Sept 5 Prudential Financial Inc is set
to buy online insurance startup Assurance IQ Inc for $2.35
billion, the latest in a series of moves by traditional insurers
to up investment in technology and data crunching by buying
Silicon Valley startups.
TD Bank Group , Canada's second-biggest lender by market value, said third-quarter profit rose as growth in its U.S. retail business outweighed higher loan-loss provisions and subdued margins that have also hit rivals.
Aug 21 Royal Bank of Canada on Wednesday
reported an increase in third-quarter profit as its personal and
commercial banking earnings grew, and its domestic business
posted a surprise 8% gain, although that was partly offset by
weakness in its capital markets division.
Insurer American International Group Inc beat Wall Street estimates for quarterly profit on Wednesday, boosted by improved underwriting in general insurance business and higher investment income, sending its shares up 3% in extended trading.
U.S. insurer MetLife Inc on Wednesday reported quarterly profit that doubled from a year ago, boosted by strong derivative gains.
American Express Co warned of higher operating costs this year as the credit card issuer spends heavily on rewards programs to attract customers in an increasingly crowded market, sending its shares down 2.5% on Friday.
U.S. online luxury reseller The RealReal Inc on Friday filed for an initial public offering with the U.S. securities regulator.
Bank of Nova Scotia, Canada's third-biggest lender, on Tuesday missed analysts' estimates for second-quarter profit and forecast low-single-digit growth in mortgages this year, citing a slow start to the domestic housing market.
Royal Bank of Canada and Toronto-Dominion Bank, Canada's two largest lenders, beat analysts' estimates for quarterly profit on Thursday as strong loan growth boosted interest income, but a spike in provisions for soured loans spooked investors.