RBC kicks off big bank earnings with dividend hike, rise in profit

This translation has been automatically generated and has not been verified for accuracy.Royal Bank of Canada reported a 5-per-cent rise in quarterly profit on Wednesday, boosted by growth in personal and commercial banking.

Net income rose to $3.26-billion, or $2.22 per share, in the third quarter ended July 31, from $3.11-billion, or $2.10 per share, a year earlier.Story continues below advertisementYour time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.

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Top CEOs say companies should put social responsibility above profitThe statement marks the first time the nearly 50-year-old group has said shareholder value is not the No. 1 one priority globebusiness It's a recipe for disaster They will find out very quickly that they cant please everyone and that most consumers don't appreciate being preached at globebusiness Had me for a split second.... globebusiness Good, then they agree they should pay more taxes.
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