Banks, lenders and other financial companies rose slightly as traders bet the Federal Reserve would gradually raise interest rates, beginning with another increase in June.
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Federal Reserve governor Lael Brainard said the outlook for global growth is positive, even if there is cause for concern in the U.S.
Royal Bank of Canada's second-quarter sales and profit exceeded Wall Street targets, helped by strength in its fee-based businesses. RBC's Toronto rival CIBC said its net income rose 12% from a year earlier to around $780.8 million.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
May 25, 2017 16:35 ET (20:35 GMT)