TORONTO – Royal Bank of Canada reported a second-quarter profit of $4.4 billion, up from $3.95 billion in the same quarter last year.
The bank says the profit amounted to $3.02 per diluted share for the quarter ended April 30, up from a profit of $2.74 per diluted share a year earlier.
Revenue totalled $15.67 billion, up from $14.15 billion.
RBC’s provision for credit losses reached $1.42 billion for the quarter, up from $920 million a year earlier.
On an adjusted basis, RBC says it earned $3.12 per diluted share in its latest quarter, up from an adjusted profit of $2.92 per diluted share in the same quarter last year.
The average analyst estimate had been for an adjusted profit of $3.19 per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published May 29, 2025.
Companies in this story: (TSX:RY)
