Lates News

The Royal Bank of Canada (RBC) announced that its adjusted earnings per share for the second quarter were below analysts' average expectations. Adjusted earnings per share came in at 3.12 Canadian dollars (Bloomberg consensus estimate 3.18 Canadian dollars), while earnings per share were 3.02 Canadian dollars. Credit loss provision was 1.42 billion Canadian dollars (expected 1.26 billion Canadian dollars). The Basel III common equity tier 1 capital adequacy ratio was 13.2% (expected 13.3%). Common equity tier 1 capital (CET1) was 93.32 billion Canadian dollars (up 12% year-over-year, expected 81.25 billion Canadian dollars). Adjusted return on equity (ROE) was 14.7% (expected 14.7%), while return on equity was 14.2%.