The Banks - Royal Bank Canada RBC reports $979 million quarterly profit - Canada

montyloree · by **montyloree** » Sat Aug 27, 2005 12:00:00 AM

Globe & Mail - RBC profits

It's nice to know that the banks are healthy this year. $979 million in profits. That's almost $1 billion. $333 million per month.

At the beginning of this year, with problems in its U.S. banking operation largely under control, Royal Bank of Canada executives began pushing employees to sell more products, while holding the line on expenses.

Yesterday, Canada's largest bank showed the benefits of this consumer-focused, cost-conscious strategy, as profit jumped 32 per cent in the third quarter compared with the previous year, allowing the bank to boost its dividend for the fifth time in the past two years.

	• Need a secured credit card?	• Take control NOW with Collection Agency Kung Fu
	• DIY Credit Repair Ebook for Canadians

The Banks - Royal Bank Canada RBC reports $979 million quarterly profit - Canada

Royal Bank Canada RBC reports $979 million quarterly profit

Tweet !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src="//platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");

Tweet