Royal Bank of Canada (
TSX: T.RY,
Stock Forum) says its first-quarter net income was up two per cent from a year ago to $2.09 billion or $1.38 a share.
Ex-items, RBC earned $1.47 a share, which was above estimates,
the company said in a press release.
The bank also announced its quarterly dividend will increase by six per cent to 71 cents per common share and its shares rose 16 cents to $72.86.
Toronto-Dominion Bank (
TSX: T.TD,
Stock Forum) and
CIBC (
TSX: T.CM,
Stock Forum) issue earnings results Thursday while Scotiabank (TSX:BNS) posts earnings next Tuesday.