RBC reports record Wealth Management net income

Wealth Management net income was a record $285 million, up $52 million or 22% compared to last year, mainly due to higher average fee-based client assets across all businesses resulting from capital appreciation and net sales


NAB lifts earnings to $1.6 billion

The update, released on the Australian Securities Exchange (ASX) today also pointed to a stronger performance by the bank’s wealth management division.