RBC has announced its 2014 Q2 earnings at $2.2 billion, an increase of $292 million — or 15% — from last year.
Company CEO Gordon Nixon says the return on equity is placed at 19%. The bank’s Q2 earnings increased from Q1 by $109 million.
RBC’s personal and commercial banking increased 7%, compared to this time last year, to $1.1 billion. The wealth management division increased earnings by 25% to $278 million.
RBC capital markets earned $507 million this quarter, up by 32% from last year.