Royal Bank of Canada T.RY

New Press Release - ROYAL BANK OF CANADA REPORTS FIRST QUARTER 2023 RESULTS

All amounts are in Canadian dollars and are based on financial statements presented in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our Q1 2023 Report to Shareholders and Supplementary Financial Information are available at: https://www...read article.

[MrDales62]

Yeah, there's nothing wrong with the economy, but.... Total PCL of $532 million increased $427 million from a year ago, mainly reflecting higher provisions in Personal & Commercial Banking.  GLTA

[Dibah420]

That's standard M/O for RY.  Go high at the beginning of the cycle, look great in later Qs when PCL is reduced.  We saw it most recently in the Covid period.