Wealth management remained a significant contributor, benefiting from stronger markets, higher fee-based revenue and continued client engagement across advisory and asset management businesses. Growth across personal and commercial banking and capital markets further supported results.
“RBC entered the 2026 fiscal year in a position of strength across our diversified business model and the core global markets where we operate,” said president and CEO Dave McKay. “We carried this momentum into our first quarter, reporting record results underpinned by strong earnings growth, our robust balance sheet and capital position, and a premium ROE that continues to deliver value for our shareholders.”
Return on equity reached 17.6%, supported by sustained earnings growth and a strong capital position, with the bank reporting a Common Equity Tier 1 ratio of 13.7%.
TD benefits from diversified earnings mix
TD Bank Group reported net income of $4.0 billion, a 45% increase year over year, while adjusted earnings rose to $4.2 billion.
The bank’s diversified model continued to support performance, with wealth management and insurance contributing to overall earnings alongside improving margins in its core banking operations. Wealth revenues reflected client engagement and market-related growth, complementing gains in net interest income.
