RBC Tops Canadian Counterparts As Fiscal Year Ends With A Bang
BANKS
Royal Bank of Canada (RBC) remains firmly ahead of its Canadian counterparts, with C$343 million reported in FX trading revenues in the latest fiscal year, which ended on October 31. Results of the final three Canadian banks are in line with the stronger quarterly earnings posted by the three other major Canadian banks reported earlier this month (FXW, December 4).
RBC posted C$97 million in FX revenues during the fourth quarter, a nearly 30 per cent increase over the comparable period a year ago
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