Discover quality investment opportunities with Simply Wall St’s comprehensive stock screener, widely utilized by over 7 million investors. Recently, Manulife Financial (TSX:MFC) has garnered attention due to a 50:50 life insurance joint venture with Mahindra & Mahindra in India and the rollout of AI-driven underwriting tools in Canada and the U.S. Currently priced at CA$51.97, Manulife boasts impressive performance metrics: a 10.57% return over 90 days and 26.54% over one year, leading to an impressive 2.7x total return over five years. Analysts estimate its fair value at CA$53.67, suggesting potential upside from its AI initiatives and market expansions. However, investors should weigh risks related to credit losses and market volatility in Asia. For further insights and to tailor your investment strategy, utilize our stock screener to explore a broader range of profitable AI stocks. Remember, our analysis is based on historical data and does not constitute financial advice.
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Evaluating Manulife Financial’s Valuation Post India Joint Venture and Introduction of AI Underwriting Tools
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