09:48 AM EST - Royal Bank of Canada : reported net income of $1.506 billion for the second quarter ended April 30, 2011, up $177 million, or 13% from last year. Canadian Banking net income was $851 million, up $115 million or 16% from last year, reflecting solid volume growth across all businesses and lower provision for credit losses. The nation’s largest bank also announced a $0.04, or 8%, increase to its quarterly dividend. Royal Bank of Canada
shares T.RY are trading down $1.54 at $57.61.
