RBC Beats Wall St. Expectations with $3.89B Q4 Earnings

Royal Bank of Canada (RBC) exceeded analysts expectations with its fiscal fourth-quarter earnings, reporting a substantial $3.89 billion profit and $2.76 earnings per share. The bank also surpassed revenue forecasts, reaching $24.97 billion and $12.33 billion net revenue. For the full year, RBC reported a $14.54 billion profit and $47.55 billion revenue, demonstrating robust financial performance and a positive outlook for the financial sector.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.