TORONTO — Royal Bank of Canada earned $3.23 billion in its latest quarter, helped by growth in its capital markets, personal and commercial banking and wealth management businesses.
The bank says the profit amounted to $2.20 per diluted share for the quarter ended April 30.
The result compared with a profit of $3.06 billion or $2.06 per diluted share a year ago.
Total provisions for credit losses climbed to $426 million, up from $274 million in the same quarter last year, due to higher provisions in personal and commercial banking, wealth management and capital markets.
On an adjusted basis, RBC reported $2.23 in diluted cash earnings per share for the quarter, up from $2.10 per share a year ago.
Analysts on average had expected a profit of $2.21, according to Thomson Reuters Eikon.
Companies in this story: (TSX:RY)
The Canadian Press
