Bank of Montreal bumped up its dividend after earnings in its second-quarter were lifted by strength in its wealth management business.

Canadian lender Bank of Montreal reported a rise in second-quarter profit on Wednesday, helped by strength in its wealth management business. Like rivals Scotiabank and TD Bank, BMO also set aside more money to protect against bad loans in an uncertain economic environment driven by U.

Bank of Montreal (BMO) fiscal Q2 earnings topped the average analyst estimate on Wednesday, while its revenue for the quarter trailed the consensus, with net interest income coming in weaker than analysts expected.