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