(Bloomberg) — Royal Bank of Canada’s dealmaking division is proving its worth again.A jump in investment-banking fees, higher fixed-income trading revenue and lower provisions helped the bank’s RBC Capital Markets division rebound from back-to-back quarterly profit declines last year, with earnings jumping 35% to C$882 million ($665 million) in the first fiscal quarter.Key InsightsThe improvement helped Royal Bank post earnings that topped estimates, setting a benchmark for the other large Canadian lenders when they begin reporting quarterly results next week. Adjusted per-share earnings totaled C$2.44, beating the C$2.30 average estimate of 14 analysts in a Bloomberg survey.Royal Bank has the …read more
Source:: Yahoo Finance
