Robust capital markets activity leads RBC results

|By:, SA News Editor

Excluding specific items, net income of $2.418B of $1.62 per share vs. $2.195B and $1.45 one year ago. ROE of 20% slips 40 basis points.

Personal & Commercial Banking net income up 1% from a year ago after excluding the loss related to the sale of RBC Jamaica.

Wealth Management net income of $285M up 22%.

Insurance net income of $214M up 34%.

Investor & Treasury Services net income of $110M up 6%.

Capital Markets net income hits a record $641M up 66%. "Trading and origination activity was robust this quarter."

Basel III CET 1 ratio of 9.5% down 20 basis points from last quarter.

Previously: Royal Bank of Canada boosts dividend by 6%

Previously: Royal Bank of Canada beats by C$0.06

Conference call at 8 ET

RY flat permarket