The wealth management division saw a 15% income dip
RBC was one of 19 financial institutions that Texas flagged for further investigation
The bank set aside $351 million in the quarter for potential loan losses
In wealth management, volatility weighs on near-term growth, report to shareholders says
Wealth management operations earned $777 million in Q3, up year-over-year from $744 million
Weak financial markets pushed down wealth management revenue
This week's results come with bank stocks under some pressure as part of the wider economic uncertainty
At issue is the bank's poor track record of serving Black, Latino clients
The combined business will operate as TD Cowen, a division of TD Securities
The Canadian banking industry's push south comes after U.S. President Joe Biden issued a broad executive order calling for increased competition