SRP looks at the earning results and structured products activity of three major Canadian banks for the quarter ended 31 January.

Royal Bank of Canada (RBC) RBC reported net income of CA$3.6 billion (US$2.65bn) for the quarter ended 31 January 2024, up CA$449 million or 14% from the prior year, which included CA$1.05 billion impact of the Canada recovery dividend (CRD) and other tax-related adjustments, according to its Q1 2024 earnings report. Within global markets, equities took the hardest hit delivering CA$312m revenues, 24% lower than the prior-year period Diluted earnings per share (EPS) was CA$CA$2.50, up 12% o