=Royal Bank of Canada (RY) reported earnings on Wed 8/24/16 (b/o)

Royal Bank of Canada beats by $0.02; increases quarterly dividend 2% :

• Reports Q3 (Jul) adj earnings of CAD $1.72 per share, CAD $0.02 better than the Capital IQ Consensus of CAD $1.70.
• Basel III CET1 ratio of 10.5% (up 40 bps from 10.1%).
• ROE of 16.5% (down 160 bps from 18.1%)
• Co announces that its board of directors declared an 2% increase to its quarterly common share dividend to CAD 0.83, payable on and after November 24, 2016, to common shareholders of record at the close of business on October 26, 2016.