RBC profit brings dividend hike for investors

After yesterday’s disappointing results for BMO there was better news from the banking sector today with Royal Bank of Canada announcing first quarter net income of $2.46 billion.

RBC profit brings dividend hike for investors
After yesterday’s disappointing results for BMO there was better news from the banking sector today with Royal Bank of Canada announcing first quarter net income of $2.46 billion, a 17 per cent increase year-over-year and amounting to $1.65 per share; adjusted  profit was $1.67 per share, beating expectations by 9 cents. The bank’s shares rose 3 per cent on the announcement.

 

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