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

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 18 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 174%
  • Publisher: 66%

Canadian News Nouvelles

Canada News,Breaking News Video,Canadian Breaking News

RBC’s profit climbed to $3.95-billion, or $2.74 per share, for the three months ended April 30

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.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 31. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

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.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

RBC names insider Stopnik as global investment banking headExplore stories from Atlantic Canada.
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »