Manulife Financial First Quarter 2024 Earnings: Beats Expectations

Simply Wall St.
Shareholders in Suntec Real Estate Investment Trust (SGX:T82U) are in the red if they invested five years ago
For many, the main point of investing is to generate higher returns than the overall market. But the main game is to...
The Edge Singapore
Singtel's FY2024 earnings down 64% y-o-y to $795 mil, boosts full year dividend to 15 cents; announces new growth plan
Singtel is increasing dividend for the third year
Simply Wall St.
3 High Yield Dividend Stocks On SGX With Yields Up To 8.2%
As Singapore continues to embrace technological advancements, the recent unveiling of a Web3 digital banking platform by Alchemy Pay highlights the market's progressive adaptation to the evolving landscape of digital finance. In this dynamic environment, high-yield dividend stocks on the SGX offer investors potential stability and consistent returns, qualities that are particularly appealing amid the rapid changes in financial technology and payment systems.
CNN Business
Nvidia’s incredibly pricey shares are about to get much cheaper
Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more accessible for individual investors.
AFP News
Nvidia profits soar on demand for AI power
Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers.The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
The Independent
Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m
Company says losses are result of recent merger but share price has dropped 13.2% since Friday
GOBankingRates
If You Invested $20,000 in These Companies 20 Years Ago, You Would Be a Millionaire Now
Making a million dollars is no easy task if you're starting from scratch. It's going to take some combination of time, luck and work. Sometimes, though, if you're starting with some money, you can let...
The Smart Investor
Forget the S&P 500 ETF: These 3 US Stocks Gave Better Returns
Over the past five years, there were three US stocks that beat the 93% return of the SPDR S&P 500 ETF (NYSE: SPY). And no, they are not any of the Magnificent 7 stocks. The post Forget the S&P 500 ETF: These 3 US Stocks Gave Better Returns appeared first on The Smart Investor.
Barrons.com
Nvidia Stock Rises as Earnings Beat High Expectations
Nvidia fulfilled the world’s high expectations with its April quarter results. “The next industrial revolution has begun,” CEO Jensen Huang said in the Wednesday earnings release. “Companies and countries are partnering with Nvidia to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center—AI factories—to produce a new commodity: artificial intelligence.”
The Independent
Michigan man who had seizure on Royal Caribbean cruise forced to pay $2500 bill before evacuating
Vincent Wasney returned home from cruise in thousands of dollars of medical debt
Reuters
Canada's Power Corp shuts down China unit, lays off staff, sources say
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
Reuters
Analysis-Bulls beat a path to China stock shop but foreigners dare not go in
Emboldened by China's latest measures and pledges to fix the weakest parts of its struggling economy, domestic investors are scooping up shares in a cheap stock market, while most foreign investors are hopeful but taking it slow. Last week's sweeping measures to support the property sector, which authorities dubbed as historic, were the latest in a series of steps China has taken since February in a bid to boost consumption, funnel state money into priority sectors and underpin the stock market. "To some extent, I think what's been announced isn't yet of a scale that is going to start putting a meaningful kind of tens of percentage points onto GDP," said Sunil Krishnan, head of multi-asset funds at Aviva Investors in London.
Reuters
Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm
TOKYO (Reuters) -The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials. The New Zealand dollar continued its climb as an unexpected rise in local retail sales added to hawkish guidance from the central bank a day earlier to push back bets for rate cuts. Fed officials at their April 30-May 1 session indicated they still had faith that price pressures would ease, if only slowly, but the meeting summary also reflected discussion of possible tightening.
Benzinga
Here's How Much Warren Buffett's Berkshire Hathaway Will Earn in Dividends from Its New Stake in Chubb
Warren Buffett's Berkshire Hathaway (NYSE:BRK) has recently made a significant investment in Chubb Limited (NYSE:CB), acquiring 25,923,840 shares. Chubb, a leading global insurance company, pays an annual dividend of $3.64 per share. Given this substantial stake, Berkshire is poised to receive a considerable amount in dividends. How to Calculate To determine the total annual dividend income from this investment, we multiply the number of shares by the annual dividend per share: Total Annual Divi
AFP News
US Fed's rate meeting minutes show growing inflation concerns
A strong US economy and an uptick in inflation led the Federal Reserve's rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its most recent meeting published Wednesday.The minutes of the two-day Federal Open Market Committee (FOMC) meeting show that policymakers generally felt that "recent data had not increased their confidence that inflation was moving sustainably toward two percent."
Barrons.com
Tesla Stock Is Up Because the EV News From China Isn’t Always Bad
The stock rebounded from a Monday loss sparked by disappointing results from Li Auto. XPeng’s earnings were surprisingly strong.
Yahoo Finance
US federal budget crosses grim milestone as interest payments overtake defense spending
Interest payments on the national debt are set to eclipse defense spending this year for the first time ever.
Simply Wall St.
Sea Limited's (NYSE:SE) one-year returns climbed after last week's 13% gain, institutional investors must be happy
Key Insights Given the large stake in the stock by institutions, Sea's stock price might be vulnerable to their trading...
Insider Monkey
Billionaire Ray Dalio is Selling These Tech Stocks in 2024
When billionaire Ray Dalio left his empire Bridgewater Associates in 2022, the inflation storm and economic uncertainties were pummeling the financial markets. While the fund had started 2022 on a positive note, its returns came crashing down it the last quarter of the year. According to a Bloomberg report, The Pure Alpha fund of Bridgewater […]
Barrons.com
XPeng Stock Jumps on Earnings. There’s Hope for China EVs.
XPeng stock rose Tuesday after the Chinese electric-vehicle maker reported better-than-expected first-quarter numbers. A year ago, XPeng reported a per-share loss of 38 cents on sales of $573 million. Quarterly gross profit margins were about 13%, up about 11 percentage points year over year and about two percentage points better than analysts’ forecasts.

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Manulife Financial (TSE:MFC) First Quarter 2024 Results

Key Financial Results

Manulife Financial Revenues and Earnings Beat Expectations

Risk Analysis

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