Royal Bank: Fiscal Q2 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Royal Bank Of Canada (RY) on Thursday reported fiscal second-quarter net income of $3.09 billion.
The Toronto-based bank said it had earnings of $2.12 per share. Earnings, adjusted for non-recurring costs, came to $2.20 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.
The bank posted revenue of $22.93 billion in the period. Its revenue net of interest expense was $11.03 billion, also missing Street forecasts.
_____
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
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
22 minutes ago
- Bloomberg
Stocks Will Rally Despite Extended Dollar Declines, MLIV Pulse Survey Finds
US equities will put the worst of this year's trade-war turmoil behind them and rally to fresh highs in 2025, according to a survey of Bloomberg subscribers who attended a panel discussion on macro trends. The S&P 500 will climb to 6,500 — a better than 9% increase from Thursday's close — by year-end, according to 44% of the 27 responses in a Markets Live Pulse survey. The index was seen reaching that level by the first half of next year by 26% of participants, with 11% saying it would happen in the second half and the remainder estimating 2027 or later.
Wall Street Journal
23 minutes ago
- Wall Street Journal
Why Would Musk Pick This Fight with Trump?
They were powerful together. But now the clash between the president and the world's richest man threatens to tear their ambitions apart—if they can't find a way to detente.
Fast Company
25 minutes ago
- Fast Company
Leading Without Fear: How Megababe and Evvy Face Taboos Head-On
Join Katie Sturino, founder of Megababe, and Priyanka Jain, cofounder and CEO of Evvy, for an unfiltered conversation on how they tackle staid and stigmatized categories with savvy marketing, inventive services and products, and a deep understanding of consumer needs. These entrepreneurs are defining fearless leadership by serving overlooked markets in fresh ways—all while driving growth.
