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Stock impact report

RBC beats expectations with 11% per cent profit rise [Financial Post (Toronto, Ontario, Canada)]

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: Financial Post
RBC beats expectations with 11% per cent profit rise Biggest lender helped by strong growth at its wealth management and retail businesses TORONTO — Royal Bank of Canada, Canada’s biggest lender by market value, on Thursday posted an 11 per cent rise in its second-quarter earnings, helped by strong growth at its wealth management and retail businesses. The bank said earnings per share totalled $2.06 in the quarter to Mar. 31. Excluding one-off items, earnings per share rose to $2.10. Analysts had on average forecast earnings of $2.05, Thomson Reuters I/B/E/S data showed. Net income increased by 9 per cent compared with the previous year to $3.1 billion. That included net income of $1.46 billion at its personal & commercial banking business, up 7 per cent reflecting improved margins and sales. The bank’s wealth management business lifted net income by 25 per cent to $537 million, in part reflecting benefits from tax reform in the United States. RBC’s investment banking business fared l Show less Read more
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