Manulife reports net income of $1 billion in third quarter

TORONTO — Manulife Financial Corp. says its net income rose in the third quarter from last year, supported especially by business growth in Asia.

Manulife core earnings, which the company says strips out short-term market fluctuations and is a better measure of long-term potential, came in at $1.74 billion, up from $1.34 billion last year. The company's Asia division also saw a 16 per cent rise in unrealized profits on new business, the same amount as in Canada, while in the U.S. the measure dropped 39 per cent.

'What are you, an idiot?': Kevin O’Leary says people are wasting 15 to 20% of their income on ‘stupid stuff’ like coffee and sandwiches — here’s what he wants you to do insteadAs Canada's economy enters a period of sluggish growth, the big banks are looking to fortify their balance sheets against rising bad debts, but instead of tapping shareholders for funds, the lenders are expected to sell non-core assets and cap dividends, fund managers and analysts said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Intact Financial Corp. earns $163 million in third quarterTORONTO — Intact Financial Corp. says it earned $163 million in the third quarter, less than half its earnings a year ago when it brought in $375 million. The company says earnings worked out to 83 cents per share, down from $2.
Source: SooToday - 🏆 8. / 85 Read more »

Intact Financial Corp. earns $163 million in third quarterTORONTO — Intact Financial Corp. says it earned $163 million in the third quarter, less than half its earnings a year ago when it brought in $375 million...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Intact Financial Corp. says it earned $163-million in third quarterIntact says earnings worked out to 83 cents per share, down from $2.05 during the same quarter last year
Source: globeandmail - 🏆 5. / 92 Read more »

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,575.59, down 168.35 points): Crescent Point Energy Corp. (TSX:CPG). Energy. Down $1.08, or 9.87 per cent, to $9.86 on 14.
Source: SooToday - 🏆 8. / 85 Read more »

Fortuna Silver reports record production and financial results in third quarterA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »