Sun Life Q2 2008 Earnings

RBC Capital Markets, 1 August 2008Core Q2/08 EPS of $0.91 compared to $0.96 a year-ago, our estimate of $1.01 and the consensus estimate of $1.00. Net income in the U.S. division was particularly weak, down 47% YoY and 27% sequentially. Net income was affected by a decline in equity markets, the unfavourable impact of interest rate movements and associated hedges, wider credit spreads and