Quarterly ResultMay 28, 2026, 06:27 AM
Royal Bank of Canada Q2 Net Income $5.5B, Up 25%; Dividend Up 7%
AI Summary
Royal Bank of Canada reported strong second quarter 2026 results with net income of $5.5 billion, a 25% increase year-over-year, and diluted EPS of $3.85, up 27%. The bank also announced a 7% increase in its quarterly dividend to $1.76 per share and an intention to repurchase up to 45 million common shares. While net income saw a 5% decrease quarter-over-quarter, the company highlighted solid growth across diversified businesses and balance sheet strength, with significant contributions from Capital Markets, Personal Banking, and Commercial Banking.
Key Highlights
- Royal Bank of Canada reported Q2 net income of $5.5 billion, up 25% year-over-year.
- Diluted EPS was $3.85, an increase of 27% from the prior year.
- The company declared a quarterly dividend of $1.76 per share, reflecting a 7% increase.
- RBC announced plans to repurchase up to 45 million common shares, approximately 3% of outstanding shares.
- ROE was 17.2%, up 300 bps year-over-year, with a CET1 ratio of 13.5%.
- Personal Banking net income rose 17% to $1,870 million.
- Commercial Banking net income surged 43% to $854 million.
- Capital Markets net income increased 23% to $1,484 million.
Price Impact
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