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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.
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El Royal Bank of Canada informa que el beneficio del 7% Q4 aumentó a 4.220 millones de dólares, aumentando así su dividendo.