RBC rakes it in with fees

RBC rakes it in with fees

Wealth management fees represented a big driver of profits at Royal Bank of Canada during the second quarter. The bank reported net income grew 15 per cent during the three-month period. The results were helped by record earnings in the wealth management segment. Royal Bank said net income grew 15 per cent in the second quarter,. Wealth management fees were up 25 per cent to $278 million from a year earlier.

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