Royal Bank of Canada posted its highest domestic net interest margin in five years, pushing quarterly earnings past analysts’ estimates and boosting annual profit from its Canadian banking division to a record. In Royal Bank’s case, margins in Canadian banking jumped to 2.77 percent, the Toronto-based lender said Wednesday in a statement. Royal Bank of Canada has posted its highest domestic net interest margin in five years. Royal Bank has among the best margins of its Canadian peers, topped only by Toronto-Dominion Bank. Royal Bank saw improvements in four of its five main business divisions, led by a 20 percent profit jump from insurance to $318 million.

Source: thestar November 28, 2018 14:40 UTC