Record Earnings of $20.4 Billion
Royal Bank of Canada beat estimates
Strong results in its capital-markets and wealth-management divisions, capping off a year of brisk trading activity, and set higher targets for returns on shareholders’ capital.
Canada’s biggest lender earned $3.85 a share on an adjusted basis in its fiscal fourth quarter, according to a statement Wednesday, beating analysts’ average estimate of $3.54.
RBC became the first Canadian bank to earn more than $20 billion in a single fiscal year.
Royal Bank reported record earnings of $20.4 billion in fiscal 2025, with return on equity hitting 16.3%. In a strategic update, RBC changed its medium-term ROE target, setting it at 17% or better, which comes after several quarters of the bank outstripping the 16%-or-better goal it set at an investor day in March.
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