Royal Bank: Fiscal Q2 Earnings Snapshot
Posted May 27, 2021 6:29 am.
Last Updated May 27, 2021 6:38 am.
TORONTO (AP) _ Royal Bank Of Canada (RY) on Thursday reported fiscal second-quarter profit of $3.19 billion.
The bank, based in Toronto, said it had earnings of $2.19 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.99 per share.
The bank posted revenue of $10.85 billion in the period. Its revenue net of interest expense was $9.23 billion, also beating Street forecasts.
Royal Bank shares have climbed 25% since the beginning of the year. The stock has climbed 61% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RY at https://www.zacks.com/ap/RY
The Associated Press
