News Formal

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 Notícia

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.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 31. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

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.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

RBC names insider Stopnik as global investment banking headExplore stories from Atlantic Canada.
Fonte: SaltWire Network - 🏆 45. / 63 Consulte Mais informação »