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Marsh & McLennan's first-quarter profit beats on higher fiduciary interest income

Retrieved on: 2024-04-18 12:14:51

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Marsh & McLennan's first-quarter profit beats on higher fiduciary interest income. View article details on hiswai:

Summary

Marsh & McLennan, an insurance broker, reported higher quarterly profits, leveraging rising interest income amidst the Fed's interest rate hikes, benefiting from its fiduciary role. The Travelers Companies contrast with missed profit estimates due to storms.

Article found on: ca.finance.yahoo.com

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