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Manulife Financial Corp profit surges 20% on focus on wealth management pays off
Manulife Financial Corp., Canada’s largest life insurer, said fourth-quarter profit rose 20% as wealth-management revenue increased. Net income climbed to $1.3 billion, or 68 cents a share, from $1.08 billion, or 57 cents, a year earlier, the Toronto-based firm said Thursday in a statement. Profit excluding some items was 35…
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