|Bid||76.01 x 1400|
|Ask||76.02 x 900|
|Day's Range||75.34 - 76.39|
|52 Week Range||73.92 - 87.10|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||12.56|
|Earnings Date||Nov 30, 2016 - Dec 5, 2016|
|Forward Dividend & Yield||3.01 (3.97%)|
|1y Target Est||88.28|
Sep.27 -- Bloomberg's Doug Alexander discusses RBC Ventures Inc., Royal Bank of Canada's fintech startup aimed at growing more core clients.
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.
Moody's Investors Service has assigned a Aa2/VMIG 1 to the Tender Option Bond Trust (RBC Liquidity), Puttable Floating Rate Receipts, Series 2018-XM0690 (the Receipts). The long-term rating is based upon the long-term rating of the underlying bonds, Patriots Energy Group Financing Agency Gas Supply Revenue Bonds, Series 2018 Sub-series 2018A (the Bonds), deposited into the trust. The short-term rating is based upon a combination of factors which includes the short-term Counterparty Risk Assessment (CR Assessment) of Royal Bank of Canada, P-1(cr), as liquidity facility provider, the long-term rating of the Bonds deposited into the trust and Moody's assessment of the likelihood of an early termination of the liquidity facility.
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 .
At this time the additions and amendment, in and of themselves, will not result in any change to the credit quality of the program's ABCP. Old Line Funding LLC (Old Line), a partially supported, multi-seller ABCP program administered by Royal Bank of Canada (RBC), has added a E120 million interest in a revolving facility backed by rental cars that were originated by European subsidiaries of an international company.
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
For investors who put their clients’ money into developed nations’ sovereign bond markets, volatility has little appeal — and this is becoming a problem for Italy. Although rising yields are likely to lure in some short-term buyers seeking to earn additional interest, known as “carry”, it is not enough to replace the lost demand, putting further downward pressure on bond prices, analysts say.
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)
Moody's Investors Service ("Moody's") today took various rating actions related to the Implementation Date for the new Canadian bank resolution rules on September 23, 2018. Moody's affirmed the ...
Bruce Ross of RBC to Speak at CIBC's 17th Annual Eastern Institutional Investor Conference
Moody's Investors Service has assigned Aa1/VMIG 1 letter of credit (LOC) backed ratings to the Metropolitan Washington Airports Authority, DC, Airport System Revenue, Variable Rate Bonds, Series 2003D-1 (AMT) (Series 2003D-1 Bonds) and affirmed Aa1/VMIG 1 LOC-backed ratings of Metropolitan Washington Airports Authority, DC, Airport System Revenue and Refunding Variable Rate Bonds, Series 2011A, Subseries 2011A-1, 2011A-2, and 2011A-3 (collectively, Series 2011A Bonds). The rating assignment is in conjunction with the interest rate conversion of the Series 2003D-1 Bonds from index rate to weekly rate and the issuance of a TD Bank, N.A. LOC to support such Bonds.
TORONTO , Sept. 20, 2018 /CNW/ - Entrepreneurial spirit is alive and well in Canada with more than half (54 per cent) of Canadians saying they have thought about owning their own business according to the 2018 RBC Small Business Poll. Of those who have considered owning a business, 56 per cent are already putting their entrepreneurial skills to use by making money from their passion project (28 per cent), taking on side jobs when they need money (20 per cent) and testing out a new business idea (8 per cent). "Many Canadians are taking the entrepreneurial steps to earn money outside of their regular income, but don't necessarily view themselves as small business owners in the traditional sense.