77.33 +0.03 (0.04%)
Pre-Market: 8:12AM EST
|Bid||75.11 x 800|
|Ask||78.00 x 1400|
|Day's Range||76.95 - 78.04|
|52 Week Range||65.76 - 81.56|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||12.30|
|Earnings Date||Nov 30, 2016 - Dec 5, 2016|
|Forward Dividend & Yield||2.94 (3.81%)|
|1y Target Est||88.84|
, the country’s largest bank, saw profit increase in its first quarter, as revenue climbed and the bank recorded lower income tax costs, buts its provision for credit losses jumped. Net interest income rose 9.9% to C$4.88 billion. Adjusted earnings were C$2.19 a share, which met analysts’ consensus estimate.
Big banks continue to face legal actions for their past business mishandlings. The city of Philadelphia accuses seven major banks of colluding over municipal bonds.
The lender saw a 12 percent drop in trading revenue from fixed income, currencies and commodities in the three months through January, advancing the trend that affected U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. at the end of 2018. The decline was countered by a 47 percent surge in equities trading. Investment banking fees at Royal Bank’s RBC Capital Markets division were down 36 percent, contributing to lower earnings in the investment-banking business.
Royal Bank of Canada on Friday reported a 7 percent rise in earnings in the first quarter, with growth in personal and commercial banking partially offset by lower earnings at its capital markets division. Canada's biggest lender by market value said earnings per share rose to C$2.15 in the three months to Jan. 31. Adjusted earnings per share were C$2.19, in line with analysts' expectations, according to IBES data from Refinitiv.
Royal Bank of Canada on Friday reported a 7 percent rise in first-quarter earnings, with growth in wealth management and personal & commercial banking offset by lower earnings at its insurance and capital ...
NEW YORK, NY / ACCESSWIRE / February 22, 2019 / Royal Bank of Canada (NYSE: RY ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on February 22, 2019 at 8:00 AM ...
All amounts are in Canadian dollars and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. TORONTO , Feb. 22, 2019 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today reported net income of $3,172 million for the quarter ended January 31, 2019 , up $160 million or 5% from the prior year, with solid diluted EPS growth of 7%. Results reflect solid underlying earnings growth in Personal & Commercial Banking and Insurance.
The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. In a complaint filed on Wednesday night, Philadelphia accused Bank of America Corp, Barclays Plc, Citigroup Inc, Goldman Sachs Group Inc, JPMorgan Chase & Co, Royal Bank of Canada and Wells Fargo & Co of secretly manipulating rates for tax-exempt bonds known as VRDOs, or variable-rate demand obligations.
Swiss bank, UBS Group AG (UBS) and its French unit penalized with EUR 4.5 billion ($5.1 billion), including civil damages of EUR 800 million, by the French trial court.
Moody's Investors Service has assigned a Aa1/VMIG 1 rating to approximately $18 million of Wyoming Community Development Authority (WCDA) Housing Revenue Bonds, 2019 Series 2 (Variable Rate) (Non-AMT) (2019 Bonds). The Aa1 rating reflects the strong financial position of the program, a sound loan portfolio composition, and the structure of the bonds previously issued under the 1994 Indenture. The VMIG 1 rating is based on the Aa1 long-term rating on the parity bonds under the 1994 Indenture as well as the Aa2(cr)/P-1(cr) counterparty risk assessments of the liquidity provider (Royal Bank of Canada (the "Bank")) and the Bank's obligation under the related standby bond purchase agreement (SBPA) to purchase the VRDOs upon optional or mandatory tender in the event of a failed remarketing or certain other events.
Redfin Corp (NASDAQ: RDFN ) reported solid fourth-quarter results Thursday and mixed Q1 guidance. RBC Capital Markets raised its 2019 estimates have been raised based on the real estate company 's comments ...
Royal Bank (RY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Moody's Investors Service has assigned a Aa2 rating to Tennergy Corporation Gas Supply Revenue Bonds, Series 2019A (the Bonds). The Issuer will in turn sell daily quantities, billed on a monthly basis, of delivered natural gas to municipal participants pursuant to gas supply contracts.
The rollout of its non-alcoholic beer helped Heineken report its strongest volume growth in its core brand for more than a decade, capping a year of forecast-beating financial results. Heineken 0.0 beer had expanded to 38 markets last year, up from 16 in 2017, contributing to a 7.7 per cent increase in sales by volume for the group’s flagship brand. RBC analyst James Edwardes Jones hailed the “excellent” results, adding that “Heineken has been on a bit of a roll as far as revenue growth, and particularly volume growth, is concerned”.
The Royal Bank of Canada has dropped its efforts to overturn an employment tribunal ruling that a former London-based trader was fired unfairly after blowing the whistle on what he said was a lax compliance culture. that wrapped up last summer, in which a one-time currencies trader successfully argued that he was dismissed not for poor timekeeping, as the bank suggested, but for shining a light on what he described as a “box-ticking” compliance regime. Dropping the appeal does not necessarily signal the bank has accepted John Banerjee’s explanation for his dismissal, nor his description of events around his departure from the bank.
Bonus cuts could be an option for Deutsche Bank (DB) to achieve cost cutting targets if market conditions prevent revenue growth.