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Surging activity after U.S. election a boon for RBC capital markets arm Add to ...

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A surge in client activity after the U.S. election helped bolster the capital markets arm of Royal Bank of Canada in its fiscal first quarter, setting the stage for more growth over the coming months.

Capital-markets earnings accounted for almost 22 per cent of RBC’s total quarterly profit of $3-billion. Net income for the division climbed to $662-million in the period, rising 16 per cent from the same period last year.

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