Royal Bank: Fiscal Q1 Earnings Snapshot
By AP News
Published - Mar 01, 2023, 06:40 AM ET
Last Updated - Jun 22, 2023, 06:47 PM EDT
TORONTO (AP) — TORONTO (AP) — Royal Bank Of Canada (RY) on Wednesday reported fiscal first-quarter net income of $2.39 billion.
The Toronto-based bank said it had earnings of $1.70 per share. Earnings, adjusted for non-recurring costs, came to $2.26 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.17 per share.
The bank posted revenue of $20.96 billion in the period. Its revenue net of interest expense was $11.21 billion, which also beat Street forecasts.
