Royal Bank of Canada on Friday reported a bigger-than-expected increase in quarterly earnings, driven by strong results from its wealth management and capital markets divisions.Canada's largest bank also boosted its quarterly dividend, as widely expected, by roughly 6 percent to 75 Canadian cents a share.Shares in the bank hit a lifetime high of C$82.15 early on Friday before easing 1.2 percent to C$80.67 on a negative day on the Toronto Stock Exchange."Overall the results are better than what we expected," said Morningstar analyst Dan Werner, noting executives on its conference call "tried to temper the analyst community a little bit in terms of expectations."
Royal Bank of Canada, is a Canada-based banking company. Shares of RY fell by 1.22% or $-0.909/share to $73.74. In the past year, the shares have traded as low as $60.76 and as high as $74.82. On average, 422248 shares of RY exchange hands on a given day and today's volume is recorded at 410052.
Royal Bank of Canada, is a Canada-based banking company. Shares of RY fell by 1.16% or $-0.95/share to $80.71. In the past year, the shares have traded as low as $63.62 and as high as $81.91. On average, 1838120 shares of RY.TO exchange hands on a given day and today's volume is recorded at 1986305.
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