Tag: quarterly earnings

Royal Bank of Canada RBC
February 28, 2024 BY Simon Mugo

Royal Bank of Canada Beats Analysts’ Estimates on Interest Income

The financial strain on Canadian families has intensified with rising interest rates and living costs following the Bank of Canada's inflation-targeting rate hikes. This situation has raised concerns about significant credit losses and stunted loan expansion, prompting banks to allocate C$3.54 billion in reserves last year. Nonetheless, these higher interest rates have also increased banks'…

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November 13, 2013 BY Gerald Segal

ICAP revenues to September 30 down 1%, EBS down 9%

ICAP is counting on new initiatives such as EBS Direct and its new SEF to revive forex revenues ICAP (LON:IAP) has reported today in its half-year statement that its revenue declined to 736 mln pounds, dropping marginally by 1% year on year. Despite this, operating profits were reported at 153 mln pounds, which is higher by…

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