RBC U.S. Annual Profit to Double Within 7 Years, McKay Says

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  • Royal Bank of Canada had $1 billion in U.S. earnings last year
  • City National, capital markets offer growth opportunities: CEO

Royal Bank of Canada, which had $1 billion of earnings from its U.S. businesses last year, expects to double that within seven years after buying City National Bank, Chief Executive Officer David McKay said.

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