Investing.com - Royal Bank of Canada reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of C$2.2 on revenue of C$11.47B. Analysts polled by Investing.com forecast EPS of C$1.77 on revenue of C$11.3B. .
Royal Bank of Canada shares gained 1.58% to trade at C$101.72 in intra-day trade following the report.
For the year, Royal Bank of Canada shares are down 1%, outperforming the S&P/TSX which is down 1.76% year to date.
Royal Bank of Canada follows other major Financial sector earnings this month
On Tuesday, Bank of Nova Scotia reported third quarter EPS of C$1.04 on revenue of C$7.69B, compared to forecasts of EPS of C$1.11 on revenue of C$7.85B.
Bank of Montreal earnings beat analyst's expectations on Tuesday, with third quarter EPS of C$1.85 on revenue of C$6B. Investing.com analysts expected EPS of C$1.62 on revenue of C$6.09B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar