- Royal Bank of Canada (NYSE:RY): FQ3 GAAP EPS of C$2.97 beats by C$0.34.
- Revenue of C$12.76B (-1.2% Y/Y) beats by C$900M.
- The results this quarter included releases of provisions on performing loans of $638 million mainly driven by improvements in our credit quality and macroeconomic outlook as compared to provisions of $280 million taken in the prior year due to the evolving impact of the COVID-19 pandemic.
- Shares +0.9%.
- Press Release