Manulife Financial (TSE:MFC) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$7.35b (down 53% from 3Q 2021).
Net income: CA$1.33b (down 14% from 3Q 2021).
Profit margin: 18% (up from 10.0% in 3Q 2021). The increase in margin was driven by lower expenses.
EPS: CA$0.68 (down from CA$0.80 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Manulife Financial Earnings Insights
Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Insurance industry in Canada.
The company's shares are up 4.1% from a week ago.
We should say that we've discovered 1 warning sign for Manulife Financial that you should be aware of before investing here.
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