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Stock impact report

Canada's two biggest banks beat profit forecasts [Reuters]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Company Research Source: Reuters
Canada's two biggest banks beat profit forecasts | Reuters 2 Min Read TORONTO (Reuters) - Royal Bank of Canada ( RY.TO ) and Toronto-Dominion Bank ( TD.TO ), Canada’s two biggest lenders, on Thursday reported second quarter earnings which were ahead of market expectations, shrugging off concerns over slowing mortgage growth. RBC, Canada’s biggest lender by market value, posted an 11 percent rise in earnings per share to C$2.06 in the quarter to Mar. 31, also helped by strong growth at its wealth management business. Excluding one-off items, earnings per share rose to C$2.10. Analysts had on average forecast earnings of C$2.05, Thomson Reuters I/B/E/S data showed. RBC said net income increased by 9 percent compared with the previous year to C$3.1 billion ($2.4 billion). That included net income of C$1.46 billion at its personal & commercial banking business, up 7 percent, reflecting improved margins and sales. The bank’s wealth management business lifted net income by 25 percent to Show less Read more
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