Royal Bank of Canada Stock Hits Record High on Better-Than-Expected Earnings
Royal Bank of Canada(RY) Investopedia·2024-08-29 01:06
Key Takeaways The Royal Bank of Canada reported third-quarter earnings above analysts' estimates, sending its stock to a record high Wednesday. The bank saw profits increase in its personal banking and wealth management divisions. By contrast, several of RBC's Canadian banking peers missed estimates or reported falling profits or revenue in recent weeks. Royal Bank of Canada (RY) shares rose to a record high Wednesday after the bank reported earnings above analysts' estimates, thanks to growing profits in i ...