RBC reports higher Q2 profit on capital markets boost
Royal Bank of Canada reported Q2 net income of C$5.51 billion as its capital markets unit profit rose 23 percent. Market volatility fueled the trading activity.
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Royal Bank of Canada reported second-quarter net income of C$5.51 billion, up from C$4.39 billion a year earlier, as capital markets activity surged during a volatile period. Earnings reached C$3.85 per share, compared with C$3.02 per share in the prior-year quarter. High market volatility is fueling trading revenue for Canada's largest lender.
