February 24, 2017 / 11:21 AM / 5 months ago

Canada's RBC reports better-than-expected first quarter earnings

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TORONTO, Feb 24 (Reuters) - Royal Bank of Canada, the country's biggest lender, reported a better-than-expected increase in first-quarter profit benefiting from a strong performance across all of its business divisions.

Earnings per share rose to C$1.97 per share, compared with C$1.58 a year earlier. Analysts on average had forecast earnings of C$1.77, according to Thomson Reuters I/B/E/S data. (Reporting by Matt Scuffham; editing by Jason Neely)

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