Earnings drop in personal, commercial banking and insurance, rising salaries, technology investments all weighed on results
Article content
The Royal Bank of Canada’s net income fell to $3.58 billion in the third quarter amid lower earnings in its capital markets and banking segments, and the bank also set more money aside for bad loans as the economic outlook begins to darken.
Advertisement 2
Article content
Adjusted earnings slipped to $2.55 per share in the three months ending July 31 compared to average analyst expectations of $2.67 per share.
