RBC CM Preview of Manulife Q2 2006 Earnings

RBC Capital Markets, 1 August 2006Manulife reports Q2 earnings on August 3rd.� Looking for 15% Q206 EPS Growth. Our consensus-like $0.60 cash EPS estimate is indicated up 15.4% YoY, and flat QoQ. This estimate includes a 6-7% foreign exchange translation drag, indicating underlying EPS growth of over 20%. We have also factored a 2� or 11% dividend increase to 20�.� Share Buyback as an EPS