<\/p>\n
Royal Bank of Canada(RBC) said it earned $3.95 billion up from $3.68 billion in the same quarter last year.<\/p>\n
“This quarter, we saw strong growth across diversified revenue streams,” said chief executive Dave McKay on an earnings call.<\/p>\n
He said the bank’s capital generation means it has options ahead for growth, including potential acquisitions, even as the bank returns more money to shareholders.<\/p>\n
“This enormous capital that we are generating gives us significant strategic flexibility inorganically.”<\/p>\n
Revenue totalled $14.15 billion, up from $12.45 billion in the same quarter last year.<\/p>\n
The bank’s provision for credit losses amounted to $920 million for the quarter, up from $600 million a year ago.<\/p>\n
RBC said its personal and commercial banking business earned $2.05 billion, up from $1.92 billion in the same quarter last year, while its wealth management business earned $769 million, up from $719 million a year ago.<\/p>\n
The bank’s insurance business earned $177 million in the second quarter, up from $170 million in the same quarter last year.<\/p>\n
RBC’s capital markets business earned $1.26 billion, up from $962 million a year ago, helped by higher merger and acquisition activity, loan syndications, as well as equity and debt origination.<\/p>\n
The bank’s corporate support segment reported a loss of $309 million for its latest quarter compared with a loss of $86 million a year ago.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Royal Bank of Canada(RBC) said it earned $3.95 billion up from $3.68 billion in the same quarter last year. “This quarter, we saw strong growth across diversified revenue streams,” said chief executive Dave McKay on an earnings call. He said the bank’s capital generation means it has options ahead for growth, including potential acquisitions, even […]<\/p>\n","protected":false},"author":1,"featured_media":1757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/RBC-44-1140x445.jpeg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/RBC-44-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/RBC-44-300x200.jpeg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/RBC-44.jpeg",2000,1334,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=1756"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1756\/revisions"}],"predecessor-version":[{"id":1758,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1756\/revisions\/1758"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/1757"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=1756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=1756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=1756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}