Skip Header Navigation

About RBC > Media Newsroom > News Releases > Royal Bank of Canada reports second quarter 2015 results

Royal Bank of Canada reports second quarter 2015 results

TORONTO, May 28, 2015 -  Royal Bank of Canada (RY on TSX and NYSE) today reported record net income of $2,502 million for the second quarter ended April 30, 2015, up $301 million or 14% from the prior year. Excluding a specified item noted below and discussed on page 3 of this Earnings Release, net income was up $193 million or 9% from the prior year. Our results reflect solid earnings growth in Canadian Banking and strong growth in Capital Markets, record earnings in Investor & Treasury Services and underlying business strength in Wealth Management, partly offset by lower results in Insurance due to a change in Canadian tax legislation. Credit quality remains strong with a provision for credit loss (“PCL”) ratio of 0.25%, and our capital position is strong with a Basel III Common Equity Tier 1 ratio of 10.0%.

Read the news release (opens PDF in new window)