TORONTO (AP) — TORONTO (AP) — Royal Bank Of Canada (RY) on Thursday reported fiscal fourth-quarter profit of $3.04 billion.
The bank, based in Toronto, said it had earnings of $2.14 per share. Earnings, adjusted for non-recurring gains, were $2.05 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
The bank posted revenue of $22.82 billion in the period. Its revenue net of interest expense was $9.59 billion, which also beat Street forecasts.
For the year, the company reported profit of $11.02 billion, or $7.78 per share. Revenue was reported as $41.62 billion.
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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