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Sun Life Financial (SLF) Receives a Buy from National Bank


According to The Fly, in a report released today, Gabriel Dechaine from National Bank maintained a Buy rating on Sun Life Financial (SLF). The company’s shares opened today at $36.98, close to its 52-week low of $35.78.

According to TipRanks.com, Dechaine is a 4-star analyst with an average return of 10.3% and a 71.3% success rate. Dechaine covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and Toronto Dominion Bank.

The the analyst consensus on Sun Life Financial is currently a Strong Buy rating.

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Based on Sun Life Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $565 million. In comparison, last year the company had a net profit of $671 million.

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Sun Life Financial, Inc. is a holding company, which engages in the provision of diversified financial services. It operates its business through its segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.