RBC Smashes Earnings Estimates with Strong Capital Markets and Wealth Performance

Royal Bank of Canada (RBC) has released its fiscal third quarter results, exceeding analyst expectations. In the period ending on July 31, RBC earned C$4.28 per share on an adjusted basis, surpassing the C$4.07 average estimate in a Bloomberg survey.

The bank's strong performance in capital markets and wealth management divisions contributed to this success. This trend is consistent with other large banks in Canada, which have also reported better-than-expected results for the quarter.