MW: Royal Bank of Canada quarterly net income up 10%
By Sarah Turner
LONDON (MarketWatch) -- Royal Bank of Canada (RY 54.66, -0.44, -0.80%) said Friday that fourth-quarter net income rose to C$1.2 billion ($1.1 billion), or 82 Canadian cents a share, compared to C$1.1 billion, or 81 Canadian cents a share, a year ago. Revenue totaled C$7.5 billion, up from C$5.1 billion a year ago. "These results reflect strong performances from Canadian Banking, Capital Markets, Wealth Management, and Insurance," said CEO Gordon Nixon. It announced a dividend of 50 Canadian cents a share. "Looking forward, our robust capital base and solid financial profile should enable RBC to continue to extend our broad-based leadership position in Canada and strengthen our global capabilities," Nixon added.
