RBC Tops Banks Defying Slowdown With Deal Fees

Royal Bank of Canada, Toronto- Dominion Bank (TD) and other Canadian lenders will report quarterly profit growth of as much as 17 percent, demonstrating the banks’ resilience even as the world’s 11th-largest economy slows.

Market-related revenue such as trading and advisory fees will be the highest in at least five quarters, said Sumit Malhotra, an analyst at Macquarie Capital Markets in Toronto. The banks begin reporting results for the fiscal fourth quarter on Nov. 29, starting with Royal Bank.

 

Read more HERE.

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