More on RBC FQ1 results

|By:, SA News Editor

Adjusted net income of $2.184B gains 7% from a year ago and 2% from FQ4.

Personal & Commercial Banking adjusted net income of gained 5% Y/Y. The adjustment related to charges over the sale of RBC Jamaica.

Wealth Management adjusted net income gained 16% from a year ago thanks to higher AUM and performance fees.

Insurance net income of $157M fell 4% Y/Y.

Investor & Treasury Services net income of $106M rose 34% Y/Y, with the bank touting continuing focus on expenses and better net interest income on growing client deposits.

Capital Markets net income of $505M up 9% Y/Y.

Basel III capital ratio of 9.7% is up 10 bps from last quarter.

Quarterly dividend is boosted 6%.

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