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Reuters
A Royal Bank of Canada (RBC) sign is seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie

TORONTO (Reuters) - Royal Bank of Canada (Toronto:RY.TO - News) reported an 11 percent increase in second quarter earnings, beating market forecasts, helped by a strong performance in its capital markets and wealth management businesses.

Canada's biggest lender by assets and market value on Thursday said earnings per share, excluding one-off items, rose to C$1.85 per share in the quarter to April 30 from C$1.66 a year earlier. Analysts had on average forecast earnings of C$1.80, according to Thomson Reuters I/B/E/S data.

Net income increased by 9 percent from the year before to C$2.8 billion ($2.1 billion).

The bank said net income at its wealth management business increased by 12 percent from a year ago to C$431 million, benefiting from strong equity markets.

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Net income at its capital markets business grew by 15 percent to C$668 million, driven by improved results in its corporate and investment banking and global markets businesses.

(Reporting by Matt Scuffham; Editing by Mark Potter)