Royal Bank of Canada earnings and revenue beat estimates by a wide margin. They were not as spectacular as Bank of Montreal yesterday but still very good and they kicked in a 2 cents per quarter dividend increase bringing the quarterly dividend to 83 cents.
Earnings rose 5 percent to $1.76 a share over the same quarter last year and beat the average estimate of $1.71. Net income rose to $2.9 billion.
The biggest concern among investors were the insurance operations due to the Fort McMurray wildfires and others felt the bank did not put enough capital aside for credit losses tied to the energy sector.
Royal Bank Of Canada Stock Analysis
This article is an analysis of Royal Bank of Canada stock at present as I look for profit making opportunities following the release of their latest quarterly result earlier today.
The rest of this Royal Bank Of Canada Stock trade alert and analysis is for FullyInformed Members.
Royal Bank of Canada Stock Trade Alerts – Aug 24 2016
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