Excluding a US$60m loss on the sale of RBC Jamaica, and $32m of other charges in the Caribbean last year Royal Bank's profit in the first quarter of its 2015 fiscal year was up 12% from a year earlier.
The profit for the three months ended January 31 included $1.25b from its personal and commercial banking segment.
Royal Bank had US$2.45b of net income in the first quarter, up 17% from a year earlier and better than analyst estimates as its Canadian banking segment had a record profit on strong growth in fee-based revenue and increased volume.
Most of the bank's major operating segments showed growth.
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RBC profits up
12:00 pm, Fri February 27, 2015
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