Adjusted earnings slipped to $2.55 per share in the three months ending July 31 compared to average analyst expectations of $2.67 per share.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
accompanying the results. “Our balance sheet is strong and our talented team is as focused as ever on delivering the innovative products, insightful advice and leading partnerships that our clients count on.”Article content Market volatility hit RBC’s capital markets business, with net income tumbling 58 per cent year over year to $479 million. The bank also pointed to $385 million in loan underwriting mark-downs, largely focused in the U.S., as well as loan provision releases for the lower results. Profits fell 40 per cent quarter over quarter.Article content
That'll teach RBC and their Bureaucrats - if you go with ESG and 'woke,' you'll go broken... and how the hell is RBC slipping with all the subsidized QE and the pandemic private working taxpayers' money.