Publicité
La bourse est fermée
  • CAC 40

    7 934,17
    +6,74 (+0,09 %)
     
  • Euro Stoxx 50

    4 894,86
    +17,09 (+0,35 %)
     
  • Dow Jones

    39 087,38
    +90,99 (+0,23 %)
     
  • EUR/USD

    1,0839
    +0,0032 (+0,29 %)
     
  • Gold future

    2 091,60
    +36,90 (+1,80 %)
     
  • Bitcoin EUR

    57 361,75
    +216,26 (+0,38 %)
     
  • CMC Crypto 200

    885,54
    0,00 (0,00 %)
     
  • Pétrole WTI

    79,81
    +1,55 (+1,98 %)
     
  • DAX

    17 735,07
    +56,88 (+0,32 %)
     
  • FTSE 100

    7 682,50
    +52,48 (+0,69 %)
     
  • Nasdaq

    16 274,94
    +183,02 (+1,14 %)
     
  • S&P 500

    5 137,08
    +40,81 (+0,80 %)
     
  • Nikkei 225

    39 910,82
    +744,63 (+1,90 %)
     
  • HANG SENG

    16 589,44
    +78,00 (+0,47 %)
     
  • GBP/USD

    1,2655
    +0,0029 (+0,23 %)
     

UPDATE 2-Royal Bank of Canada beats profit estimates on investment banking boost

(Recasts, adds detail and CIBC results in paragraphs 6-9)

Nov 30 (Reuters) - Royal Bank of Canada on Thursday reported better than expected quarterly profit after a strong performance in its corporate and investment banking arm offset a hit from bigger provisions against bad loans.

A rebound in dealmaking helped the biggest Canadian bank's capital markets unit. Net income from the business jumped 36% to C$987 million ($725.3 million), helped by strength in corporate and investment banking, the bank said.

However, it built up provisions for credit losses (PCLs) as a darkening economic outlook prompted further caution. PCLs at the bank surged to C$720 million from C$381 million a year earlier.

The Canadian economy has been teetering on the brink of a recession, underscoring the impact of the central bank's aggressive rate hikes.

RBC has also been shoring up liquidity at its U.S. unit, City National Bank. In a report filed with regulators last month, City National said RBC had injected about $2.95 billion into the bank this year.

RBC reported adjusted earnings of C$2.78 per share, comfortably beating expectations of C$2.62, according to LSEG data.

Net income rose to C$4.13 billion or C$2.90 per share for the three months ended Oct. 31, compared with C$3.88 billion, or C$2.74 per share, a year earlier.

The smaller Canadian Imperial Bank of Commerce also beat profit expectations as it set aside smaller-than-expected provisions for souring loans and slashed costs through a 5% reduction in its workforce and other expenses.

The lender, Canada's fifth biggest, reported adjusted earnings of C$1.57 per share, compared with expectations of C$1.53.

($1 = 1.3603 Canadian dollars)

(Reporting by Niket Nishant in Bengaluru and Nivedita Balu in Toronto; Editing by Shinjini Ganguli, Kirsten Donovan)