Royal Bank: Fiscal Q1 Earnings Snapshot

TORONTO (AP) — TORONTO (AP) — Royal Bank Of Canada (RY) on Wednesday reported fiscal first-quarter earnings of $2.65 billion.

The bank, based in Toronto, said it had earnings of $1.85 per share. Earnings, adjusted for non-recurring costs, came to $2.11 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.06 per share.

The bank posted revenue of $24.24 billion in the period. Its revenue net of interest expense was $9.98 billion, which did not meet 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