Royal Bank (T.RY) Q1 earnings ahead of forecasts

Stockhouse Editorial
0 Comments| February 26, 2014


Royal Bank of Canada (TSX: T.RY, Stock Forum) says its first-quarter net income was up two per cent from a year ago to $2.09 billion or $1.38 a share.

Ex-items, RBC earned $1.47 a share, which was above estimates, the company said in a press release.

The bank also announced its quarterly dividend will increase by six per cent to 71 cents per common share and its shares rose 16 cents to $72.86.

Toronto-Dominion Bank (TSX: T.TD, Stock Forum) and CIBC (TSX: T.CM, Stock Forum) issue earnings results Thursday while Scotiabank (TSX:BNS) posts earnings next Tuesday.

Tags: BANKS - GLOBAL FINANCIAL SERVICES

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