(Reuters) -Royal Bank of Canada on Wednesday beat analysts' estimates for quarterly profit, as its wealth management and capital market divisions benefited...
-Royal Bank of Canada on Wednesday beat analysts' estimates for quarterly profit, as its wealth management and capital market divisions benefited from higher fee income while elevated interest rates helped the bank earn more from lending.
Analysts have raised questions about the strength of RBC's balance sheet after the deal closes, after the regulator hiked the minimum requirement to 11.5%. RBC said City National remains a top priority and it will focus on delivering a more normal level of net income in 2025. RBC's earnings were dented by a C$159 million fee from the U.S. Federal Deposit Insurance Corporation, which has levied charges on banks to replenish its deposit insurance fund drained by the collapse of Silicon Valley Bank and Signature Bank last year.
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