Investing.com - Royal Bank of Canada reported third quarter earnings that missed analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of C$2.22 on revenue of C$11.44B. Analysts polled by Investing.com anticipated EPS of C$2.29 on revenue of C$11.26B. That compared to EPS of C$2.1 on revenue of C$11.03B in the same period a year earlier. The company had reported EPS of C$2.24 on revenue of C$11.12B in the previous quarter.
Royal Bank of Canada shares gained 0.68% to trade at C$100.02 in intra-day trade following the report.
For the year, Royal Bank of Canada shares are up 7.04%, under-performing the S&P/TSX which is up 14.87% year to date.
Royal Bank of Canada follows other major Financial sector earnings this month
On Wednesday, July 31, 2019, Great-West Lifeco reported second quarter EPS of C$0.7 on revenue of C$2.75B, compared to forecasts of EPS of C$0.78 on revenue of C$13.88B.
Intact Financial earnings missed analyst's expectations on Tuesday, July 30, 2019, with second quarter EPS of C$1.44 on revenue of C$3.15B. Investing.com analysts expected EPS of C$1.78 on revenue of C$3.01B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar