Royal Bank Of Canada shares surge 5.56% intraday after reporting strong Q3 earnings and record revenue in capital markets.

Royal Bank Of Canada surged 5.56% intraday, driven by a 21% year-over-year increase in net income to 54 billion Canadian dollars and adjusted earnings per share of 3.84 Canadian dollars, exceeding analyst expectations of 3.32 Canadian dollars. The bank's CEO confirmed that the capital markets division set a revenue record for the quarter, with strong contributions from corporate banking and global markets. Additionally, the bank reported that Canada's economic resilience has boosted business confidence and supported shareholder return strategies.