Manulife Financial Corporation (USA) (MFC) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.43. Analysts expectations of $12685.80 million. During the same quarter in the previous year, the company posted $0.39 EPS.
Manulife Financial Corporation (USA) closed down -0.14 points or -0.99% at $14.02 with 17,78,831 shares getting traded on Wednesday. Post opening the session at $13.96, the shares hit an intraday low of $13.9 and an intraday high of $14.16 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Manulife Financial Corp is a Canada-based financial services and life insurance company. The Company offers financial protection and wealth management products and services. It caters to personal and business clients. It also provides asset management services to institutional customers. Its operating segments are Asia Canadian and U.S. Divisions and the Corporate and Other segment. Its Asia Canadian and U.S. Divisions segment offers protection and wealth management services such as life insurance and individual group long-term care insurance annuities pension contracts and mutual fund products and services retirement products and deposit and credit products to Canadian customers among others. The Company’s Corporate and Other segment consists of investment performance on assets backing capital net of amounts allocated to operating division and financing costs external asset management business and property and casualty (P&C) reinsurance business among others.