Manulife Financial (MFC) Plunges 1.63% to April 2025 Low on Earnings Drop

Manulife Financial (MFC) shares fell 0.78% today, reaching their lowest level since April 2025, with an intraday decline of 1.63%.

The strategy of buying MFC shares after they reached a recent low and holding for one week resulted in a 68.14% return over the past five years. This outperformed the benchmark, which had a return of -100.00%, resulting in an excess return of 168.14%. The strategy also had a maximum drawdown of 0.00%, a Sharpe ratio of 0.95, and a volatility of 24.30%.

National Bank has slightly reduced its price target for Manulife Financial, lowering it to C$48 from the previous C$49. This adjustment may influence investor sentiment and potentially impact the stock price.

In the first quarter of 2025, Manulife Financial reported a significant decline in net income attributable to shareholders, down 47% year over year to $485 million. This decrease in profitability could negatively impact the stock price.