U.S. Markets closed

Royal Bank of Canada posts 7 percent rise in quarterly earnings

(Corrects to show earnings per share rose by 7 percent (not 2 percent), net income rose by 5 percent (not 2 percent))

TORONTO, Feb 22 (Reuters) - Royal Bank of Canada on Friday reported a 7 percent rise in first-quarter earnings, with growth in wealth management and personal & commercial banking offset by lower earnings at its insurance and capital markets divisions.

Canada's biggest lender by market value said earnings per share rose to C$2.15 in the three months to Jan. 31. Earnings per share, excluding one-off items, were C$2.19.

Net income rose by 5 percent to C$3.17 billion ($2.40 billion).

($1 = 1.3209 Canadian dollars) (Reporting by Matt Scuffham; editing by Jason Neely)