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Earnings Review and Free Research Report: Royal Bank of Canada's Q3 Adjusted EPS Improved 8% Y-o-Y

Research Desk Line-up: Toronto-Dominion Bank Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 12, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Royal Bank of Canada (NYSE: RY), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=RY, following the Company's posting of its financial results for the third quarter fiscal 2017 (Q3 FY17) on August 23, 2017. The Toronto, Ontario-based bank's adjusted diluted EPS rose 8% y-o-y. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Money Center Banks industry. Pro-TD has currently selected The Toronto-Dominion Bank (NYSE: TD) for due-diligence and potential coverage as the Company announced on August 31, 2017 its financial results for Q3 2017 which ended on July 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on Toronto-Dominion Bank when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on RY; also brushing on TD. With the links below you can directly download the report of your stock of interest-free of charge at:

http://protraderdaily.com/optin/?symbol=RY
http://protraderdaily.com/optin/?symbol=TD

Earnings Reviewed

During the quarter ended on June 31, 2017, Royal Bank of Canada's (NYSE: RY) total revenue came in at C$9.99 billion, compared to C$10.26 billion in the year ago corresponding quarter. The Company's net interest income increased to C$4.26 billion during Q3 FY17 from C$4.12 billion in the last year's comparable period. Meanwhile, the Company's non-interest income for the reported quarter came in at C$5.73 billion, compared to C$6.13 billion in the last year's same period.

The bank and financial services Company reported net income available to common shareholders of C$2.71 billion, or C$1.85 per diluted share, in Q3 FY17, compared to C$2.80 billion, or C$1.88 per diluted share, in Q3 FY16. The Company's adjusted net income available to common shareholders for the reported quarter was C$2.77 billion, or C$1.89 per diluted share, up from C$2.63 billion, or C$1.76 per diluted share, in the year ago same period.

Performance Metrics

In Q3 FY17, Royal Bank of Canada's return on average assets came in at 0.93%, compared to 0.97% in the previous year's same period. The Company's adjusted return on equity was 16.7% in Q3 FY17 versus 16.9% reported in the year ago comparable quarter. The bank's adjusted efficiency ratio was 53.2% in Q3 FY17, compared to 54.0% in Q3 FY16. The bank's net interest margin stood at 2.66% for the reported quarter, compared to 2.68% in Q3 FY16.

As on June 31, 2017, the bank's common equity tier 1 ratio was 10.9%, compared to 10.5% as of June 31, 2016. Additionally, tier 1 capital ratio and total capital ratio stood at 12.4% and 12.1%, respectively, at the end of Q3 FY17.

At the close of Q3 FY17, Royal Bank of Canada (NYSE: RY) has total loans and acceptances of C$547.70 billion, compared to C$527.60 billion at the close of Q3 FY16. Total average deposits also grew to C$778.62 billion in Q3 FY 17 from C$754.42 billion in Q3 FY16. Furthermore, average interest-earning assets grew to C$1.00 trillion from C$973.40 billion in the last year's same quarter.

Royal Bank of Canada's Segment Performance

For the reported period, Personal & Commercial Banking segment's total revenues grew to C$3.92 billion from C$3.74 billion in Q3 FY16. The segment's net income came in at C$1.40 billion in Q3 FY17 versus C$1.32 billion in the last year's comparable quarter.

Wealth Management segment's total revenue stood at C$2.49 billion in Q3 FY17, compared to C$2.24 billion in Q3 FY16. During the quarter, the segment recorded net income of C$486 million, compared to C$388 million in Q3 FY16.

In Q3 FY17, Insurance segment's revenue was C$1.01 billion, compared to C$1.82 billion in Q3 FY16. Meanwhile, the segment's net income fell to C$161 million during Q3 FY17 from C$364 million in Q3 FY16.

Investor & Treasury Services segment reported total revenue of C$594 million in Q3 FY17, compared to C$577 million in Q3 FY16. Additionally, the segment posted net income of C$178 million in Q3 FY17 versus C$157 million in Q3 FY16.

During Q3 FY17, the Company's Capital Markets generated total revenues of C$2.04 billion, compared to C$2.09 billion in the last year's same quarter. Furthermore, the segment's net income for the reported quarter was C$611 million versus C$635 million in the last year's same quarter.

Dividend

In a separate press release on August 23, 2017, Royal Bank of Canada's Board of Directors increased the quarterly common share dividend by C$0.04, or 5%, to C$0.91 per share, payable on and after November 24, 2017 to common shareholders of record at the close of business on October 26, 2017.

Stock Performance

Royal Bank of Canada's (NYSE: RY) share price finished yesterday's trading session at $75.14, slightly advancing 0.82%. A total volume of 939.35 thousand shares have exchanged hands. The Company's stock price surged 6.28% in the last three months, 3.61% in the past six months, and 21.51% in the previous twelve months. Additionally, the stock rallied 10.97% since the start of the year. Shares of the Company have a PE ratio of 12.43 and have a dividend yield of 3.86%. The stock currently has a market cap of $110.43 billion.

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SOURCE: Pro-Trader Daily