Insurer MetLife Inc reported a third-quarter profit on Thursday, compared with a year-ago loss, helped by volume growth, favorable underwriting, expense management and improved investment income.
American International Group Inc reported a smaller quarterly loss on Wednesday as reinsurance pacts helped offset steep catastrophe losses in Japan and North America.
Wall Street's top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. economy and tax reforms.
The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, if the double-digit profit growth posted by three major lenders on Friday is any indication.
The initial public offering of lithium producer Livent Corp was priced at $17 per share on Wednesday, lead bookrunner Bank of America Merrill Lynch said, below a target range and giving the company a market value of $2.43 billion.
The initial public offering of Eli Lilly Co's animal health unit, Elanco, was priced above the expected range at $24 per share on Wednesday, giving the company a market capitalization of $8.55 billion.
U.S. online lender LendingClub Corp on Tuesday topped Wall Street estimates for quarterly profit, but posted a wider net loss from a year ago as it wrote down the value of one of its units.
American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts' expectations.