Royal Bank Of Canada (TSE:RY) has released an update.
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Royal Bank of Canada reported a robust first quarter in 2024, with net income rising 14% to $3.6 billion, attributed to strategic growth and prudent risk management. Despite a challenging environment with higher interest rates and rising unemployment, they achieved a 12% increase in diluted earnings per share to $2.50. The bank is also progressing with its planned acquisition of HSBC Canada, underscoring its commitment to offering differentiated banking experiences and long-term shareholder value.
For further insights into TSE:RY stock, check out TipRanks’ Stock Analysis page.
