Sun Life rises after higher Q1 profit

Life insurer Sun Life Financial SLF.TO shares jump ~5.1% to C$87.79

On Thursday, SLF reported a rise in Q1 profit, helped by strength in its Asia market and strong performance in its wealth and asset management business.

Company reported net income of C$928 mln ($666.09 million) or C$1.62 per share in Q1, compared with C$818 mln, or C$1.40 per share, a year earlier.

Sun Life's underlying income from its Asia markets rose 11% to C$197 mln in Q1

10 of 14 brokerages rate the stock "buy" or higher, 4 "hold"; their median PT is C$89 - LSEG data

Including session's moves, stock up ~2.5% YTD

($1 = 1.3932 Canadian dollars)