TORONTO (AP) _ Royal Bank Of Canada (RY) on Wednesday reported fiscal first-quarter net income of $2.99 billion.

The bank, based in Toronto, said it had earnings of $2.07 per share. Earnings, adjusted for amortization costs, were $2.09 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.

The bank posted revenue of $11.77 billion in the period. Its revenue net of interest expense was $10.06 billion, also exceeding Street forecasts.

Royal Bank shares have climbed slightly more than 8% since the beginning of the year. The stock has climbed 9% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RY at https://www.zacks.com/ap/RY

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