Royal Bank of Canada (RY) shares rose to a reco🐠rd high Wednesday after the bank reported earnings above analysts' estimates, thanks to growing profits in its personal ba🌟nking and wealth management divisions.

RBC posted 14.63 billion Canadian dollars ($10.87 billion) in total revenue and C$7.33 billion in 澳洲幸运5官方开奖结果体彩网:net interest income (NII), both above analyst estimates compiled by Visible Alpha. The bank reported C$4.49 billion in 澳洲幸运5官方开奖结果体彩网:net income, beating analyst projections as it started to see a boost from its acquisition of HSBC Bank, which closed in March.

Profits Rise Across Multiple Segments

RBC's profits were up close to 17% from a year ago in personal and commercial banking, as higher deposit volume and NII helped fuel the division's growth. Profits also rose 30% and 23% in wealth management and capital markets, respectively, thanks to higher fees and municipal banking activity.

The company's 澳洲幸运5官方开奖结果体彩网:acquisition of HSBC Canada contributed C$239 million to RBC's overall profits, as the deal closed in March. RBC has said the deal "better positions us to be the bank of choice for commercial clients with international needs, newcomers to Canada and globally connected c𒐪lients."

The strong results came in contrast with 澳洲幸运5官方开奖结果体彩网:recent reports from many of RBC's 澳洲幸运5官方开奖结果体彩网:Canadian peers that 澳洲幸运5官方开奖结果体彩网:missed estimates or 澳洲幸运5官方开奖结果体彩网:reported lower profits or revenue from the same time last year.

RBC shares☂ were up 2.4% to $119.15 Wednesday afternoon, and have gained near𓆉ly 18% since the start of the year.