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Company News

Royal Bank of Canada profit jumps 11%

Feb 21 (Reuters) - Canada’s biggest lender, Royal Bank of Canada reported a nearly 11% rise in quarterly profit on Friday, boosted by growth in its capital markets, and personal and commercial banking units.

Net income rose to C$3.51 billion, or C$2.40 per share, in the first quarter ended Jan. 31, from C$3.17 billion, or C$2.15 per share, a year earlier.

RBC is the first of Canada’s big banks to report first-quarter earnings. (Reporting by C Nivedita in Bengaluru and Nichola Saminather in Toronto; Editing by Shinjini Ganguli)

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