12/4, 12:20 PM (Source: TeleTrader)
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RBC reports diluted EPS at $2.18 in Q4

Royal bank of Canada announced on Wednesday that its revenue stood at $11.3 billion in the fourth quarter of fiscal 2019, increasing by 6.5% compared to the same period last year. Net income decreased by 1.4% to $3.2 billion, while diluted earnings per share (EPS) stood at $2.18, falling by 1%.

RBC booked revenues of $46 billion in the fiscal 2019, ending Octobar 31, which is 8% higher than the previous year. Gross profit increased by 3% from last year's $12.4 and basic EPS stood at $8.75, ensuring an increase by 4.6%.

RBC President and Chief Executive Officer, Dave McKay said: "Against a challenging macroeconomic environment, we delivered solid results in 2019 and maintained a leading return on equity, a testament to the strength of our diversified business model, and the power of our Purpose to engage employees on our journey to transform the bank for the future. We have been investing significantly in talent, technology and our trusted global brand to offer differentiated advice and experiences across our businesses, and believe this positions us well to continue delivering longterm sustainable value for our clients, communities and shareholders."

Breaking the News / NL