Royal Bank Of Canada ( TSE:RY ) has released an update. Royal Bank of Canada reported a robust first quarter in 2024, with net income rising 14% to $3.6 billion, attributed to strategic growth and prudent risk management. Despite a challenging environment with higher interest rates and rising unemployment, they achieved a 12% increase in diluted earnings per share to $2.50. The bank is also progressing with its planned acquisition of HSBC Canada, underscoring its commitment to offering differentiated banking experiences and long-term shareholder value. For further insights into TSE:RY stock, check out TipRanks' Stock Analysis page.