2023-05-25 06:01:38 ET
- Royal Bank of Canada press release ( NYSE: RY ): Q2 Non-GAAP EPS of C$2.65 misses by C$0.17 .
- Revenue of C$13.52B (+20.5% Y/Y) beats by C$340M .
- Results this quarter reflected higher provisions for credit losses, with a PCL on loans ratio of 30 bps, mainly attributable to provisions taken on performing loans in the current quarter, largely driven by unfavourable changes in our credit quality and macroeconomic outlook
- Total PCL was C$600 million, compared to C$(342) million a year ago, primarily reflecting provisions taken in the current quarter as compared to releases in the prior year in Personal & Commercial Banking and Capital Markets. The PCL on loans ratio of 30 bps increased 48 bps. The PCL on impaired loans ratio of 21 bps increased 12 bps.
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Royal Bank of Canada Non-GAAP EPS of C$2.65 misses by C$0.17, revenue of C$13.52B beats by C$340M