TSX:RYBanks
Royal Bank Of Canada (TSX:RY) Can Fee Growth Sustain Record Profitability?
Royal Bank of Canada stock closed at CA$284.17 heading into these results, roughly flat over the past week after a modest pullback earlier in the month. The market has been treating the recent run with some caution. The earnings print puts that hesitation to the test. Royal Bank of Canada delivered record Q3 net income of about CA$6.0b and record basic earnings per share of CA$4.24, with return on equity near 18%.
The real story now is not today’s tick in the share price. It is whether this...
