TORONTO — Royal Bank of Canada reported a jump in earnings in the third quarter that handily beat analyst expectations as it had only a modest increase in money set aside for potentially bad loans while revenue rose.
The bank reported a third-quarter profit of $4.49 billion, up from $3.86 billion a year earlier. RBC says the addition of HSBC Bank Canada, which it completed at the end of March, increased its net income by $239 million for the quarter.
“While there’s a higher degree of geopolitical uncertainty and volatility, our diversified businesses are well positioned for the macro driven shifts in the operating environment,” said chief executive Dave
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