TORONTO (AP) — TORONTO (AP) — Royal Bank Of Canada (RY) on Thursday reported fiscal first-quarter earnings of $3.61 billion.
The bank, based in Toronto, said it had earnings of $2.49 per share. Earnings, adjusted for non-recurring costs, came to $2.55 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.28 per share.
The bank posted revenue of $24.81 billion in the period. Its revenue net of interest expense was $11.78 billion, also topping Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RY at https://www.zacks.com/ap/RY
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