Suncor Energy Inc. . Energy. Up 26 cents, or 0.47 per cent, to $55.54 on 12.1 million shares.
Bank of Nova Scotia. . Finance. Down 55 cents, or 0.84 per cent, to $65.04. Rising strain in auto loans and mortgages led Scotiabank to set aside more money in the second quarter, leading to a drop in profits and analyst concern about its growth prospects. The bank said Tuesday its net income fell to $2.09 billion or $1.57 per diluted share for the quarter ended April 30, down from $2.15 billion or $1.68 per diluted share in the same quarter last year.
We recently analyzed the top utilities stocks hedge funds are buying to profit from the AI-led boom in the industry. Since Vistra Corp. was part of the list, the stock deserves a deeper look. But first, let’s see why everyone’s taking about AI catalysts for utilities stocks these days. The AI revolution that started with Human investment advisors can cost a small fortune -- and not even deliver on returns.
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