Canada: RBC, BMO, NBC report sustained structured products activity

Royal Bank of Canada (RBC) RBC reported net income of CA$3.6 billion (US$2.65bn) for the quarter ended 31 January 2024, up CA$449 million or 14% from the prior year, which included CA$1.05 billion impact of the Canada recovery dividend (CRD) and other tax-related adjustments, according to its Q1 2024 earnings report. Within global markets, equities took the hardest hit delivering CA$312m revenues, 24% lower than the prior-year period Diluted earnings per share (EPS) was CA$CA$2.50, up 12% o