Canada's RBC quarterly profit rises as wealth management business remains robust-December 2024-www.financetom.com

Canada's RBC quarterly profit rises as wealth management business remains robust

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Canada's RBC quarterly profit rises as wealth management business remains robust

Feb 27, 2025 3:24 AM

Feb 27 (Reuters) - Royal Bank of Canada ( RY ) on Thursday reported a

higher first-quarter profit, helped by strong performance in its wealth

management unit.

The Canadian lender posted an adjusted profit of C$5.25 billion ($3.66

billion), or C$3.62 per share, in the three months ended January 31, compared

with C$4.07 billion, or C$2.85 apiece, in the year ago period.

($1 = 1.4335 Canadian dollars)

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