November 10, 2016 / 4:51 PM / in a year

BUZZ-Manulife Financial Corp: Q3 results beat estimates

** Canadian life insurer’s U.S.-listed shares up as much as 7.58 pct at $16.17, highest since Dec. 7

** Canadian shares of the company were up 8.2 pct at C$21.74

** Reports a better-than-expected quarterly profit, driven by growth in Asia and higher values of investments

** Records a C$297 mln gain in the quarter from investments, compared with a charge of C$220 mln last year

** More than 1 mln U.S.-listed shares traded, 1.3x 30-day moving avg

** Up to Wednesday’s close, Manulife’s U.S. stock had fallen about 10 pct in the last 12 months ($1 = 1.3473 Canadian dollars)

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