Earnings Flash (CEI.V) Coelacanth Energy Reports Q1 Oil and Nat Gas Sales C$22.2M, Up 731% YoY

RBC Lodges Q2 Earnings Beat, Lifts Dividend Increase and Announces Buyback Plans

Royal Bank of Canada (RY.TO, RY) reported Thursday second-quarter earnings that exceeded expectations, reflecting higher results in Wealth Management, Personal Banking, Commercial Banking, Capital Markets and Insurance, partially offset by lower results in Corporate Support, while it lifted its dividend and announced plays to repurchase common shares.For Q2, RBC reported adjusted net income $5.6 billion, up 23% year-on-year. Its adjusted diluted earnings per share surged 25% to $3.90. The consensus FactSet forecast was for $3.80.The bank posted reported net income of $5.5 billion, up 25% on an annual basis, for the quarter ended April 30. Diluted EPS was $3.85, up 27% over the same period.Revenue rose to $17,453 million from $15,672 million a year earlier, beating FactSet analysts' estimate of $17,315.5 million.The bank said its capital position remains "robust", with a CET1 ratio of 13.5%, supporting solid volume growth and $4.0 billion of capital returned to our shareholders, including $1.7 billion of share buybacks and $2.3 billion of common share dividends.It reported total PCL of $912 million decreased $512 million or 36% from a year ago, primarily due to lower provisions in Commercial Banking and Personal Banking. The PCL on loans ratio of 35 bps decreased 23 bps. The PCL on impaired loans ratio of 34 bps decreased 1 bp.Return on equity, a measure of profitability and efficiency, widened to 17.2% from 14.2% in the same period last year.Its board of directors also declared a quarterly common share dividend of $1.76 per share reflecting an increase of $0.12 or 7%. The bank also announced its intention, subject to the approval of the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions, to commence anormal course issuer bid and to repurchase for cancellation up to 45 million of our common shares, representing approximately 3% of the bank's outstanding common shares as at May 15, 2026."In a world that's constantly changing and becoming more complex, our commitment to delivering trusted advice and helping clients navigate risk continues to produce exceptional outcomes. Our second quarter earnings showcase our consistency in delivering premium profitability and long-term shareholder value, underpinned by solid growth across our diversified businesses and balance sheet strength. Looking ahead, we remain focused on building the bank of the future and evolving with the needs of those we serve," said Dave McKay, CEO of the bank.Shares closed down $0.69 at $261.64 in Toronto on Wednesday.

Earnings Flash (TD.TO) TD Bank Group Posts Q2 Adjusted net income was $4,168M, Compared with $3,626M

Earnings Flash (TD.TO) TD Bank Group) Reports Q2 Diluted EPS $2.43, Compared with $6.27