Feb. 20 at 6:01 AM
$MFC.TSX
$MFC Financial Reports Strong Q4 Profit Growth
Manulife Financial announced a 6% increase in fourth-quarter profit, driven by robust growth in its wealth and asset management sectors and a thriving market in Asia.
Core earnings reached C
$1.91 billion (
$1.34 billion), or C
$1.03 per share, surpassing analysts' expectations of nearly 95 Canadian cents per share.
Notably, core earnings from Asia surged 16% to C
$477 million, while global wealth and asset management saw a 34% increase to C
$481 million .
