The company has registered diluted earnings per share (EPS) of $1.01 for the quarter, down $.09 from $1.10 in the same quarter in 2011.
Excluding the previously announced loss of $202m after-tax related to the bank’s agreement to acquire the other 50% in its joint venture, RBC Dexia Investor Services, net income from continuing operations was $1.76bn, up $83m or 5% from last year.
Strong growth in Canadian Banking, improved results in Capital Markets and solid growth in Insurance and Wealth Management have contributed to improved performance of the company.
The bank registered $937m net income in Canadian Banking operations, up $42m when compared to last year.
RBC president and CEO Gordon Nixon said Canadian Banking delivered another quarter of consistently solid results with strong organic volume growth driven by our ability to offer our customers unmatched advice, value, service and convenience.
"Our recent recognition as Best Retail Bank in North America by Retail Banker International is yet another testament to the success of our strategy," Nixon said.
Wealth Management net income was $212m for the second quarter, down $15m compared to same quarter last year, the company said.
