UPDATE 1-Royal Bank of Canada's quarterly profit rises on capital markets boost

Royal Bank of Canada

Royal Bank of Canada

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May 28 (Reuters) - Royal Bank of Canada RY.TO reported a rise in second-quarter profit on Thursday, helped by an increase in trading income during a volatile period.

Rising geopolitical tensions during the quarter roiled global prices and markets, prompting investors to rebalance portfolios to hedge risks. Volatility in the markets fuels trading activity and helps capital market segments at banks.

Quarterly net income at Royal Bank's capital markets unit rose 23% from a year earlier to C$1.48 billion.

Shares of the lender have gained about 12% so far in 2026.

Royal Bank's net income came in at C$5.51 billion ($3.98 billion), or C$3.85 per share, in the three months ended April 30, compared with C$4.39 billion, or C$3.02 per share, a year earlier.

($1 = 1.3861 Canadian dollars)


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