Royal Bank of Canada's second quarter adjusted earnings per share below expectations.

The Royal Bank of Canada announced that its adjusted earnings per share for the second quarter were lower than analysts' average expectations. Adjusted earnings per share were $3.12 CAD, while earnings per share were $3.02 CAD. Credit loss provisions were $1.42 billion CAD. Basel III common equity Tier 1 capital adequacy ratio was 13.2%. Common equity Tier 1 capital was $93.32 billion CAD. Adjusted return on equity was 14.7%, while return on equity was 14.2%.