Royal Bank of Canada, the first Canadian lender to report fourth-quarter results, said profit rose 22 percent on higher trading and investment-banking fees, beating analysts estimates.
Net income for the period ended Oct. 31 was C$1.91 billion ($1.93 billion), or C$1.25 a share, up from C$1.57 billion, or C$1.02, a year earlier, the Toronto-based lender said today in a statement. Revenue rose 12 percent to C$7.52 billion.
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