Stocks in Play

Royal Bank of Canada

09:57 AM EST - Royal Bank of Canada : reported earnings for the third quarter ended July 31, 2011 were impacted by a loss of $1.573 billion related to the previously announced sale of its U.S. regional retail banking operations, comprised primarily of a writeoff of $1.3 billion of goodwill and intangibles, which are now classified as discontinued operations. As a result, RBC reported a net loss of $92 million for the quarter. Net income from continuing operations was $1.566 billion for the third quarter ended July 31, 2011, up 13% from last year and was $5.049 billion for the nine months ended July 31, 2011, up 16% from the prior year. Royal Bank of Canada shares T.RY are trading down $2.37 at $4,837.00.