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RBC's profit rises on capital markets strength

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RBC's profit rises on capital markets strength

Aug 29, 2024 9:14 AM

Aug 28 (Reuters) - Royal Bank of Canada ( RY ) reported

a rise in third-quarter profit on Wednesday, as the country's

largest lender benefited from robust performance in its capital

markets business.

The bank's adjusted net income rose to C$4.73 billion

($3.51 billion), or C$3.26 per share, in the three months ended

July 31, from C$4.01 billion, or C$2.83 per share, a year

earlier.

($1 = 1.3457 Canadian dollars)

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