Royal Bank of Canada Q1 2026 Earnings Recap

RBC reported record earnings of $5.8 billion for Q1 2026, driven by strong performance across Wealth Management and Capital Markets, despite moderated loan growth in a challenging economic environment.

Key Takeaways

• Adjusted earnings reached $5.9 billion, with pre-provision pretax earnings growing 14% year-over-year to nearly $8.5 billion.
• Wealth Management generated over $6 billion in revenue, with assets under administration surpassing $1 trillion for the first time.
• Capital Markets had a record quarter with $4 billion in revenue, fueled by strong client activity in equities and solid origination in corporate and investment banking.
• Return on equity improved to 17.6%, supported by a robust 13.7% common equity Tier 1 ratio and $1 billion in share buybacks.
• Commercial Banking loans increased by 4%, although growth was tempered by tariff-related challenges in certain sectors.