Wealth and Asset Management
RBC Q3 2023 net income +8% y-o-y, beats forecasts
Royal Bank of Canada reports net income of C$3.9bn ($2.89bn) for the third quarter up 8% from the prior year. Results this quarter reflect higher provisions for credit losses, with a PCL on loans ratio of 29 bps. Results benefit from lower taxes reflecting a favourable shift in earnings mix….
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