Home>Royal Bank Profit Rises on Trading, Investment Banking
Royal Bank Profit Rises on Trading, Investment Banking
Financial Planning News
Fri, 30 Nov 2012
Royal Bank of Canada, the first Canadian lender to report fourth-quarter results, said profit rose 22 percent on higher trading and investment-banking fees, beating analysts' estimates.
The EuropeanCentralBank has helped soothe short-term sovereign debt worries in Europe, but long-term competiveness must be improved for the crisis to fully fade away, says Morningstar's Dave Sekera.