Record Fourth Quarter Earnings
RBC reported record fourth quarter earnings of $5.4 billion and adjusted earnings of over $5.5 billion, showcasing the strength of their diversified business model.
Strong Return on Equity
RBC achieved a strong return on equity of 16.8% for the quarter, supported by a CET1 ratio of 13.5%.
Dividend Increase
RBC increased their dividend by $0.10 or 6%, along with a $1 billion share buyback, enhancing shareholder returns.
Wealth Management and Capital Markets Success
Wealth Management reported record revenue, and Capital Markets achieved record fourth quarter results with net income of $1.4 billion, up 45% from the previous year.
Record Results in Multiple Segments
RBC achieved record results in Wealth Management, Personal Banking, Capital Markets, and Commercial Banking, driven by strong volume growth and constructive markets.