Royal Bank of Canada Posts Record Earnings in Q3

Strong performance driven by personal banking, wealth management, and HSBC acquisition

RBC's net income rose to C$4.49 billion, surpassing analyst expectations.
Revenue increased to C$14.63 billion, aided by higher fees and municipal banking activity.
The acquisition of HSBC Canada contributed C$239 million to RBC's profits.
Provisions for credit losses were lower than expected, boosting overall performance.
RBC's stock reached a record high, reflecting investor confidence.