Investing.com - Royal Bank of Canada reported fourth quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of C$2.18 on revenue of C$11.37B. Analysts polled by Investing.com anticipated EPS of C$2.28 on revenue of C$11.66B. That compared to EPS of C$2.2 on revenue of C$10.67B in the same period a year earlier. The company had reported EPS of C$2.25 on revenue of C$11.16B in the previous quarter.
Royal Bank of Canada shares lost 2.03% to trade at C$105.00 in intra-day trade following the report.
For the year, Royal Bank of Canada shares are up 12.37%, under-performing the S&P/TSX which is up 19.36% year to date.
Royal Bank of Canada follows other major Financial sector earnings this month
On Tuesday, November 26, 2019, Bank of Nova Scotia reported fourth quarter EPS of C$1.82 on revenue of C$7.96B, compared to forecasts of EPS of C$1.82 on revenue of C$7.99B.
Bank of Montreal earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of C$2.43 on revenue of C$5.75B. Investing.com analysts expected EPS of C$2.42 on revenue of C$5.97B
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