5 Most Profitable Canadian Stocks

2. Manulife Financial Corporation (NYSE:MFC)

Latest TTM Net Income: C$13.2 billion

Manulife Financial Corporation (NYSE:MFC) is a global financial services firm that provides wealth management, asset management, and insurance. December was a very important month for the company as it re insured its $9.6 billion long term care portfolio to assuage investor concerns about risk in a high rate environment.

Insider Monkey scoured through 910 hedge fund holdings for their September quarter of 2023 shareholdings and found that 13 had held a stake in the company. Manulife Financial Corporation (NYSE:MFC)’s largest hedge fund shareholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital courtesy of its $135 million stake.

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