finance.yahoo.com

Royal Bank of Canada Posts Record Profit as Tariffs Loom

Royal Bank Of Canada logoRoyal Bank Of Canada
Sig2.95Sen+3.15Env0.00Soc-0.85Gov0.00

Royal Bank of Canada reported net income of $6.0 billion in fiscal third quarter, up 11% year over year, with revenue rising 9% to $18.538 billion. Wealth and Capital Markets earnings increased on stronger client assets and deal activity. Management also flagged progress toward AI value goals. Credit loss provisions rose to $1.0 billion as gross impaired loans climbed.

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