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Sun Life Financial Inc. (SUNFF)
| Previous close | 11.02 |
| Open | 11.02 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 11.02 - 11.02 |
| 52-week range | 9.59 - 12.24 |
| Volume | |
| Avg. volume | 7 |
| Market cap | N/A |
| Beta (5Y monthly) | 0.96 |
| PE ratio (TTM) | 2.18 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.34 (3.05%) |
| Ex-dividend date | 27 Feb 2024 |
| 1y target est | N/A |
- Reuters
UPDATE 2-Sun Life reports rare earnings miss as US business shows weakness
Canada's No. 2 life insurer Sun Life Financial on Thursday missed core profit estimates for the first time in 12 quarters, hurt by weakness in the U.S., a region where it has been expanding. The quarterly results were also affected by the sale of Sun Life UK and the end of the public health emergency in the United States, CEO Kevin Strain said in a statement. Sun Life has established more partnerships in Asia and other key regions as a part of its expansion efforts and acquired firms such as telemedicine company Dialogue Health and U.S. dental benefits company DentaQuest.
- Reuters
Sun Life reports rare earnings miss as US business shows weakness
The quarterly results were also affected by the sale of Sun Life UK and the end of the public health emergency in the United States, CEO Kevin Strain said in a statement. Sun Life has established more partnerships in Asia and other key regions as a part of its expansion efforts and acquired firms such as telemedicine company Dialogue Health and U.S. dental benefits company DentaQuest. For Sun Life, underlying net income in Asia rose 26% while that of U.S. fell 20%.
- Reuters
Manulife's strong Asia growth pushes stock to over 15-year high
Shares of Canadian insurer Manulife Financial Corp rose to a high not seen in more than 15 years on Thursday, after its first-quarter earnings beat analysts' estimates driven by strong growth in Asia, one of its most important markets. After market close on Wednesday, Manulife reported a 16% jump in core earnings that was boosted by a 39% rise in profit from Asia and 25% in its global wealth and asset management business. "Solid quarter, led by Asia," National Bank analyst Gabriel Dechaine wrote, highlighting the beat was boosted by releases of credit provisions.
