|Bid||101.26 x 0|
|Ask||101.38 x 0|
|Day's Range||100.71 - 101.51|
|52 Week Range||90.13 - 108.52|
|PE Ratio (TTM)||12.99|
|Earnings Date||Aug 23, 2018|
|Forward Dividend & Yield||3.76 (3.75%)|
|1y Target Est||111.07|
Royal Bank’s pain is TD’s gain. Shares of Royal Bank of Canada are losing ground to its biggest rival, Toronto-Dominion Bank, which rose to a record on Wednesday. Toronto-Dominion’s returns more than doubled its Canadian competitor in the past year, eliminating the premium Royal Bank shares enjoyed for the better part of a decade.
(Reuters) - Deutsche Bank AG (DBKGn.DE) has agreed to pay a fine of $205 million (155.8 million pounds) for violations of New York's banking laws, the state's department of financial Services said on Wednesday. ...
Royal Bank of Canada’s Greg Mills, the global equities head who spearheaded his firm’s fight against predatory high-frequency trading, is leaving RBC Capital Markets next month after two decades at the bank. Mills, who led the global equities business out of Toronto since 2005, decided to depart after “productive discussions” the firm had on succession planning, according to an internal memo Monday from Mike Bowick, head of global markets. Mills, 56, will be succeeded by Bobby Grubert and Ahmed Kachenoura, effective July 1, Bowick said in a separate memo.
TORONTO , June 18, 2018 /CNW/ - RBC is pleased to announce the release of the newest edition of A Chosen Journey: RBC Indigenous Partnership report. Celebrating its tenth anniversary, the report highlights a diverse range of success stories from within Indigenous communities across Canada , from community programs and entrepreneurial initiatives, to skills development and new employment opportunities. The report was launched by RBC in 2008 in response to a challenge by the Assembly of First Nations to corporate Canada to partner with Indigenous communities. A Chosen Journey has been issued annually since, highlighting the many successful collaborations that continue to grow between Indigenous peoples and RBC.
NEW YORK, June 15, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Royal ...
The debate around artificial intelligence continues to swirl around big tech and startups, all while industries like banking and retail spend billions on AI to transform the way they do business. Michal ...
TORONTO , June 14, 2018 /CNW/ - In spite of looming concerns over U.S. imposed tariffs, the Canadian economy is gaining momentum, according to the latest RBC Economic Outlook Report. An increase in consumer spending, wage growth and business investment have all contributed to positive signs for Canada .
Brazil's antitrust watchdog on Wednesday fined Morgan Stanley and Royal Bank of Canada a total of 42.9 million reais for meddling with foreign exchange rates charged to clients. The board of regulator ...
BRASILIA (Reuters) - Brazil's antitrust watchdog on Wednesday fined Morgan Stanley (MS.N) and Royal Bank of Canada (RY.TO) a total of 42.9 million reais (£8.6 million) for meddling with foreign exchange ...
Royal Bank of Canada's chief executive said he was troubled by the dispute between Canada and the United States over trade tariffs and frustrated by the slow progress of negotiations to update the North America Free Trade Agreement. U.S. President Donald Trump has threatened to double down on import tariffs by hitting the sensitive auto industry, making it virtually impossible to renegotiate the 1994 NAFTA pact between the United States, Canada and Mexico.
Banks are unlikely to use distributed ledgers to process cross-border payments for now because of scalability and privacy issues, according to Ripple, one of the most prominent startups developing the technology. "I will concede, we haven't gotten there yet," Ripple's chief cryptographer David Schwartz said in an interview. Banks have been vocal about taking steps toward deploying the technology originated from cryptocurrencies to make processes like international payments faster and cheaper.
Royal Bank of Canada introduced a wave of technology initiatives to combat a source of angst among its executives: Not enough people are switching banks to try their offerings. “We’ve built this incredible franchise over time with all this sales power, yet we’re frustrated," Chief Executive Officer David McKay said Wednesday during an investor event in Toronto. Tapping technology to showcase Royal Bank’s offerings and build new connections is a “secular opportunity" for Canada’s second-largest lender by assets, according to McKay.
TORONTO , June 13, 2018 /CNW/ - RBC and WestJet announced today they are creating Ampli, a next generation loyalty platform that will deliver unparalleled value to consumers through amplified earning power on a simple and convenient digital solution. Open to all Canadians, Ampli will provide members with merchant offers, flexible rewards and exclusive bonuses. In addition, members who spend on RBC cards and fly with WestJet will further amplify their rewards.
Post-GFC recovery has driven major financial institutions’ return to health, increasing market confidence in these “too-big-to-fail” banks. As a large-cap stock with market capitalization of CA$143.95B, Royal Bank of CanadaRead More...
MINNEAPOLIS, MN, June 12, 2018 /PRNewswire/ - The definition of legacy in the U.S. is shifting from value to values, as high-net-worth Americans increasingly prioritize the impact of their money throughout their lives and beyond. This is according to a new survey from The Economist Intelligence Unit (EIU), commissioned by RBC Wealth Management. While respondents understand that financial wealth is the primary enabler of their legacy, many are focused on familial relationships and social contributions as they think about making their mark.
73% of younger2 high-net-worth Canadians say they will make more of an impact on the world than previous generations while only 48% of older high-net-worth Canadians feel the same way. Of those who are business owners, 70% feel it's important that their business makes a positive impact on their community, compared with 58% of their older counterparts. When asked to define legacy, older high-net-worth Canadians are much more likely to use words like 'family' (75%) than younger high-net-worth Canadians (50%).
Craig Bishop, U.S. fixed income lead strategist at RBC Wealth Management, Jack Flaherty, investment director of fixed income at Gam, and Peter Tchir, head of macro strategy at Academy Securities, look ...
TORONTO , June 11, 2018 /CNW/ - The RBC Mobile app has officially been recognized as the best mobile banking experience in Canada . The app was rated #1 in customer satisfaction by J.D. Power and our clients, and earned the top spot in the Forrester review for a combination of valuable user functionality and client experience. The RBC Mobile app is also outperforming Canadian peers across a range of key digital performance indicators, including digital sales and digital client retention.
Royal Bank of Canada fired its U.S. investment banking chief Blair Fleming because he failed to disclose that he was having an improper relationship with an employee. “Fleming did not comply with our disclosure and conflict of interest policies relating to workplace relationships,” Gillian McArdle, a spokeswoman for the Toronto-based bank, said Friday in a statement. Policies governing personal conduct in the workplace are being enforced more vigorously because of #MeToo, said Andrew Kofsky, a labor and employment counsel at Simpson Thacher in New York.
MINNEAPOLIS, June 7, 2018 /CNW/ - RBC Wealth Management—U.S. today unveiled another significant investment in technology that will further the firm's push to become the top provider of goals-based advice in the U.S. Partnering with Envestnet, RBC Wealth Management—U.S. launched AdvisoryLink, a new infrastructure that will give advisors a more comprehensive view of a client's financial picture by consolidating their portfolio into a single desktop portal. The new platform also features more streamlined account opening process, better account management tools and the ability to consolidate multiple accounts into one.
Elsa Lignos, global head of FX strategy at RBC Europe, and Bhanu Baweja, head of emerging market cross asset strategy at UBS, discuss the impact of trade tensions on global growth, business confidence ...
RBC Global Asset Management Inc. announces May sales results for RBC Funds, PH&N Funds and BlueBay Funds