TORONTO (AP) — TORONTO (AP) — Royal Bank Of Canada (RY) on Wednesday reported fiscal third-quarter net income of $3.27 billion.
The bank, based in Toronto, said it had earnings of $2.26 per share. Earnings, adjusted for non-recurring costs, came to $2.38 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.
The bank posted revenue of $25.12 billion in the period. Its revenue net of interest expense was $10.68 billion, also exceeding Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RY at https://www.zacks.com/ap/RY