Manulife prices USD 750 million notes. Manulife Financial stock sits below USD 59.00 target

Published on 10/02/2026 at 02:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The notes carry a 6.146 percent fixed rate through September 11, 2036. Analysts list 8 ratings and a USD 59.00 target for Manulife Financial stock.

MFC, CA56501R1064, Illustration mit AI erstellt.

Manulife Financial (ISIN CA56501R1064) priced USD 750 million of subordinated notes on September 1, 2026, while Manulife Financial stock sits below the USD 59.00 consensus target cited by MarketBeat. The notes carry a fixed annual interest rate of 6.146 percent through September 11, 2036, and are intended to qualify as Tier 2 regulatory capital.

USD 750 million supports capital

MarketScreener reports that the notes were priced at 100.000 percent and are due in 2041. Manulife said the net proceeds would serve general corporate purposes, including potential refinancing requirements.

The structure matters because the notes are expected to strengthen regulatory capital rather than fund an acquisition. The securities are scheduled for issuance on September 11, 2026, and the company may redeem them from September 11, 2031, subject to regulatory approval.

Second-quarter earnings add operating support

In second-quarter 2026, Manulife reported core earnings growth of 12 percent and core earnings per share growth of 16 percent year over year, according to the Yahoo Finance transcript dated August 6, 2026. The company also generated CAD 2.1 billion of net income and posted a core return on equity of 16.3 percent, up 130 basis points from the prior-year quarter.

Operating momentum was broad but uneven. APE sales increased 21 percent year over year, new business CSM rose 16 percent, and Global WAM produced CAD 4 billion of net inflows in the quarter. Canada core earnings declined 10 percent year over year, which remains an important counterweight to growth in Asia and wealth management.

Market value reaches USD 71.0 billion

Manulife's market capitalization was USD 71.0 billion on October 1, 2026. The finance quote also placed the 52-week range at USD 31.06 to USD 45.33, giving the stock a clearly defined valuation frame ahead of the next scheduled report.

MarketBeat lists 8 analyst ratings, including 2 strong buy, 5 buy and 1 hold views, with a consensus target of USD 59.00. Manulife Financial Corporation is listed on the NYSE and TSX under ticker MFC, and the next earnings release is scheduled for November 3, 2026.