Desjardins Thinks Sun Life Financial’s Stock is Going to Recover

By Jason Carr

According to The Fly, desjardins analyst Douglas Young maintained a Buy rating on Sun Life Financial (NYSE: SLF) today. The company’s shares opened today at $36.89, close to its 52-week low of $36.63.

According to, Young is a 4-star analyst with an average return of 6.4% and a 68.5% success rate. Young covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

Sun Life Financial has an analyst consensus of Strong Buy.

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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.