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Stock impact report

UPDATE 2-Royal Bank of Canada quarterly earnings beat market forecasts [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 quarterly earnings beat market forecasts | Reuters 2 Min Read TORONTO (Reuters) - Royal Bank of Canada ( RY.TO ) on Wednesday reported a forecast-beating 17 percent jump in fourth-quarter earnings, helped by growth in its retail banking and wealth management divisions. Canada’s biggest lender by market value posted earnings per share of C$2.20 in the three months to Oct. 31, ahead of a consensus analyst forecast of C$2.12, according to IBES data from Refinitiv. The bank reported a 15 percent increase in net income to C$3.25 billion ($2.45 billion) during the quarter. That included a 10 percent rise in net income from retail banking to C$1.54 billion, benefiting from improved margins and growth in residential mortgages, commercial lending and deposits. Like other Canadian banks, RBC has benefited from the Bank of Canada hiking interest rates five times since last summer. RBC reported a 13 percent increase in net income at its wealth management business to C$553 b Show less Read more
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