|Bid||105.39 x N/A|
|Ask||105.41 x N/A|
|Day's Range||104.52 - 105.43|
|52 Week Range||90.10 - 107.91|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||12.37|
|Earnings Date||May 23, 2019|
|Forward Dividend & Yield||4.08 (3.82%)|
|1y Target Est||111.46|
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. ...
Canadian Imperial Bank of Commerce on Wednesday fell short of profit estimates for the third straight quarter, and said it expects zero earnings growth this year, sending its shares down nearly 4%. Weak loan growth and higher loan loss provisions hurt the bank's bottomline in the second quarter ended April 30, as higher interest rates - which in the past had helped the bank earn more from loans, crimped borrowers' ability to take out loans. The Bank of Canada has raised interest rates five times since July 2017, while the U.S. Federal Reserve has boosted rates six times over the same period.
The country’s largest bank isn’t excluding fuel companies, said Lindsay Patrick, RBC’s head of sustainable financing. Oil and gas firms “aren’t specifically excluded in our framework,” said Patrick, although most of the lender’s green bond funding will go to renewable power and green buildings. This includes RBC’s inaugural green bond, a 500 million euro ($558 million) five-year bond issued last month.
Royal Bank of Canada NYSE:RYView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low 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. The net inflows of $1.81 billion over the last one-month into ETFs that hold RY are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year, but is easing. Credit worthinessCredit default swap | NeutralThe current level displays a neutral 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.
TORONTO , May 14, 2019 /CNW/ - Fresh on the heels of the 7th annual Prism Prize gala held at TIFF Bell Lightbox, where Kevan Funk + Belle Game were crowned the $15 000 Grand Prize winners, along with Audience Award winning team Johnny Jansen + Said The Whale, the Academy of Canadian Cinema & Television proudly announced the extension of Music Video Production (MVP) Project music video fund thanks to a remarkable grant from the RBC Foundation. Academy CEO Beth Janson announced that the RBC Foundation will be donating the largest per annual basis gift in their history on behalf of The RBC Emerging Artists Project.
Royal Bank of Canada announces results of conversion privileges of NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shares Series AZ
Germany exported €118.3bn of goods and imported €95.6bn in March, putting its foreign trade balance at a seasonally adjusted €20bn for the month, Destatis said. Germany’s resilience reflects a wider outperformance across the eurozone. Analysts said the improved exports performance would help to buoy Germany’s first-quarter economic growth data, which will be published next week.
The merchandise gap with China shrank to $28.3 billion in March, according to a Commerce Department report Thursday that also showed the overall U.S. deficit in goods and services widened to $50 billion. China’s top negotiator was due in Washington Thursday to continue the discussions before tariffs rise Friday. The narrower gap with China obscures a sharp drop in trade between the nations.
TORONTO , May 9, 2019 /CNW/ - RBC and the Academy of Canadian Cinema & Television (The Canadian Academy) announced today the nine grant recipients for Round 2 of the MVP Project — an initiative that aims to promote and assist emerging Canadian recording artists, producers and filmmakers in creating music video content. The nine recipients were selected from 380 submissions by a jury of industry professionals. The Round 2 recipient list includes rising talent from the Canadian music video scene and represents a wide range of musical genres and filmmaking styles, including stop-motion animation, dance, and short-form narrative.
Brent crude futures fell 1.9 percent on Tuesday, slipping below $70 a barrel for the first time in over a month, as investors fretted about potential damage to the global economy. “There are concerns about the broad economic environment,” said Michael Tran, a commodity strategist at RBC Capital Markets LLC in New York. Prices were little changed after the industry-backed American Petroleum Institute was said to deliver a mixed report on U.S. supplies.
Others, including Raymond James and Cowen, are more cautious, warning the process may have been derailed, and point to rising global risks. Tech and machinery companies were hard hit, with Alibaba Group, Apple Inc., Boeing Co. and Caterpillar Inc. all sliding. Bellwether banks such as Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. were all falling 1.5 percent or more.
RBC Global Asset Management Inc. announces April sales results for RBC Funds, PH&N Funds and BlueBay Funds
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Canadian Public Safety Minister ...
Canadian Defined Benefit Pension Plans Rebound in Q1 2019: RBC Investor & Treasury Services
TORONTO , April 25, 2019 /CNW/ - Creating and sticking to a budget is key to financial success, but it can also result in feelings of stress and anxiety for many Canadians. To bring ease and convenience to managing finances and developing budgets, RBC launches NOMI Budgets, a new solution available through the RBC Mobile app. A first-of-its-kind in Canada , NOMI Budgets uses artificial intelligence (AI) to proactively analyze a customer's spending history, recommend an appropriate budget and send timely updates to help keep them on track in a seamless and convenient way.
TORONTO , April 24, 2019 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced the applicable dividend rates for its Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series AZ (the "Series AZ shares") and NVCC Non-Cumulative Floating Rate First Preferred Shares, Series BA (the "Series BA shares"). With respect to any Series AZ shares that remain outstanding after May 24, 2019 , holders of the Series AZ shares will be entitled to receive quarterly fixed rate non-cumulative preferential cash dividends, as and when declared by the Board of Directors of Royal Bank of Canada , subject to the provisions of the Bank Act ( Canada ).