Royal Bank: Fiscal Q4 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Royal Bank Of Canada (RY) on Wednesday reported fiscal fourth-quarter profit of $3.09 billion.
The Toronto-based bank said it had earnings of $2.13 per share. Earnings, adjusted for non-recurring costs, came to $2.25 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.17 per share.
The bank posted revenue of $24.82 billion in the period. Its revenue net of interest expense was $11.04 billion, also beating Street forecasts.
For the year, the company reported profit of $11.92 billion, or $8.27 per share. Revenue was reported as $42.13 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RY at https://www.zacks.com/ap/RY