as $20.36. On average, 2101620 shares of MFC exchange hands on a given day and today's volume is recorded at 3134255.
Manulife Financial Corporation (MFC) is a Canada-based financial services group with principal operations in Asia, Canada and the United States. Shares of MFC traded higher by 2.1% or $0.43/share to $20.91. In the past year, the shares have traded as low as $13.79 and as high as $22.22. On average, 3581060 shares of MFC.TO exchange hands on a given day and today's volume is recorded at 4728834.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 6.23% or $-2.28/share to $34.32. In the past year, the shares have traded as low as $29.61 and as high as $38.73. On average, 683490 shares of TRI exchange hands on a given day and today's volume is recorded at 2660421.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 6.14% or $-2.47/share to $37.75. In the past year, the shares have traded as low as $29.91 and as high as $42.10. On average, 885922 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 3228697.
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