|Bid||103.41 x N/A|
|Ask||103.66 x N/A|
|Day's Range||102.44 - 103.73|
|52 Week Range||90.10 - 107.91|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||11.99|
|Earnings Date||Aug 21, 2019|
|Forward Dividend & Yield||4.08 (4.02%)|
|1y Target Est||112.07|
TORONTO , June 13, 2019 /CNW/ - Today, RBC announced a new collaboration with global lifestyle brand October's Very Own (OVO). Together, RBC and OVO will partner to open the popular OVO Summit to the Canadian public for the first time. Taking place on Friday, August 2 , 2019, OVO Summit is an immersive conference for Canadian creatives and lifestyle entrepreneurs looking to grow their careers, hone their skills and make a lasting impact on the creative economy in Canada .
TORONTO , June 12, 2019 /CNW/ - Indigenous youth are shaping the future for Canada , stepping forward with bold ideas rooted in culture in order to create a new way forward for their peoples and communities. "Indigenous youth are at the forefront of reconciliation, and so we at RBC are determined to listen to them and be guided by their perspectives so that we can offer our help and partnership in a genuine way," said Dale Sturges , National Director, Indigenous Financial Services, RBC.
The Kremlin, initially blindsided by the outcry at the reporter’s detention, could end up benefiting from it all, and the more liberal part of the pro-regime establishment may gain an advantage over its overeager security apparatus. Golunov possesses that rare combination of pedantry and fearlessness that makes the perfect investigative journalist.
Royal Bank of Canada NYSE:RYView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for RY with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting RY. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold RY had net inflows of $1.87 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. RY credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Eric Lascelles, chief economist at RBC Global Asset Management Inc., which oversees C$430 billion ($324 billion), says while he doesn’t see signs of a debt crisis in the making, Canada’s households are clearly more stretched in terms of debt and spending than their American counterparts. “There’s just no latent capacity to spend or to buffer a shock in Canada, and the U.S. is very well positioned,” Lascelles said by phone from Toronto. “You could lose your job and you would be okay in the U.S., or rates could go up and you’d be fine, or the economy could turn down and spending could continue.
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
RBC Global Asset Management Inc. announces May sales results for RBC Funds, PH&N Funds and BlueBay Funds
LONDON, ON , June 5, 2019 /CNW/ - Today, RBC and the London Convention Centre announced a 10-year sponsorship which will see the London Convention Centre, located in the heart of downtown London, ON , renamed RBC Place London. This announcement is yet another chapter in RBC's long-standing support of London and the surrounding communities, and builds on the convention centre's established reputation as a leader in the meetings industry. "RBC has a long and rich history in Southwestern Ontario , and we take great pride in announcing a new name for the convention centre - one that reflects our commitment to the region and the communities within it," says Francine Dyksterhuis , Regional President, Southwestern Ontario , RBC.
The American Petroleum Institute’s weekly report was said to show a 3.55 million barrel increase in U.S. stockpiles last week, compared with a 2 million decline predicted by analysts in a Bloomberg survey. The data hit a market already reeling from escalating trade tensions between the U.S. and China, and the Trump administration’s threat to slap tariffs on Mexico.
Saudi Energy Minister Khalid Al-Falih said Monday that recent volatility is “unwarranted" and predicted allied crude producers will continue efforts to avoid an oversupply for the rest of 2019. Al-Falih’s assurances weren’t enough to calm traders worried that simmering trade disputes will squelch the economic growth that underpins oil demand. Morgan Stanley and JPMorgan Chase & Co. both warned of a recession if President Donald Trump follows through on threats to impose 25% tariffs against Mexico, on top of his escalating standoff with China.
A 10% correction of the S&P 500 Index from its April peak to 2,650 is becoming more likely, according to strategist Lori Calvasina. Traders pushed down the value of stocks, with major averages on track for their worst month of the year, after Trump’s threats to place escalating tariffs on Mexico fueled investor anxiety. “It’s unlikely that a trade deal with China will be reached anytime soon, and Trump’s Thursday evening tweet regarding new tariffs on Mexico seems likely to add to investor angst,” Calvasina wrote.
Futures tumbled 3.8% in New York on Thursday, extending May’s loss to 11%, after the U.S. Energy Information Administration said domestic inventories shrank by 282,000 barrels last week, just one-fifth the average estimate in a Bloomberg survey. “The concern revolves around the demand side of the equation," said Nick Holmes, who helps oversee $16 billion in energy investments for Kansas-based money manager Tortoise. West Texas Intermediate crude for July fell $2.22 to $56.59 a barrel on the New York Mercantile Exchange, the lowest close since March 8.
TORONTO , May 30, 2019 /CNW/ - Today, RBC Ventures Inc., a subsidiary of Royal Bank of Canada , announced that it acquired Smart Reno, Canada's leading home renovation marketplace. Currently available in Ontario , Quebec and Alberta , Smart Reno connects consumers to qualified renovation professionals while supporting contractors and trades to efficiently grow their businesses with high-quality leads. "RBC Ventures is moving beyond banking to create solutions that support Canadians through every stage of their home journey.
TORONTO , May 28, 2019 /CNW/ - Canadians seeking more control of their financial future are making it clear they want the best of both worlds – digital with a human touch. As of this week, 1 million Canadians are now connected in real time to personalized, interactive financial plans and live advisor expertise – all through the digital innovation of MyAdvisor at RBC. MyAdvisor has created an entirely new category of investment intelligence to help Canadians ease anxiety around their savings and investments. The new digital+human solution not only gives them an interactive picture of their finances, it also provides real time access to the advice of financial advisors, through video, by phone or in person.
With Canadian financial giants including Royal Bank of Canada and Toronto-Dominion Bank having announced results this week, and rivals to follow, it’s becoming clear that businesses such as wealth management and U.S. operations are doing more to increase earnings than their mainstay of domestic consumer lending. “Canadian banking has got the blahs,” said David Baskin, whose Baskin Wealth Management oversees assets totaling C$1.2 billion ($890 million). “I’m not surprised that the domestic operations are pretty flat.
Royal Bank of Canada, the nation’s largest mortgage lender, reported Thursday that its domestic mortgage book expanded 5.2% in the fiscal second quarter from a year earlier, while Toronto-Dominion Bank’s mortgages and amortizing home-equity lines had a 5.8% increase. The two lenders are bucking the trend for the overall industry, which has seen year-over-year mortgage growth slide to a 17-year low of 3.2% in March, according to the Bank of Canada. Canada’s mortgage-industry slowdown has been spurred partly by government efforts to calm housing markets, particularly in Toronto and Vancouver.
Royal Bank of Canada reported a 6% rise in adjusted quarterly profit on Thursday, boosted by loan growth in its retail banking business and higher revenue in its trading business from improved market conditions. ...