Royal Bank profit beats expectations, but provisions for credit losses climb
|National Post 23 May 2019 at 03:39|
Total provisions for credit losses climbed to $426 million, up from $274 million in the same quarter last year, due to higher provisions in personal and commercial banking, wealth management and capital markets.
On an adjusted basis, RBC reported $2.23 in diluted cash earnings per share for the quarter, up from $2.10 per share a year ago.
Analysts on average had expected a profit of $2.21, according to Thomson Reuters Eikon.
Maybe Bill Morneau has a right to be proud, but the IMF isn’t as taken with his work as Finance makes its sound
We campaigned on scrapping the job-killing carbon tax and Albertans responded loud and clear, Jason Kenney said of Bill 1
First of Canada s big banks to report misses expectations
Barrick offered a nine per cent discount to the London-listed Acacia’s closing price, valuing it at US$787 million