Cap markets drives RBC to share highs

By Andrew Griffin
28 Aug 2014

Record performance in RBC’s capital markets business helped the bank to rack up better than expected profits last week, taking its shares to all time highs.

Capital markets net income was at C$641m ($590m), its best performance ever, up 66% on the same period the year before. The performance was primarily driven by stronger equity and debt markets and the results of an increasingly client focused strategy, the bank said.

The capital markets business's net income ...

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