Photographer: Ben Nelms/Bloomberg

RBC Profit Misses Estimates as Capital Markets Revenue Falls

  • Higher oil-and-gas provisions crimped results for lender
  • Royal Bank raises its quarterly dividend 2.5% to 81 cents

Royal Bank of Canada posted fiscal first-quarter profit that missed analysts’ estimates as earnings from insurance and capital markets fell and the lender set aside more money for soured energy loans. The bank raised its quarterly dividend 2.5 percent.

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