|Bid||99.65 x 0|
|Ask||99.67 x 0|
|Day's Range||99.01 - 99.69|
|52 Week Range||96.00 - 108.52|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||12.38|
|Earnings Date||Nov 28, 2018|
|Forward Dividend & Yield||3.92 (3.92%)|
|1y Target Est||113.14|
Dave McKay, Royal Bank of Canada CEO, joins 'Squawk Box' to discuss the state of the U.S. economy, quarterly earnings and concerns surrounding Saudi Arabia.
Sep.27 -- Bloomberg's Doug Alexander discusses RBC Ventures Inc., Royal Bank of Canada's fintech startup aimed at growing more core clients.
Have you been keeping an eye on Royal Bank of Canada’s (TSE:RY) upcoming dividend of CA$0.98 per share payable on the 23 November 2018? Then you only have 4 days Read More...
Improving credit quality as a result of post-recession recovery has led to a strong growth environment for financial institutions. Large banks such as Royal Bank of Canada (TSE:RY), with a Read More...
TORONTO , Oct. 16, 2018 /CNW/ - An RBC survey of more than 2,000 Canadians aged 15-24, has found that across every province and major city, youth are feeling hopeful, but nervous about their future employment prospects. To help young people turn that hope and nervousness into confidence, RBC Future Launch has created RBC UpskillTM, an online resource using the most current Canadian labour market data to help young people understand how their past experiences and current skills will help prepare them for the jobs of tomorrow. "Overwhelmingly, Canadian youth are feeling anxious and unprepared about entering the workforce, but there's a silver lining – they also have underlying optimism and excitement for the future," said Valerie Chort , Vice President, Corporate Citizenship, RBC.
TORONTO , Oct. 15, 2018 /CNW/ - As part of the celebrations for next February's Black History Month, the Royal Bank of Canada today announced a call for submissions for the 10th Annual RBC Black History Month Student Essay Competition. This year there are 30 available scholarships, including three top prizes of $5,000 , $2,500 and $1,500 . The competition is open to all Canadian grade 12 students who are applying to a Canadian post-secondary school for the 2019/20 academic year.
TORONTO , Oct. 10, 2018 /CNW/ - In the first major survey of Canadians' attitudes to cyber security and the financial industry, and in anticipation of Cyber Awareness Month, RBC partnered with Ipsos to survey more than 2,000 Canadians on their cyber knowledge to gain more insight into Canadians' concerns about cyber security and the steps they can take to protect themselves. While 77% of Canadians believe they are knowledgeable on cyber security, only 16% could identify the majority of cyber terms correctly.
MONTREAL , Oct. 9, 2018 /CNW/ - At the official opening of the Borealis AI Montréal lab today, Dave McKay , President & CEO of RBC, announced the RBC Foundation will donate $1 million over the next three years to the Canadian Institute for Advanced Research (CIFAR). The commitment will support research and initiatives aimed at furthering the study of ethical artificial intelligence (AI) practices. CIFAR is leading the Pan-Canadian Artificial Intelligence Strategy, working in partnership with three world renowned AI institutes – the Alberta Machine Intelligence Institute (Amii) in Edmonton, Mila in Montreal and the Vector Institute in Toronto .
Builders began work on an annualized pace of 188,683 units last month, down 5.1 percent from August, Canada Mortgage and Housing Corp. reported Tuesday. Canada’s housing market has slowed this year, hindered by rising mortgage rates and tougher qualification rules. “As these forces continue to weigh on the housing market, we see residential investment turning from a boost to a drag on gross domestic product in 2019,” Royce Mendes, an economist at CIBC World Markets, said in a research note.
Methanex outperformed the SPDR S&P 500 ETF Trust (SPY), which reported a marginal gain of 0.4%. During the month, Methanex stock hit a 52-week high and an all-time high of $82.50. Methanex (MEOH) noted in the second quarter that methanol prices have improved and that it expects the trend to continue.
RBC Global Asset Management Inc. announces September sales results for RBC Funds, PH&N Funds and BlueBay Funds and third quarter sales for RBC ETFs
Pressure is growing on the Canadian prime minister to act starting with a budget update in coming weeks, with potential implications on a range of policies from how quickly he reduces deficits to the scope of planned corporate tax cuts heading into an election year. “We’re looking at long term challenges to the Canadian economy -- what we call competitive wedges -- and Nafta or no Nafta they are still there,” Dagmara Fijalkowski, head of global fixed income and currencies at RBC Global Asset Management, said at the Bloomberg Canadian Fixed Income Conference Tuesday in New York.
Ten-year Treasury yields staged their strongest single-day upswing since November 2016 on Wednesday, driving the rate to the highest since 2011. The surge followed a record-high reading on activity in the U.S. services sector and stronger-than-anticipated gains in a private employment survey. One reason for that added attention is that Federal Reserve officials have stressed the central bank’s focus on incoming data.
Analysts surveyed by Bloomberg see sterling sliding almost 8 percent to $1.20 on such an outcome. At its recent annual conference, the opposition Labour Party said it plans to vote down Prime Minister Theresa May’s exit agreement with the EU and push for a fresh national ballot, while seeing a second plebiscite on Brexit as a way of avoiding a chaotic separation from the bloc. Analysts in the Bloomberg survey see a 23 percent probability of a no-deal Brexit, slightly up from 20 percent in a similar poll held in July.
TORONTO, Oct. 2, 2018 /PRNewswire/ - Ninety percent of institutional investors believe environmental, social and governance (ESG) integrated portfolios are likely to perform as well or better than non-ESG integrated portfolios, according to a new global survey by RBC Global Asset Management (RBC GAM). The results reveal that adoption of responsible investing – including ESG integration, impact investing and engagement by asset owners – is growing steadily as the focus of institutional investors moves from "whether to" to "how to" implement a responsible investment approach. RBC GAM's research reveals that ESG-based investing has established a solid position alongside other fundamental investment approaches.
TORONTO , Oct. 2, 2018 /CNW/ - Ninety percent of institutional investors believe environmental, social and governance (ESG) integrated portfolios are likely to perform as well or better than non-ESG integrated portfolios, according to a new global survey by RBC Global Asset Management (RBC GAM). The results reveal that adoption of responsible investing – including ESG integration, impact investing and engagement by asset owners – is growing steadily as the focus of institutional investors moves from "whether to" to "how to" implement a responsible investment approach. RBC GAM's research reveals that ESG-based investing has established a solid position alongside other fundamental investment approaches.
RBC Global Asset Management Inc. Seeks New Sub-Advisor for RBC Private Canadian Growth and Income Equity Pool
TORONTO , Sept. 28, 2018 /CNW/ - Canadian housing affordability is now at its worst level since 1990, according to the latest Housing Trends and Affordability Report issued today by RBC Economic Research. RBC's aggregate housing affordability measure rose to 53.9 per cent in the second quarter of 2018– up significantly from 43.2 per cent just three years ago.
Bloomberg's Doug Alexander discusses RBC Ventures Inc., Royal Bank of Canada's fintech startup aimed at growing more core clients. (Source: Bloomberg)