RBC reported a 22% drop in profit but beat analysts estimates. Find out more
beat analyst expectations in the first quarter despite higher credit loss provisions and the impact of a federal tax on banking as revenues grew across its core banking business and capital markets segments.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account and fewer ads
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RBC beats analysts’ forecasts despite drop in first-quarter profitRoyal Bank’s adjusted profit for the three-month period totalled $3.10 a share, exceeding the $2.94 analysts had been expecting
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RBC beats expectations despite profit drop on higher bad loan provisionsOn an adjusted basis, the bank's net income grew 4% to $4.3B since last year, or earnings of $3.10 per share
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