Not entirely wiped out RY recorded a before tax Q12009 loss of $1.3 billion on a so called "market risk" adjustment.RY still made $1.0 billion,$0.74 cents per share producing an ROE of 13.8% .For Q12009 RY's EPS was $0.74 and paid a dividend of $0.50.
Should RY shareholders prepare for more debt,more preferred or common shares ?
For Q22009 RY shareholders can expect much higher loan loss provisions from the Canadian Banking network in response to the tanking Canadian economy.Personal bankruptcies in Canada are skyrocketing and RY's provisions should reflect the worsening trend.
When is RY going to be telling shareholders about the status of RY's Pension Liabilities ?
Loan loss provisions would require more capital raise, etc.
Goodwill impairments mean nothing to banks, not since the 80s when they basically caused the S&L crisis. Every bank in the world could eliminate goodwill from their balance sheets and it wouldn't mean anything to anyone.