Royal Bank of Canada (RY) shares rose to a record high Wednesday after the ban🔜k reported earnings above analyღsts' estimates, thanks to growing profits in its personal banking and wealth management divisions.

RBC posted 14.63 billion Canadian dollars ($10.87 billion) in total revenue and C$7.33 billion in 澳洲幸运5开奖号码历史查询:net interest income (NII), both above analyst estimates compiled by Visible Alpha. The bank reported C$4.49 billion in 澳洲幸运5开奖号码历史查询:net income, beating analyst projections as it started to see a boost from its acquisition of HSBC Bank, which closed in March.

Profits Rise Across Multiple Segments

RBC's profits were up close to 17% from a year ago in personal and commercial banking, as higher deposit volume and NII helped fuel the division's growth. Profits also rose 30% and 23% in wealth management and capital markets, respectively, thanks to higher fees and municipal banking activity.

The company's 澳洲幸运5开奖号码历史查询:acquisition of HSBC Canada contributed C$239 mil🌄lion to RBC's overall profits, as the deal closed in March. RBC has said the deal "better🦋 positions us to be the bank of choice for commercial clients with international needs, newcomers to Canada and globally connected clients."

The strong results came in contrast with 澳洲幸运5开奖号码历史查询:recent reports from many of RBC's 澳洲幸运5开奖号码历史查询:Canadian peers that 澳洲幸运5开奖号码历史查询:missed estimates or 澳洲幸运5开奖号码历史查询:reported lower profits or revenue from the same time last year.

RBC shar꧃es were up 2.4% to $119.15 Wednesday afternoon, and have gained nearly 18% since the start of the year.