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Stock analysis: Manulife scores high ahead of earnings report

A pedestrian walks past the Manulife building in downtown Vancouver.

Jonathan Hayward/The Canadian Press

StockReports+ is a Thomson Reuters service that helps investors pick equities by simplifying the process of evaluating stocks, finding new trading ideas, and understanding trends affecting markets and industries.

Manulife Financial Corp. reports its latest earnings on Thursday, and investors will be looking for signs that its focus on growth is starting to pay off. That's especially the case given that its shares are reflecting a lot of optimism, with gains of more than 75 per cent over the past year. Like other insurers, investors most recently have gravitated to the stock thinking that the company will benefit from the recent rise in interest rates - and expectations that bond yields have further to climb.

Overall, analysts expect 32 cents a share in adjusted profit for Manulife in the second quarter, on par with the first quarter, according to Bloomberg data.

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This report provides a detailed analysis that investors may want to review before buying or selling the stock.

StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading. Manulife's average score is 8 out of 10. That places it within the top quartile of stocks scored.

Read more in this comprehensive report.

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