10:34 AM EDT, 08/08/2024 (MT Newswires) -- Manulife Financial's ( MFC ) second quarter core EPS of $0.91 was above RBC estimate of $0.85 and consensus of $0.88, notes RBC analyst Darko Mihelic.

Stronger than expected results were broadly based and reflected some strength in Asia, Canada, and Global Wealth and Asset Management (GWAM).

"We view this quarter's results as positive, as results were higher than we expected, reflecting strength in Asia, Canada, and GWAM."

Maintain Outperform, $38 target.

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