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Fri May 31, 2013, 08:15 AM


RBC profit jumps 26 per cent


Royal Bank of Canada proved that it still has earnings power, posting a second-quarter profit of $1.94-billion.

Though the country’s biggest bank couldn’t match its blockbuster first-quarter profit of $2.1-billion, its bottom line jumped 26 per cent relative to the same period in 2012.

The earnings amounted to $1.27 per share, just shy of analysts’ expectations of $1.29 per share. After stripping out one-time items, RBC made $1.97-billion, or $1.29 per share.

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