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Royal Bank of Canada Q2 Earnings Improve Y/Y on Higher Revenues

Key Takeaways RY posted C4.41billioninadjustednetincomeinQ2,up6.94.41 billion in adjusted net income in Q2, up 6.9% from the year-ago period. Total revenue rose 10.7% year over year to C15.67 billion, led by strong net interest income growth. Higher expenses and a 54.8% jump in credit loss provisions pressured profitability and shares.Royal Bank of Canada’s (RY) second-quarter fiscal 2025 (ended April 30) adjusted net income available to common shareholders was C4.41billion(4.41 billion (3.10 billion), up 6.9% from the prior-year quarter.Results reflec ...