11:00 AM EST - Royal Bank of Canada : has reported second-quarter net income of $928 million, down by 27 percent from a year ago, as writedowns caused by credit-market turmoil continued to hamper earnings. Canada's largest bank said Thursday its revenue declined 13 percent from a year earlier to $4.95 billion. Royal Bank of Canada
shares T.RY are trading up 89 cents at $50.35.
