(Bloomberg) -- Royal Bank of Canada, the country’s second-largest lender by assets, said quarterly profit rose 11% on gains in Canadian banking and wealth management.

Net income for the fiscal quarter ended Oct. 31 climbed to C$2.33 billion ($2.05 billion), or C$1.57 a share, from C$2.1 billion, or C$1.39, a year earlier, the Toronto-based bank said today in a statement. Adjusted profit, which excludes some items, was C$1.59 a share, matching the average estimate of 13 analysts surveyed by Bloomberg.

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