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About RBC > Media Newsroom > News Releases > Royal Bank of Canada reports fourth quarter and record 2014 results

Royal Bank of Canada reports fourth quarter and record 2014 results

TORONTO, December 3, 2014 -  Royal Bank of Canada (RY on TSX and NYSE) today reported record net income of $9.0 billion for the year ended October 31, 2014, up $662 million or 8% from last year, driven by record earnings across all of our business segments. Our performance also reflects positive operating leverage across most businesses, and solid credit quality with a provision for credit loss (PCL) ratio of 0.27%. Our capital position remains strong with a Basel III Common Equity Tier 1 ratio of 9.9% at the end of fiscal 2014.

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