RBC Profit Misses Estimates as Capital Markets Revenue FallsBy
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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