Posted AT 4:46 PM EDT on 26/08/05
Royal Bank's profit jumps
The Royal Bank of Canada, the country's largest company, said Friday third-quarter earnings rose 32 per cent, bolstered by higher earnings at its personal banking and global capital markets divisions.
Profit for the quarter rose to $979-million or $1.48 a diluted share from $743-million or $1.12 a share a year earlier.
The shares rose as much as 2.1 per cent as the results topped expectations and after the bank boosted its quarterly dividend to 64 cents from 61 cents.
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