Royal Bank of Canada raises div­i­dend

The Pak Banker - - COMPANIES/BOSS -

Royal Bank of Canada, the coun­try’s largest lender by as­sets, said first-quar­ter profit rose 12 per­cent on higher fees from in­vest­ment bank­ing and record earn­ings from con­sumer lend­ing. Net in­come for the pe­riod ended Jan. 31 was C$2.07 bil­lion ($2.02 bil­lion), or C$1.36 a share, com­pared with C$1.86 bil­lion, or C$1.22, a year ear­lier, the Toron­to­based lender said to­day in a state­ment. Royal Bank ben­e­fited from a 25 per­cent profit gain from its RBC Cap­i­tal Mar­kets in­vest­ment-bank­ing busi­ness, and posted record.

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