August 24, 2016 / 10:12 AM / a year ago

Canada's RBC's third-quarter earnings beat market expectations

TORONTO, Aug 24 (Reuters) - Royal Bank of Canada on Wednesday reported third-quarter results which beat market expectations, benefiting from a strong performance from its wealth management and capital markets businesses.

Canada’s biggest bank said net income excluding one-off items was C$2.7 billion or C$1.72 per share, compared with C$1.66 the year before.

Analysts on average expected earnings of C$1.70, according to Thomson Reuters I/B/E/S.

Reporting by Matt Scuffham; editing by Jason Neely

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