Royal Bank of Canada Announces 2nd Quarter Results

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| Source: Royal Bank of Canada
To view the Q2 2014 Management's Discussion and Analysis in PDF, please click on
the following link:

http://www.rns-pdf.londonstockexchange.com/rns/9928H_-2014-5-23.pdf

All amounts are in Canadian dollars and are based on financial statements
prepared in compliance with International Accounting Standard 34 Interim
Financial Reporting, unless otherwise noted.

TORONTO, May 22, 2014 - Royal Bank of Canada (RY on TSX and NYSE) today reported
net income of $2,201 million for the second quarter ended April 30, 2014, up
$292 million or 15% from the prior year. Our results reflect solid performance
across all of our businesses, including record earnings in Wealth Management and
higher earnings in Capital Markets, Personal & Commercial Banking and Investor &
Treasury Services, and positive operating leverage.

"We delivered earnings of $2.2 billion and a return on equity of 19% while
maintaining a strong capital position. These results demonstrate the earnings
power of RBC, our prudent approach to risk management and our ability to manage
costs effectively," said Gordon M. Nixon, RBC CEO. "We continue to extend our
leadership positions in Canada and select global markets through our ongoing
focus on our clients."



Q2 2014 compared to Q2 2013

•  Net income of $2,201 million (up 15% from $1,909 million)

•  Diluted earnings per share (EPS) of $1.47 (up $0.22 from $1.25)

•  Return on common equity (ROE) of 19.1% (up from 18.7%)

•  Basel III Common Equity Tier 1 (CET1) ratio of 9.7%



YTD 2014 compared to YTD 2013

•  Net income of $4,293 million (up 9% from $3,956 million)

•  Diluted EPS of $2.85 (up $0.26 from $2.59)

•  ROE of 18.6% (down from 19.4%)