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Stock impact report

UPDATE 2-Royal Bank of Canada, TD Bank profit beats view, powered by loan growth [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
Royal Bank of Canada, TD Bank profit beats view, powered by loan growth - Reuters 2 Min Read (Reuters) - Royal Bank of Canada and Toronto-Dominion Bank beat analysts’ estimates for quarterly profits on Thursday, as strong loan growth bolstered their retail banking businesses and interest income. Higher interest rates in Canada and the United States also gave a boost to net interest margins at Canada’s two biggest banks, as they earned more from loans than they paid out on deposits. Since July 2017, the Central Bank of Canada has raised key interest rates five times, while the U.S. Federal Reserve has increased rates six times. At RBC, total loans rose around 9%, while at TD, they rose 3%, with all home, personal and business loans showing growth. Smaller bank Canadian Imperial Bank of Commerce, which reported its second-quarter results on Wednesday, posted negligible growth in total loans. Its residential mortgage loans fell. Net income at RBC’s personal and commercial banking divisio Show less Read more
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