[LINK] "Royal Bank has record annual profit of $10B"

[rfmcdonald]

In this time of uncertainty, it's nice that the CBC has let us know that the Royal Bank of Canada is doing well.

Royal Bank of Canada reports that its 2015 profit was $10.03 billion, an 11 per cent increase from last year.

That included $2.59 billion in the fourth quarter ended Oct. 31, which was also up 11 per cent.

RBC's profit amounted to $1.74 per common share for the quarter — above analyst estimates — and $6.73 for the full year. Its dividend remains at 79 cents per share, payable Feb. 24.

"We had record earnings of $10 billion in 2015, reflecting the strength of our diversified business model and our ability to execute our growth strategy in a changing environment," Dave McKay, RBC president and CEO, said in a statement.