MFC Outperforms Industry, Hits 52-Week High: How to Play the Stock

Manulife Financial shares rallied as the company highlighted a solid Asia business, an expanding Wealth and Asset Management segment, and a strong capital position. The positive fundamentals are supportive for near-term sentiment and could drive modest upside given the stock’s reaction to the updates.

Analysis

Manulife Financial shares rallied as the company highlighted a solid Asia business, an expanding Wealth and Asset Management segment, and a strong capital position. The positive fundamentals are supportive for near-term sentiment and could drive modest upside given the stock’s reaction to the updates.