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raised its quarterly dividend as it reported a second-quarter profit of $1.69 billion. The bank said Thursday it will now pay a quarterly dividend of 87 cents per share, up from 85 cents. The increased payment to shareholders came as reported its net income amounted to $1.76 per diluted share for the quarter ended April 30, up from $1.52 billion or $1.62 per diluted share a year earlier. Revenue totalled $5.70 billion, up from $5.38 billion in its second quarter last year, whTORONTO — The effects of heightened inflation and central bank efforts to rein it in by slowing the economy are showing in the second-quarter results from Canada's big banks.
was the lone outlier as its results Thursday came in better than analysts had expected. While CanNEW YORK — Wall Street’s building frenzy over artificial intelligence is helping to lift the market Thursday, even as worries worsen about political rancor in Washington. The S&P 500 was 0.7% higher in midday trading after chipmaker Nvidia gave a monster forecast for upcoming sales as it benefits from the tech world's rush into AI. It helped the Nasdaq composite leap 1.4%, as of 11 a.m.
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