Sun Life Financial Inc (SLF) is Initiated by BofA/Merrill to Underperform

Sun Life Financial Inc (SLF) was Initiated by BofA/Merrill to “Underperform”. BofA/Merrill advised their investors in a research report released on Aug 24, 2016.

On the company’s financial health, Sun Life Financial Inc reported $0.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus of $0.92.Analysts expectations of $ 7412.07.During the same quarter in the previous year, the company posted $1.00 EPS.

Sun Life Financial Inc opened for trading at $32.08 and hit $32.26 on the upside on Tuesday, eventually ending the session at $32.26, with a gain of 0.94% or 0.3 points. The heightened volatility saw the trading volume jump to 3,00,416 shares. Company has a market cap of $19,770 M.

Investors should note that on Aug 10, 2016, Sun Life Financial Inc announced a cash dividend of $0.4050. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 30, 2016.

Sun Life Financial Inc. (Sun Life Financial) is a financial services organization which provides a range of protection and wealth products and services to individuals and corporate customers. The Company operates in five segments: Sun Life Financial Canada (SLF Canada) Sun Life Financial United States (SLF U.S.) MFS Investment Management (MFS) Sun Life Financial Asia (SLF Asia) and Corporate. The Company distributes its products through a variety of distribution channels including direct sales agents managing general agents independent general agents financial intermediaries broker-dealers banks pension and benefits consultants and other third-party marketing organizations. The Company operates in Canada the United States the United Kingdom Ireland Hong Kong the Philippines Japan Indonesia India China Australia Singapore Vietnam Malaysia and Bermuda.

Sun Life Financial Inc

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