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Financials News

Manulife seeks to trade health data for insurance premium discounts
Manulife Financial Corp. is bringing its fitness trackers and financial incentives to the Canadian market.
Posted on 2-09-2016 at 12:35 PM
Canadian bank stocks not as safe as you were told: Fidelity fund manager
Canada’s big banks have long been seen as rock-solid investments during times of market turmoil. But one award-winning fund manager says their ubiquitous reputation for stability has lulled many into ignoring growing risks posed by continued weakness in the energy sector.
Posted on 2-02-2016 at 2:42 PM
Scotia downgraded, RBC’s outlook revised as rating agencies see risks
Two of Canada’s biggest banks have attracted the attention of credit rating agencies. Bank of Nova Scotia was downgraded one notch by Moody’s, while Fitch revised its outlook on RBC to negative due to potential earnings volatility.
Posted on 1-26-2016 at 7:27 AM
Morgan Stanley beats forecasts, girds for more cost cuts
Morgan Stanley posted better-than-expected fourth-quarter results largely thanks to greater cost cutting, now chief executive James Gorman is focusing on ways to cut even more deeply.
Posted on 1-19-2016 at 1:22 PM
Lower legal bill boosts Citi profit but core revenue weak
Citigroup Inc reported a massive jump in quarterly profit as a sharp drop in legal costs and gains from the disposal of unwanted assets more than made up for weak revenue from its core business.
Posted on 1-15-2016 at 9:52 AM
JPMorgan posts better-than-expected profit
JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a better-than-expected quarterly profit for the last quarter of the year as it kept a tight lid on expenses and legal costs dropped sharply.
Posted on 1-14-2016 at 8:28 AM

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