Scotiabank raises target for Sun Life Financial stock to CAD 122.00

Published on 10/29/2026 at 13:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sun Life reported CAD 2.02 adjusted EPS for the second quarter. Sun Life Financial stock costs EUR 72.33 on October 29, 2026.

Recent catalysts and dates

Sun Life scheduled third-quarter results for November 4, 2026.
Assets under management totaled CAD 1.70 trillion as of June 30, 2026.
Scotiabank cited a 14 percent return on equity in its October 28, 2026 assessment.

SLF, CA8667961053, Illustration mit AI erstellt.

Sun Life Financial (ISIN CA8667961053) faces a new CAD 122.00 target after Scotiabank upgraded its rating to Sector Outperform from Sector Perform on October 28, 2026, according to Investing.com. The bank raised its previous CAD 118.00 target, putting the latest analyst action ahead of Sun Life's third-quarter results.

Second-quarter earnings set the base

Sun Life reported CAD 2.02 adjusted earnings per share for the quarter released on August 6, 2026, while revenue reached CAD 9.05 billion, according to MarketBeat. The figures give Scotiabank's new view a recent operating reference rather than relying only on valuation.

What does the target change mean?

Scotiabank's case centers on U.S. insurance repricing, potential improvement in dental operations and longer-term growth at SLC Management, according to Investing.com. The same report put Sun Life's return on equity at 14 percent and said the bank expects management's 20 percent-plus target to become relevant in 2027.

Three dated steps toward results

On August 6, 2026, Sun Life reported the second-quarter earnings figures cited above. On October 22, 2026, the company announced that third-quarter results would follow after the market close on November 4, 2026. On October 28, 2026, Scotiabank changed its rating and target, making the analyst action the latest dated development.

Which dates come next?

Sunlife scheduled the third-quarter results for November 4, 2026, followed by the earnings webcast on November 5, 2026, at 11:00 a.m. ET. The company also stated that assets under management totaled CAD 1.70 trillion as of June 30, 2026.

Afternoon quote in Frankfurt

For investors in Germany, Sun Life Financial was trading at EUR 72.33 at Lang & Schwarz on October 29, 2026 at 1:44 p.m. CEST. The quote provides the euro-denominated market reference while the next company-specific catalyst is the November results release. The further course of trading is shown by the continuously updated real-time quote of Sun Life Financial stock.