Royal Bank’s adjusted profit for the three-month period totalled $3.10 a share, exceeding the $2.94 analysts had been expecting
posted lower-than-expected results. National Bank of Canada also reports Wednesday, followed by Toronto-Dominion Bank on Thursday.
Total revenue climbed to $15.1-billion, up 16 per cent in the quarter, as a boost in net interest income – the difference between what banks earn on loans and pay on deposits – and global markets offset weaker insurance results. But expenses grew 17 per cent to $7.68-billion, which the bank said was driven compensation and technology investments.
France Dernières Nouvelles, France Actualités
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