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Stock impact report

UPDATE 1-Royal Bank of Canada profit rises 6% on loan growth, higher trading [Reuters (UK)]

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
Royal Bank of Canada profit rises 6% on loan growth, higher trading - Reuters 2 Min Read (Reuters) - Royal Bank of Canada reported a 6% rise in adjusted quarterly profit on Thursday, boosted by loan growth in its retail banking business and higher revenue in its trading business from improved market conditions. Interest rate hikes in Canada and the United States, where the bank has a presence, have boosted Canadian lenders’ net interest margins in recent quarters. The Bank of Canada has raised key interest rates five times since July 2017, while the U.S. Federal Reserve has increased rates six times over the same period. Net income at RBC’s personal and commercial banking division, which provides loans and other financial products to businesses and individual consumers across Canada, rose 6% to C$1.55 billion ($1.15 billion) from a year earlier. Total loans and acceptances rose 9% to C$621.6 billion, with growth across home, personal and business loans. Net income from the lender’s ca Show less Read more
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