Author Bio
Dave mainly covers financial stocks, primarily banks and asset managers, and investment planning. He s covered mutual funds and institutional investments for Pensions & Investments, personal finance for S&P, and money markets and bonds for Crane Data. Dave has been a Fool since 2014. Follow @dhkovaleski
Marsh McLennan (NYSE:MMC), an insurance and consulting firm, saw a major surge in its stock price Tuesday following the release of a strong first-quarter earnings report. The stock price shot up about 4% in early trading and is up about 13% year to date.
There s a lot to like about a 9% increase in revenue year over year to $5.1 billion, a 30% spike in net income to $983 million, and earnings of $1.93 per share (which obliterated estimates).
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