The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

MFC.TO

Concerning the House

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. It operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks. The Insurance and Annuity Products segment provides deposit and credit products; and individual life insurance, individual and group long-term care insurance, and guaranteed and partially guaranteed annuity products through multiple distribution channels, including insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in the property and casualty reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. The company also manages timberland and agricultural portfolios; and engages in the insurance agency, broker dealer, investment counseling, portfolio and mutual fund management, property and casualty insurance, and fund and investment management businesses. In addition, it provides integrated banking products and services, as well as offers asset management services. The company was incorporated in 1887 and is headquartered in Toronto, Canada.

Canada · www.manulife.com

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$9.04B$41.12B$17.31B$8.60B
Net income$557.00M$1.87B$1.79B$1.56B
Diluted EPS0.250.981.02
Free cash flow$6.69B$7.28B$9.54B$8.61B
Quotation

$61.06

+0.02 (+0.0%)

52w hi$62.98
52w lo$39.98
Vol5.85M
As ofAug 12
The Verdict

Buy

Our score +0.91

Short+0.82
Medium+0.96
Long+0.99

computed 2026-08-12

By the Numbers

Manulife Financial Corporation

Financial Services · Insurance - Life

Market cap$101.31B
Enterprise value$95.90B
Trailing P/E16.55x
Forward P/E12.25x
EV / EBITDA9.03x
P / S (ttm)3.06x
Profit margin20.3%
Return on equity13.3%
Revenue growth+10.7%
Earnings growth+22.4%
Debt / equity42.48
Risk Metrics
Beta vs SPX0.91
Corr SPX0.64
Annual vol23.1%
Annual ret+30.8%
Sharpe1.34
Max DD-17.8%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.49
Sector+0.08
Technical+0.50
Earnings+0.00
Sentiment+0.15

macro × 1.00 · 2026-08-12

Recent Sessions
DateOpenHighLowCloseVol
Aug 12$61.09$61.54$60.85$61.065.85M
Aug 11$61.71$61.87$61.01$61.048.04M
Aug 10$61.62$62.16$61.23$61.546.99M
Aug 7$62.58$62.79$61.23$61.785.18M
Aug 6$63.33$63.58$62.23$62.525.13M