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RBC Exclusive: Latest Q4 Earnings Report Boost Deep-Dive

Royal Bank of Canada (RBC) exceeded earnings expectations in the fourth quarter, bolstered by strong performance in the capital markets and a beneficial tax adjustment.

Royal Bank of Canada (RBC) surpasses earnings expectations with strong capital markets performance and favorable tax adjustment. PHOTO: GETTY IMAGES

The bank reported a surge in revenue in the corporate and investment banking sector, resulting in a 36% increase in net income for the capital markets unit compared to the previous year.

Additionally, RBC saw a boost of C$578 million ($425 million) from deferred tax

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