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Company News

Royal Bank of Canada quarterly earnings up 14 percent

TORONTO, Aug 22 (Reuters) - Royal Bank of Canada, the country’s biggest lender, reported a 14 percent rise in third-quarter earnings on Wednesday, helped by strong results from its retail, wealth management and investment banking businesses.

The bank said earnings per share, excluding one-off items, totaled C$2.10 in the quarter ended July 31. Analysts had on average forecast earnings of C$2.11 per share, according to Thomson Reuters I/B/E/S. (Reporting by Matt Scuffham Editing by Edmund Blair)

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