The largest bank in Canada, announced their largest year-end profit ever today.\u00c2\u00a0 The Royal Bank of Canada (TSE: RY, NYSE: RY) reported a net income of $4.7 billion or $3.59 per share which is an increase of 40% over a year ago.\u00c2\u00a0 So far the only other major Canadian bank to release its financial statement is BMO, which posted a profit of $2.7 billion which is a large ways away from RBC.\u00c2\u00a0 The profits are likely to continue as they are expecting a “robust Canadian economy, with strong consumer spending and solid business investment.\u00c2\u00a0 The strong earnings were attributed to the wealth management and banking divisions.\u00c2\u00a0 With such strong earnings, I wish they would lower there fees that way I might consider doing more banking with them.<\/p>\n","protected":false},"excerpt":{"rendered":"
The largest bank in Canada, announced their largest year-end profit ever today.\u00c2\u00a0 The Royal Bank of Canada (TSE: RY, NYSE: RY) reported a net income of $4.7 billion or $3.59 per share which is an increase of 40% over a year ago.\u00c2\u00a0 So far the only other major Canadian bank to release its financial statement … Continue reading Royal Bank’s year-end profit Reaches New Record<\/span>