Here's a round-up of the financial news from around the world:
1. Lloyds Banking Group plc (LYG) - Get Report posted its strongest full year profits since the global financial crisis Wednesday and boosted it annual dividend to around £2.2 billion
2. Bayer AG (BAYRY) shares traded lower in Frankfurt Wednesday after the drugmaker posted solid full-year earnings but said its crop sciences unit would only see modest growth in 2017 as it completes its $66 billion takeover of Monsanto Co.
3. Pfizer (PFE) - Get Report, the world's biggest drugmaker, said Wednesday that it's abandoning its European listings due to liquidity issues
4. The Dow Jones Industrial Average increased 0.58% to close at 20,743, capping off its eighth straight day of gains following a better-than-expected quarter from Walmart (WMT) - Get Report