Industry News, Trustworthy Insights

Popular Companies:

RBC Q2 24 Earnings: Giant 31% Net Income Surge Explained

RBC (Royal Bank of Canada) outperformed analysts’ expectations in its second quarter, driven by robust capital markets performance and lower-than-anticipated loan loss provisions.

The RBC head office in downtown Ottawa. PHOTO: Alex Tétreault
The RBC head office in downtown Ottawa. PHOTO: Alex Tétreault

This resulted in a 5.2% surge in shares, the most significant increase since 2020. As Canada’s largest bank, RBC recently finalized the acquisition of HSBC Holdings Plc’s Canadian business. The bank reported adjusted earnings of C$2.92 per share, surpassing the average analyst estimate of

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]