After yesterday’s disappointing results for BMO there was better news from the banking sector today with Royal Bank of Canada announcing first quarter net income of $2.46 billion.
After yesterday’s disappointing results for BMO there was better news from the banking sector today with Royal Bank of Canada announcing first quarter net income of $2.46 billion, a 17 per cent increase year-over-year and amounting to $1.65 per share; adjusted profit was $1.67 per share, beating expectations by 9 cents. The bank’s shares rose 3 per cent on the announcement.
