Investing.com - Royal Bank of Canada reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of C$2.23 on revenue of C$11.09B. Analysts polled by Investing.com expected EPS of C$2.03 on revenue of C$11.45B. .
Royal Bank of Canada shares lost 0.15% to trade at C$106.81 in intra-day trade following the report.
For the year, Royal Bank of Canada shares are up 51%, outperforming the Nasdaq which is up 37.08% year to date.
Royal Bank of Canada follows other major Financial sector earnings this month
On Tuesday, Bank of Nova Scotia reported fourth quarter EPS of C$1.45 on revenue of C$7.51B, compared to forecasts of EPS of C$1.22 on revenue of C$7.7B.
Bank of Montreal earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of C$2.41 on revenue of C$5.99B. Investing.com analysts expected EPS of C$1.91 on revenue of C$5.89B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar