RBC Posts Record Q3 Earnings with 11% Adjusted Diluted EPS Growth
Royal Bank of Canada (ISIN CA7800871021) has reported record Q3 earnings, exceeding expectations. The bank's adjusted diluted EPS reached CAD 4.28 in Q3 2026, an 11 percent increase from the prior year. This growth is attributed to a strong earnings mix across various business segments.
Wealth Management net income rose 32 percent year over year to CAD 1.4 billion, while Capital Markets net income increased 16 percent to CAD 1.5 billion. Investment banking revenue grew 23 percent, contributing to the quarter's fee-income growth beyond traditional lending.
Analysts have set targets above the current stock price, with an average target of CAD 292.86 and a Moderate Buy consensus from MarketBeat. However, credit quality, mortgage competition, and capital markets volatility are seen as potential variables affecting future performance.