Royal Bank Of Canada (TSE:RY) has released an update.
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The Royal Bank of Canada reported a strong second quarter in 2024, with a net income increase of 7% year-over-year to $4.0 billion and a 5% rise in diluted earnings per share (EPS) to $2.74. Adjusted net income saw an even higher jump, rising 11% to $4.2 billion, with adjusted diluted EPS up 9% to $2.92. These results were driven by record earnings in several sectors, though partially offset by costs associated with the acquisition of HSBC Bank Canada.
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