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The Wednesday Express: North American financials


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The Wednesday Express: North American financials

* Anthem's net income per diluted share more than doubled to $1.37 in the 2016 fourth quarter, from 68 cents in the year-ago period.

* Automatic Data Processing, Evercore Partners and Vantiv are also reporting their quarterly results before markets open today.

* H.W. Kaufman Financial Group, through subsidiary Burns & Wilcox Canada, acquired XN Canada Private Client Services, which is the high-value homeowners insurance practice of XN Financial Services and a subsidiary of French insurer The Henner Group.

* Walker & Dunlop acquired the loan origination platform of New Jersey-based commercial mortgage brokerage and advisory firm Deerwood Real Estate Capital.

* In Texas, Vista Bancshares inked a cash-and-stock deal to acquire all outstanding shares of Hamlin Financial, in a transaction set to close during the second quarter.

* Stillwater, Minn.-based Ameri Financial Group is seeking to buy Lino Lakes, Minn.-based First Resource Bank.

* After a "careful review" of the company's entire business, New York-based Medallion Financial is shifting its strategy, favoring its consumer finance business over medallion lending.

* Rules imposed by the Office of the Comptroller of the Currency to exert more control at Wells Fargo & Co. are keeping the bank from paying severance to laid off employees who were not part of the unauthorized accounts scandal, The New York Times reports.

* Western Union has agreed to pay $5 million to a number of states for costs and fees as part of an agreement to settle a state-based investigation into its anti-fraud and anti-money-laundering practices.

* The Consumer Financial Protection Bureau has ordered Prospect Mortgage to pay a $3.5 million civil penalty for allegedly paying kickbacks for mortgage business referrals and violating the Real Estate Settlement Procedures Act.

* Addressing a news conference yesterday, Connecticut Gov. Dannel Malloy rejected the proposed 19% surcharge on investment management service fees, noting that it would be "detrimental to the state," The Wall Street Journal reports.

* Democrats on the Senate Finance Committee blocked a vote on President Donald Trump's nominees to lead the Treasury and the Department of Health and Human Services.

* Meanwhile, President Donald Trump nominated Judge Neil Gorsuch to the Supreme Court.

* Canada's central bank is not expected to increase its rates this year and possibly into 2018, based on remarks made by Bank of Canada Gov. Stephen Poloz, the Journal reports.

* And House Republicans have introduced several healthcare bills that would revise coverage terms for some people who enroll in public exchanges as the GOP leadership considers ways to repeal and replace the Affordable Care Act.

The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription.