News Formal

Royal Bank of Canada's profit rises on strength in domestic lending business

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 32 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Royal Bank Of Canada Notizia

Credit Cards,Reported Quarter,Customer Payments

Though customer payments on mortgages, credit cards and other loans have shrunk, large banks still continue to benefit from elevated benchmark lending rates....

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

The gains were partially offset by larger loan loss provisions, or the capital lenders set aside to cover customers who are unable to pay back debt on mortgages and credit cards.A cost-of-living crisis and higher-for-longer interest rates have clouded the outlook for banks in 2024. The country's largest bank's profit climbed to C$3.95 billion, or C$2.74 per share, for the three months ended April 30. That compares with C$3.68 billion, or C$2.60 per share, a year earlier.The S&P 500 could plunge as much as 70% this cycle as markets hit a 'motherlode' of FOMO extremes, famed fund manager says

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 47. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Royal Bank of Canada's profit rises on strength in domestic lending businessThough customer payments on mortgages, credit cards and other loans have shrunk, large banks still continue to benefit from elevated benchmark lending rates....
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »