Royal Bank of Canada raised its dividend as it reported a record $3.1 billion in net income for its third quarter, up 11 per cent from a year ago. The bank’s results, which beat analyst expectations, were driven by earnings growth in its wealth management, capital markets and personal and commercial banking divisions. Royal Bank chief executive Dave McKay said the bank delivered record earnings with “strong results in our largest businesses.” “We maintained our focus on risk management and expense control; at the same time, we continue to invest in long-term sustainable growth, including in the United States,” McKay said in a statement Wednesday — Canadian Press
