RBC wealth management profit jumps 32% as client assets surge
Net interest margin widened to 3.40 per cent from 3.27 per cent in the same quarter of fiscal 2025, reflecting higher spreads in lending and deposit products, a dynamic that has benefited wealth divisions with integrated banking platforms.
Bank-wide records set the context
The wealth performance contributed to a record quarter for Royal Bank overall.
RBC reported consolidated net income of $6.02 billion for the quarter, up 11 per cent from a year ago and up nine per cent from last quarter. Diluted earnings per share came in at $4.23, a 13 per cent year-over-year improvement. The bank’s return on equity was 17.9 per cent, while the adjusted figure reached 18.1 per cent.
Pre-provision, pre-tax earnings hit a record $8.75 billion, up 13 per cent from a year ago, according to the bank’s Q3 2026 Report to Shareholders. Wealth Management and Capital Markets were among the primary contributors to that result.
“Across the globe, Team RBC continues to raise the bar to deliver exceptional, record results. Our third quarter earnings showcase the strength of our diversified business and our robust balance sheet. We’re delivering a premium ROE quarter after quarter, consistently returning capital to our shareholders. In a faster-moving, more complex economy, we remain focused on building the bank to meet clients wherever they need us, with the capabilities, advice and insights to help them succeed,” said Dave McKay, President and Chief Executive Officer of Royal Bank of Canada.
