RBC misses expectations as costs and credit loss provisions eat into profit

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RBC misses expectations but hikes dividend as profit falls

RBC’s net income fell 14 per cent year over year to $3.6 billion in the three months ending April 30. On an adjusted basis, the bank’s profit was down 13 per cent at $3.8 billion. Adjusted diluted earnings per share were $2.65. Bloomberg analysts had been expecting $2.80 per share.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.

| 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againThe bank’s total revenue grew 20 per cent to $13.52 billion since the same quarter last year.

 

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