Royal Bank of Canada's profit rises on strength in domestic lending business-September 2024-www.financetom.com

Royal Bank of Canada's profit rises on strength in domestic lending business

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Royal Bank of Canada's profit rises on strength in domestic lending business

May 30, 2024 3:32 AM

May 30 (Reuters) - Royal Bank of Canada ( RY ) on

Thursday reported a rise in second-quarter profit as the

lender's personal and commercial banking unit benefited from

higher interest income.

The country's largest bank's profit climbed to C$3.95

billion, or C$2.74 per share, for the three months ended April

30. That compares with C$3.68 billion, or C$2.60 per share, a

year earlier.

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