Bank of Nova Scotia, Canada's third-biggest lender, reported a lower-than-expected quarterly profit on Tuesday, as higher expenses and provisions for bad loans ate into gains from international banking and wealth management.
OnDeck Capital Inc on Tuesday reported fourth-quarter profit that beat analysts' estimates as the online lender issued more loans and earned more interest income.
A more permissive regulatory environment culminated on Thursday in the biggest bank merger since the 2007-2009 financial crisis, and more deals are likely, analysts and investors said. | Video
Financial adviser Lazard Ltd topped analysts' estimates for quarterly profit on Tuesday, buoyed by strong performance in its M&A advisory business, and said it expected further improvement in deal-making activity in 2019.
New York on Thursday gave approval to commission-free startup Robinhood to trade in seven cryptocurrencies, including bitcoin, ether, bitcoin cash and litecoin, on its online platform.
Morgan Stanley's quarterly profit fell short of expectations as bond trading revenue slumped more than rivals and its wealth management business faltered, sending its shares down 4.4 percent. | Video
Goldman Sachs Group Inc turned in a better-than-expected profit during David Solomon's first quarter at the helm, helped by dealmakers in the division the new chief executive once oversaw. | Video
Wells Fargo & Co's loan book shrank and revenue fell across all its major businesses last quarter, as the fourth-largest U.S. lender continued to work through the consequences of wayward sales practices at its consumer bank.