Analyst Consensus ?
ConsensusHold15 ratings
Bullish426.7%
Neutral960.0%
Bearish213.3%
Sun Life Financial Inc. · SLF · FY2024 Q3 · Calendar Q4 2024
Sun Life highlights earnings, AUM scale and digital expansion
The analysis supports a constructive but qualified view: earnings growth, scale in asset management and resilient protection demand provide support, while credit, outflow and insurance-execution risks remain material.
Reported After market closeNYSEFinancial Services
$42.66B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.29
Consensus $1.25
EPS surprise
+3.2%
Reported versus consensus
Reported revenue
—
Consensus $665.6M
Revenue surprise
—
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+3.8%
Event window
SPY move
+1.2%
Same window
Abnormal move
+2.5%
Stock minus SPY
Volume
3.8×
Versus trailing sessions
Subsequent drift
+7.1%
Up to 20 sessions
SLFSPY benchmark
Ask FN2 about SLF FY2024 Q3
Transcript, numbers and history already loaded
Why did SLF rise 3.8% after beating EPS estimates in FY2024 Q3?What changed in SLF's guidance and outlook in FY2024 Q3?Give me the bull and bear case for SLF after FY2024 Q3 earnings.
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Transcript intelligence
What changed
Relative to the prior-quarter analysis, the focus shifted toward record AUM, continued capital returns, further digital automation and new product launches; credit-loss and institutional-outflow concerns remained.
Guidance delta
Guidance sentiment was maintained; no quantified change was identified.
Key takeaways
- Underlying earnings exceeded $1 billion, with EPS growth and ROE in line with targets.
- AUM reached an all-time high of $1.5 trillion, while the company increased its dividend and repurchased shares.
- Management emphasized health and protection sales, asset-management fees, and digital underwriting initiatives.
Management priorities
- Expand digital platforms and automated underwriting across Asia.
- Advance retirement and actively managed ETF product launches.
- Continue dividend growth, share repurchases and strategically aligned M&A.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$76.99Current
$50.93Low
$76.64Average
$92High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Argus Research | Buy | Buy | Maintain | Sep 3, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 10, 2026 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 10, 2023 |
| CFRA | Hold | Hold | Maintain | May 12, 2020 |
| CIBC | Underperform | Neutral | Downgrade | Mar 14, 2019 |
| Scotiabank | Sector Perform | Sector Outperform | Downgrade | Feb 6, 2019 |
| Argus | Buy | Hold | Upgrade | May 5, 2018 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Apr 5, 2018 |
| BMO Capital | Outperform | Market Perform | Upgrade | Feb 16, 2018 |
| Canaccord Genuity | Hold | Buy | Downgrade | Nov 17, 2016 |
| Jefferies | Hold | Hold | Maintain | Jul 27, 2016 |
| Macquarie | Neutral | Outperform | Downgrade | Nov 5, 2015 |
| Cormark Securities | Market Perform | Buy | Downgrade | Dec 19, 2012 |
| Barclays | Underweight | Underweight | Maintain | Nov 9, 2012 |
| Desjardins | Hold | Buy | Downgrade | Oct 11, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $76.99. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Argus Research | Analyst unavailable | $88 | $79.46 | +14.3% | Sep 3, 2026 |
| Argus Research | Kevin Heal | $81 | $74.52 | +5.2% | Jun 10, 2026 |
| Morgan Stanley | Analyst unavailable | $89 | $60.41 | +15.6% | Oct 7, 2025 |
| Capital One Financial | Tom MacKinnon | $92 | $60.9 | +19.5% | Nov 14, 2024 |
| Stifel Nicolaus | Mike Rizvanovic | $58.89 | $51.95 | -23.5% | Oct 4, 2021 |
| Barclays | John Aiken | $50.93 | $50.38 | -33.9% | Aug 5, 2021 |
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Start freeCompany context
Snapshot as of publicationSun Life Financial Inc. operates as a global financial institution, delivering a wide range of insurance, wealth management, and asset accumulation services to both individual and corporate clients worldwide. Its offerings encompass diverse life insurance products, including term and whole life policies, in addition to personal health, dental, critical illness, long-term care, and disability coverage. The company also engages in reinsurance activities, provides investment advisory and portfolio management services, and administers mutual and segregated funds. Furthermore, it offers trust and banking solutions, along with real estate brokerage, appraisal, and merchant banking services. Its distribution network is extensive, utilizing direct sales representatives, various general agents (both managing and independent), financial intermediaries, broker-dealers, banking institutions, pension and benefits consultants, and other external marketing organizations. Founded in 1871, the firm's headquarters are located in Toronto, Canada.
Historical context
All SLF earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FDS FactSet Research Systems Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.9% | +3.8% | FactSet reports record FY26 results as AI and MCP adoption accelerate |
| PUK Prudential plc | FY2026 Q2 · Calendar Q3 2026 | -40.9% | -0.5% | Prudential sustains growth and capital returns focus in H1 2026 |
| CM Canadian Imperial Bank of Commerce | FY2026 Q3 · Calendar Q3 2026 | +8.9% | -2.8% | CIBC Q3: Broad growth, resilient credit and expanded AI rollout |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-11T17:40:41.530002+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T17:40:41.527181+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-11. For educational purposes only; not investment advice.