RBC Profit Beats Estimates as Wealth, Capital Markets Surge

Updated on
  • Royal Bank raises dividend 2 cents to 83 cents a share
  • RBC joins Bank of Montreal in topping analysts’ estimates

Royal Bank of Canada beat analysts’ estimates for the fiscal third quarter as its City National purchase in the U.S. bolstered wealth management and capital markets earnings surged. Canada’s largest lender raised its dividend 2.5 percent to 83 cents a share.

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