Royal Bank Of Canada (TSE:RY) has released an update.
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Royal Bank of Canada (RBC) has reported a robust third-quarter performance for 2024, with net income soaring to $4.5 billion, marking a 16% increase from the previous year, and diluted earnings per share (EPS) climbing 13% to $3.09. The bank’s strong results were partly attributed to the inclusion of HSBC Bank Canada’s earnings, enhancing RBC’s presence in Personal & Commercial Banking, Capital Markets, and Wealth Management sectors. RBC’s strategic growth and solid financials, underscored by a sturdy capital position with a CET1 ratio of 13.0%, signal confidence in its ability to deliver long-term value to stakeholders.
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