Royal Bank to Slow Hiring After Earnings Miss on Higher Costs

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingTORONTO —

raised its quarterly dividend as it reported a second-quarter profit of $1.69 billion. The bank said Thursday it will now pay a quarterly dividend of 87 cents per share, up from 85 cents. The increased payment to shareholders came as reported its net income amounted to $1.76 per diluted share for the quarter ended April 30, up from $1.52 billion or $1.62 per diluted share a year earlier. Revenue totalled $5.70 billion, up from $5.38 billion in its second quarter last year, whTORONTO — The effects of heightened inflation and central bank efforts to rein it in by slowing the economy are showing in the second-quarter results from Canada's big banks.

was the lone outlier as its results Thursday came in better than analysts had expected. While CanNEW YORK — Wall Street’s building frenzy over artificial intelligence is helping to lift the market Thursday, even as worries worsen about political rancor in Washington. The S&P 500 was 0.7% higher in midday trading after chipmaker Nvidia gave a monster forecast for upcoming sales as it benefits from the tech world's rush into AI. It helped the Nasdaq composite leap 1.4%, as of 11 a.m.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Families 'facing real pressure' as household debt levels push higher, CMHC warnsCMHC says there are signs more Canadians are having financial difficulty as interest rates rise, adding to household debt loads. Read on.
Source: financialpost - 🏆 7. / 85 Read more »

Debt Ceiling negotiations continue to dominate sentimentKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

'Disastrous financial collapse': Ray Dalio on problem bigger than raising debt ceiling
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Stock market today: World stocks slide as U.S. debt worries mountGlobal stock markets and Wall Street futures fell Wednesday as the U.S. government crept closer to a potentially disruptive default on its debt.
Source: CTVNews - 🏆 1. / 99 Read more »

75% of Canadian Household Debt Comes From Mortgages: CMHCCanada is drowning in more debt than any other G7 country, with the escalated cost of mortgage borrowing to blame for three-quarters of the country’s total household debt burden. CMHC_ca | realestate realestatenews housing mortgages
Source: storeyspub - 🏆 16. / 74 Read more »

Crypto prices dip, Bitcoin slides to $26,500 amid debt ceiling stalemateAsset prices continued to face selling pressure on Wednesday as the likelihood of a U.S. debt default increases with each passing day that debt negotiations remain gridlocked.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »