Royal Bank of Canada reported third-quarter earnings of C$4.28 per share, beating analyst expectations of C$4.04 by C$0.24. Revenue totaled C$18.54 billion, surpassing the consensus estimate of C$18.07 billion.
The bank’s stock closed at C$207.21, reflecting a 9.33% gain over the past three months and a 42.07% increase over the last 12 months. Analysts have revised earnings estimates upward five times in the last 90 days, compared with two downward revisions.
RBC’s financial health score, as assessed by InvestingPro, was rated as "fair performance."
