Royal Bank of Canada beat estimates on higher results in its capital-markets and wealth-management divisions as both units benefited from strong markets.

Three of Canada's big five lenders - Royal Bank of Canada, TD Bank and CIBC - on Thursday beat analyst expectations for quarterly profit, boosted by strong wealth management and capital markets earnings.

In the second quarter of last year, RBC closed its deal to takeover HSBC Bank Canada, which was Canada’s seventh-largest lender. This year’s first quarter results include a boost from the inclusion of HSBC, which increased net income by $214-million.