11:56 AM EST, 11/07/2024 (MT Newswires) -- Manulife Financial's ( MFC ) third quarter results exceeded expectations on the back of strong Asia and WAM segment growth (and equally strong sales performance), notes National Bank. Analyst Gabriel Dechaine says these businesses are critical drivers for the lifeco to achieve its "18% ROE by 2027" target.

Separately, the company executed on its buyback commitment, achieving ~57% of its 90 million share repurchase program.

Manulife target raised to $47 (from $45). Maintain Outperform.

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