🔴 Manulife Financial is trading 4.5% down in pre-market — no clear company-specific catalyst identified

Manulife Financial is trading 4.5% down at $40.22 after no clear company-specific catalyst was identified in overnight coverage.

• Second-quarter core EPS rose 16% year over year.
• The company announced a C$3.2 billion long-term-care reinsurance transaction.
• Broader U.S. futures are higher, so the pre-market decline does not appear to be explained by overall risk sentiment.