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flag Royal Bank of Canada reports a strong Q3 profit, up to $5.4 billion, marking a significant yearly increase.

flag Royal Bank of Canada (RBC) reported a strong third-quarter profit of $5.4 billion, up from $4.5 billion a year ago. flag Earnings per share rose to $3.75 from $3.09. flag Revenue increased to $16.99 billion from $14.63 billion. flag The bank saw growth across all its segments, with wealth management and capital markets profits up by 15% and 13%, respectively. flag The provision for credit losses, at $881 million, was higher than last year but below forecasts. flag RBC's capital position remains robust, with a common equity Tier 1 ratio of 13.2%.

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