RBC reports rise in second-quarter profit on strength in domestic lending business

on Thursday reported a rise in second-quarter profit as the lender’s personal and commercial banking unit benefited from higher interest income.

RBC’s personal and commercial banking unit’s net income rose 7 per cent to $2.05-billion in the reported quarter, primarily driven by higher net interest income, or the difference between what a bank earns on loans and pays on deposits. A cost-of-living crisis and higher-for-longer interest rates have clouded the outlook for banks in 2024.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

RBC names insider Stopnik as global investment banking headThe bank also named Vito Sperduto as the head of RBC Capital Markets in the U.S. RBC, which recognizes a 10% share in investment banking in its home turf...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

RBC Taps Stopnik to Lead Revamped Global Investment-Banking UnitRoyal Bank of Canada has adopted a global structure for its investment-banking business and tapped Matthew Stopnik to head up the division.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

RBC names insider Stopnik as global investment banking headExplore stories from Atlantic Canada.
Herkunft: SaltWire Network - 🏆 45. / 63 Weiterlesen »