(Bloomberg) -- Royal Bank of Canada, the first Canadian lender to report second-quarter results, posted profit that beat analysts estimates on record earnings from wealth management and a lift from trading.
Net income for the three months ended April 30 climbed 15% to C$2.2 billion ($2 billion), or C$1.47 a share, from C$1.91 billion, or C$1.25, a year earlier, the Toronto-based bank said today in a statement. Adjusted profit, which excludes some items, was C$1.49 a share, the bank said, topping the C$1.43 average estimate of 11 analysts surveyed by Bloomberg.
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