Skip to main content

Royal Bank of Canada (RBC), an IBOS member, today, 21 August 2019, reported its Q3 2019 financial results and a reported net income of $3,263 million for the quarter ended  31 July 2019, up $154 million or 5% from the previous year.

These results reflected strong earnings growth in Personal & Commercial Banking, Wealth Management and Insurance. These were partially offset by lower earnings in Capital Markets and Investor & Treasury Services amidst challenging market conditions.

Compared to Q2 2019, net income was up $33 million with higher earnings in Personal & Commercial Banking, Wealth Management and Insurance, largely offset by lower earnings in Capital Markets and Investor & Treasury Services.

Higher provisions in Personal & Commercial Banking also contributed to the increase. RBC’s capital position remained strong with a Common Equity Tier 1 (CET1) ratio of 11.9%, up 10 bps from Q2 2019. In addition, today RBC announced an increase to its quarterly dividend of $0.03 or 3% to $1.05 per share.

Read the full financial results via RBC here