Topic: How To Invest

Sun Life Financial $54.45 – Toronto symbol SLF

SUN LIFE FINANCIAL $54.45 (Toronto symbol SLF; SI Rating: Above-average) offers savings, retirement, pension and life and health insurance products and services to individuals and corporations. The company operates mainly in Canada, the U.S. and the UK, and also in Asia, China and India. It has assets under administration of $427 billion.

In the three months ended September 30, 2007, Sun Life’s earnings rose 6.7%, to $577 million or $1.02 a share, from $541 million or $0.94 a share a year earlier. Revenue fell 16.9%, to $3.5 billion from $4.2 billion, due to new accounting rules for investments. Sun Life’s shares yield 2.4%.

Sun Life is still a buy.

Comments are closed.