Royal Bank of Canada
RY: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 771.00 | Xsw | Wcqpwkvhbq |
Revenue Comes in Strong as Royal Bank of Canada Able to Growth Net Interest Income in Fiscal Q4
Wide-moat-rated Royal Bank of Canada, or RBC, reported decent fiscal fourth-quarter earnings. Adjusted earnings per share were CAD 2.78, representing an increase of 2% year over year and 9% quarter over quarter. Results came in stronger than expected for revenue but weaker than expected for expenses.