RBC Reports Higher First Quarter Profit of C$5.86 Billion
Royal Bank of Canada reported a first-quarter profit of C$5.86 billion today. Results were buoyed by strength in its capital markets and personal banking.
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Royal Bank of Canada reported a rise in its first-quarter profit on Thursday, supported by strong performance in its capital markets and personal banking segments. The financial institution, which is a major player in Canada, reported an adjusted net income of C$5.86 billion ($4.28 billion). This figure translates to C$4.08 per share, an increase from the C$5.25 billion, or C$3.62 per share, reported in the prior year.
