RBC profit rises 12 percent; bank raises dividend
TORONTO Feb 28 (Reuters) - Royal Bank of Canada reported a 12 percent rise in quarterly profit on Thursday, driven by stronger loan growth and capital markets income, and it raised its dividend.
The bank, Canada's largest, earned C$2.07 billion ($2.05 billion), or C$1.36 a share, in the first quarter ended Jan 31. That compares with a year-before profit of C$1.86 billion, or C$1.22 a share.
On an adjusted basis, the bank earned C$1.38 a share. Analysts had expected a profit of C$1.31 a share, according to Thomson Reuters I/B/E/S.
RBC raised its dividend 5 percent to 63 Canadian cents a share.
- Obama and Castro shake hands, Zuma humiliated at Mandela memorial |
- Google bus blocked in San Francisco gentrification protest
- Reporter can keep sources secret in Colorado theater shooting: court
- Thai PM urges protesters to take part in election |
- U.S. regulators seek to curb Wall St. trades with Volcker rule