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Manulife Financial Corp (MFC.N)

MFC.N on New York Stock Exchange

19.88USD
1:35pm EDT
Change (% chg)

$0.22 (+1.15%)
Prev Close
$19.65
Open
$19.70
Day's High
$19.97
Day's Low
$19.68
Volume
512,738
Avg. Vol
754,170
52-wk High
$20.83
52-wk Low
$13.53

Latest Key Developments (Source: Significant Developments)

Manulife Financial Corp says ‍Manulife U.S. Regional Bank Trust received acceptance of intention to make normal course issuer bid​
Wednesday, 13 Sep 2017 08:01am EDT 

Sept 13 (Reuters) - Manulife U.S. Regional Bank Trust :Manulife Financial Corp - ‍manulife U.S. Regional Bank Trust received acceptance of intention to make normal course issuer bid​.  Full Article

Manulife announces structural and leadership changes
Tuesday, 12 Sep 2017 08:01am EDT 

Sept 12 (Reuters) - Manulife Financial Corp :Says bringing all wealth and asset management businesses together into primary reporting segment, global wealth and asset management​.Has created dedicated senior leadership role with direct responsibility for Manulife's closed legacy businesses in North America​.Anil Wadhwani has been appointed president and CEO of Manulife Asia​.Marianne Harrison appointed president, CEO of John Hancock; Michael Doughty been appointed president, CEO of Manulife Canada​.Steve Roder, Manulife's chief financial officer, has decided to retire for personal reasons, effective December 31, 2017​.Philip Witherington, currently interim president and CEO of Manulife Asia, appointed Manulife's CFO, effective January 1, 2018​.  Full Article

Manulife announces subordinated debenture issue
Tuesday, 15 Aug 2017 04:09pm EDT 

Aug 15 (Reuters) - Manulife Financial Corp ::Manulife announces subordinated debenture issue.Manulife Financial Corp - ‍debentures mature on August 20, 2029​.Manulife Financial Corp- intends to issue $750 million principal amount of 3.049% fixed/floating subordinated debentures due August 20, 2029​.Manulife Financial Corp - ‍debentures will bear interest at a fixed rate of 3.049% until August 20, 2024​.Manulife-Intends to use proceeds for funding announced redemption of MFC's 7.768% medium term notes due April 8, 2019 on October 6, 2017, among others​.  Full Article

Manulife says John Hancock spin-off would depend on whether it created shareholder value
Thursday, 10 Aug 2017 09:16am EDT 

Aug 10 (Reuters) - Manulife Financial Corp :Manulife's outgoing ceo (not new ceo) says ultimate determination on possible john hancock spin-off would be if it created shareholder value.Manulife ceo says company "regularly investigates all opportunities of improving shareholder value".Manulife ceo says company "has some challenging blocks of legacy business".  Full Article

Manulife Financial reports qtrly share of $0.61
Wednesday, 9 Aug 2017 05:24pm EDT 

Aug 9 (Reuters) - Manulife Financial Corp :Manulife reports 2Q17 net income of $1,255 million, core earnings of $1,174 million, and strong investment-related experience gains.MFC generated core earnings of $1,174 million, diluted core earnings per share of $0.57 in Q2 .‍Generated gross flows of $30.9 billion in wealth and asset management businesses in 2Q17, increase of 13% compared with 2Q16​.Manulife financial corp qtrly ‍shr $0.61​.Manulife financial corp says generated ROE and core roe of 12.4% and 11.5%, respectively, in 2q17 compared with 7.1% and 8.4%, respectively, in 2q16.Qtrly return on common shareholders' equity ("ROE") of 12.4%.Manulife financial corp - ‍reported other wealth sales of $2.0 billion in 2Q17, a decrease of 3% compared with 2Q16​.Manulife financial corp - ‍insurance sales of $1.4 billion in 2q17, an increase of 46% compared with 2q16​.Manulife financial corp says qtrly premiums and deposits from insurance products C$8,595 million versus. C$8,422 million last year.Manulife financial corp - ‍JH life insurance sales in 2Q17 of US$123 million represented an increase of 26% compared with 2Q16​.Manulife financial - total assets under management and administration of $1.0 trillion as at june 30, 2017, increase of 6% compared with Dec. 31, 2016.Q2 earnings per share view c$0.55 -- Thomson Reuters I/B/E/S.  Full Article

Manulife Financial Corp announces conversion privilege of non-cumulative rate reset class 1 shares series 9
Thursday, 27 Jul 2017 04:35pm EDT 

July 27 (Reuters) - Manulife Financial Corp :Manulife Financial Corporation announces conversion privilege of non-cumulative rate reset class 1 shares series 9.Manulife - ‍Does not intend to exercise right to redeem all or any of its currently outstanding 10 million non-cumulative rate reset class 1 shares series 9​.  Full Article

Manulife announces intention to redeem 3.938% fixed/floating Series A subordinated debentures
Thursday, 27 Jul 2017 04:30pm EDT 

July 27 (Reuters) - Manulife Financial Corp :Manulife announces intention to redeem 3.938% fixed/floating Series A subordinated debentures.Manulife Financial - Intention to redeem on Sept 21 $400 million of 3.938% fixed/floating series a subordinated debentures due September 21, 2022​.  Full Article

Ontario Securities Commission approves no-contest settlement agreement with Manulife Securities Inc and Manulife Securities Investment Services Inc
Thursday, 13 Jul 2017 03:46pm EDT 

July 13 (Reuters) - Manulife Financial Corp :Ontario Securities Commission approves no-contest settlement agreement with Manulife Securities Incorporated and Manulife Securities Investment Services Inc.Ontario Securities Commission - Settlement agreement is in relation to a matter that manulife dealers discovered and self-reported to OSC.Ontario Securities Commission - Manulife dealers have agreed to settlement, intend to compensate clients $11.7 million including opportunity costs on fees.  Full Article

Manulife exploring IPO or spinoff of its John Hancock unit - WSJ
Thursday, 13 Jul 2017 12:39pm EDT 

July 13 (Reuters) - :Manulife exploring IPO or spinoff for John Hancock unit - WSJ.  Full Article

Manulife CEO Donald Guloien to retire as of Sept. 30
Thursday, 25 May 2017 07:50am EDT 

May 25 (Reuters) - Manulife Financial Corp ::Manulife CEO Donald Guloien announces his intention to retire as of Sept. 30; Roy Gori to succeed Guloien as CEO on Oct. 1.Manulife Financial Corp says Donald Guloien, president and chief executive officer, has made decision to retire as of September 30.Manulife Financial Corp says Roy Gori, who will become Manulife's president on June 5, will succeed Guloien as CEO.Manulife Financial Corp says Roy Gori will also join Manulife's board of directors, effective October 1.Manulife Financial Corp says Craig Bromley, senior executive vice president and general manager of company's U.S. division John Hancock, has left co.  Full Article

UPDATE 1-Manulife promotes Asia head to chief financial officer

TORONTO, Sept 12 Manulife, Canada's biggest insurer, said on Tuesday that it planned to promote the head of its Asian business, Philip Witherington, to be chief financial officer from the start of 2018.