Royal Bank of Canada reports a 7% Q4 profit rise to $4.22 billion, boosting its dividend.

Royal Bank of Canada (RBC) reported a 7% increase in Q4 profit to $4.22 billion, raising its quarterly dividend to $1.48 per share from $1.42. Revenue rose 19% to $15.07 billion, driven by higher earnings in personal and commercial banking, wealth management, and insurance, partially offset by increased expenses. The bank's acquisition of HSBC Canada contributed significantly to the earnings growth.

December 04, 2024
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