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Company News

BUZZ-Royal Bank of Canada: Rises on earnings beat, outlook

** Shares of Canada’s biggest lender rise 1.5 pct to C$96.96 after fourth-quarter profit beats estimates

** Posts earnings of C$2.20/shr, ahead of consensus analyst estimates of C$2.12, according to IBES data from Refinitiv

** RBC benefits from growth at its Canadian retail and wealth management businesses

** Company says it anticipates margins to continue to improve next year

** Underlying business trends were solid and in line with what are always high expectations of this bank - CIBC Capital Markets

** Stock down ~5 pct YTD (Reporting by John Benny in Bengaluru)

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