American Express reported a 12% increase in its first-quarter earnings, as the credit card giant benefited from increased spending by its members.
IntercontinentalExchange Group reportedly acquired Algo Technologies to speed up software matching buyers and sellers at the New York Stock Exchange.
PNC logged a stronger-than-expected 6.5% rise in first-quarter earnings as the regional lender benefited from declining expenses and lower provisions for credit losses.
The No. 2 U.S. bank posted a 1Q loss and recorded $6 billion in litigation expenses related to an FHFA settlement and other mortgage-related matters.