4th Quarter Results

ROYAL BANK OF CANADA REPORTS FOURTH QUARTER AND RECORD 2015 RESULTS

All amounts are in Canadian dollars and are based on our audited Annual and
unaudited Interim Consolidated Financial Statements for the year and quarter
ended October 31, 2015 and related notes prepared in accordance with
International Financial Reporting Standards (IFRS). Our 2015 Annual Report
(which includes our audited annual Consolidated Financial Statements and
accompanying Management's Discussion & Analysis), our 2015 Annual Information
Form and our Supplementary Financial Information are available on our website
at: http://www.rbc.com/investorrelations.

TORONTO, December 2, 2015 - Royal Bank of Canada (RY on TSX and NYSE) today
reported record net income of $10,026 million for the year ended October 31,
2015, up $1,022 million or 11% from the prior year. Excluding specified items(1)
noted below and discussed on page 11 of this Earnings Release, net income was up
$782 million or 9%. Results were driven by record earnings in Personal &
Commercial Banking, Capital Markets, and Investor & Treasury Services, partially
offset by lower earnings in Insurance and Wealth Management. Results also
reflect strong credit quality, with a provision for credit loss (PCL) ratio of
0.24%, and the positive impact of foreign exchange translation.

As of October 31, 2015, our Basel III Common Equity Tier 1 (CET1) ratio was
10.6%, up 70 bps from the prior year, as we continued to strengthen our capital
position for the acquisition of City National Corporation (City National), which
we completed on November 2, 2015. In addition, we increased our quarterly
dividend twice during 2015, for an annual dividend increase of 8%.

"We had record earnings of $10 billion in 2015, reflecting the strength of our
diversified business model and our ability to execute our growth strategy in a
changing environment," said Dave McKay, RBC President and CEO. "Looking ahead to
2016, while we face industry headwinds, we remain focused on delivering an
exceptional client experience and driving long-term shareholder value, while
contributing meaningfully to the success of our employees and communities."

To view the full announcement please click on the attached PDF.