RBC Posts Record Earnings of C$20.4 Billion, Boosts Profitability Target

Royal Bank of Canada beat estimates on strong results in its capital-markets and wealth-management divisions, capping off a year of brisk trading activity, and set higher targets for returns on shareholders’ capital.

Canada’s biggest lender earned C$3.85 a share on an adjusted basis in its fiscal fourth quarter, according to a statement Wednesday, beating analysts’ average estimate of C$3.54.