Forex
RBC Generates Record Revenue, Led by Strong Performance from Wealth Management
Royal Bank of Canada (RY) has released its revenue breakdown for the previous year. The company's total revenue reached a significant figure, at $47.52 billion USD.
The largest contributor to RY's revenue was its Wealth Management segment, which generated an impressive $15.96 billion USD. This is a notable increase from the previous year, when the same segment produced $14.08 billion USD.
The company's top-performing region was Canada, accounting for $29.86 billion USD of RY's revenue last year, compared to $25.72 billion USD in the previous year.