Wealth management fees represented a big driver of profits at Royal Bank of Canada during the second quarter.
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.
Read the full story.
For more Newswire stories:
Top fine for top player
Canadians fretting about interest rate
Pressure at the gas pump hits consumers
Enbridge contemplates rate hike
It’s the economy, Ontario candidates!
China conflict roils market
RBC rakes it in with fees
Funny Friday
