Royal Bank: Fiscal Q4 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Royal Bank Of Canada (RY) on Wednesday reported fiscal fourth-quarter net income of $3.89 billion. The bank, based in Toronto, said it had earnings of $2.69 per share. Earnings, adjusted for non-recurring costs, were $2.76 per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.51 per share. The bank posted revenue of $24.97 billion in the period. Its revenue net of interest expense was $12.33 billion, which also topped Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RY at https://www.zacks.com/ap/RY