More on Royal Bank of Canada (RY) FQ2 earnings: Retail and commercial net income of $1.057B up...

|About: Royal Bank of Canada (RY)|By:, SA News Editor

More on Royal Bank of Canada (RY) FQ2 earnings: Retail and commercial net income of $1.057B up 12% Y/Y, as lower loan loss provisions offset declining spread income. Wealth Management income of $225M up 6%. Insurance income of $166M up 10%. Capital Markets income of $386M up 4% as U.S. loan syndication growth overcame sluggish FICC business. Capital ratio of 9.1% off 20 bps from Q1 thanks to 45 bp impact of the Ally Canada acquisition. CC is underway. (slides) (PR)

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