Forex
RBC Posts Record Earnings Amid Strong Revenue Growth
Royal Bank of Canada (RY) posted record earnings of CAD6 billion for Q3 2026, up 11% year-over-year. Revenue grew 9%, while diluted EPS reached CAD4.23.
The bank's strong capital position is maintained with a CET1 ratio of 13.5%. Adjusted operating leverage and efficiency ratio also improved to 2.4% and 52%, respectively.
Capital Markets net income was a record CAD1.5 billion, up 16% from last year. Wealth Management saw a 32% increase in net income to CAD1.4 billion. However, insurance net income declined 20% due to lower insurance service results.