76.40 +0.10 (0.13%)
After hours: 4:16PM EDT
|Bid||74.50 x 3000|
|Ask||77.50 x 39400|
|Day's Range||75.53 - 76.46|
|52 Week Range||70.43 - 87.10|
|PE Ratio (TTM)||12.92|
|Earnings Date||Nov 30, 2016 - Dec 5, 2016|
|Forward Dividend & Yield||2.93 (3.85%)|
|1y Target Est||88.84|
Royal Bank’s pain is TD’s gain. Shares of Royal Bank of Canada are losing ground to its biggest rival, Toronto-Dominion Bank, which rose to a record on Wednesday. Toronto-Dominion’s returns more than doubled its Canadian competitor in the past year, eliminating the premium Royal Bank shares enjoyed for the better part of a decade.
Royal Bank of Canada’s Greg Mills, the global equities head who spearheaded his firm’s fight against predatory high-frequency trading, is leaving RBC Capital Markets next month after two decades at the bank. Mills, who led the global equities business out of Toronto since 2005, decided to depart after “productive discussions” the firm had on succession planning, according to an internal memo Monday from Mike Bowick, head of global markets. Mills, 56, will be succeeded by Bobby Grubert and Ahmed Kachenoura, effective July 1, Bowick said in a separate memo.
TORONTO , June 18, 2018 /CNW/ - RBC is pleased to announce the release of the newest edition of A Chosen Journey: RBC Indigenous Partnership report. Celebrating its tenth anniversary, the report highlights a diverse range of success stories from within Indigenous communities across Canada , from community programs and entrepreneurial initiatives, to skills development and new employment opportunities. The report was launched by RBC in 2008 in response to a challenge by the Assembly of First Nations to corporate Canada to partner with Indigenous communities. A Chosen Journey has been issued annually since, highlighting the many successful collaborations that continue to grow between Indigenous peoples and RBC.
TORONTO , June 14, 2018 /CNW/ - In spite of looming concerns over U.S. imposed tariffs, the Canadian economy is gaining momentum, according to the latest RBC Economic Outlook Report. An increase in consumer spending, wage growth and business investment have all contributed to positive signs for Canada .
Brazil's antitrust watchdog on Wednesday fined Morgan Stanley and Royal Bank of Canada a total of 42.9 million reais for meddling with foreign exchange rates charged to clients. The board of regulator ...
BRASILIA (Reuters) - Brazil's antitrust watchdog on Wednesday fined Morgan Stanley (MS.N) and Royal Bank of Canada (RY.TO) a total of 42.9 million reais (£8.6 million) for meddling with foreign exchange ...
Royal Bank of Canada's chief executive said he was troubled by the dispute between Canada and the United States over trade tariffs and frustrated by the slow progress of negotiations to update the North America Free Trade Agreement. U.S. President Donald Trump has threatened to double down on import tariffs by hitting the sensitive auto industry, making it virtually impossible to renegotiate the 1994 NAFTA pact between the United States, Canada and Mexico.
Royal Bank of Canada introduced a wave of technology initiatives to combat a source of angst among its executives: Not enough people are switching banks to try their offerings. “We’ve built this incredible franchise over time with all this sales power, yet we’re frustrated," Chief Executive Officer David McKay said Wednesday during an investor event in Toronto. Tapping technology to showcase Royal Bank’s offerings and build new connections is a “secular opportunity" for Canada’s second-largest lender by assets, according to McKay.
TORONTO , June 13, 2018 /CNW/ - RBC and WestJet announced today they are creating Ampli, a next generation loyalty platform that will deliver unparalleled value to consumers through amplified earning power on a simple and convenient digital solution. Open to all Canadians, Ampli will provide members with merchant offers, flexible rewards and exclusive bonuses. In addition, members who spend on RBC cards and fly with WestJet will further amplify their rewards.
Post-GFC recovery has driven major financial institutions’ return to health, increasing market confidence in these “too-big-to-fail” banks. As a large-cap stock with market capitalization of CA$143.95B, Royal Bank of CanadaRead More...
73% of younger2 high-net-worth Canadians say they will make more of an impact on the world than previous generations while only 48% of older high-net-worth Canadians feel the same way. Of those who are business owners, 70% feel it's important that their business makes a positive impact on their community, compared with 58% of their older counterparts. When asked to define legacy, older high-net-worth Canadians are much more likely to use words like 'family' (75%) than younger high-net-worth Canadians (50%).
MINNEAPOLIS, MN, June 12, 2018 /PRNewswire/ - The definition of legacy in the U.S. is shifting from value to values, as high-net-worth Americans increasingly prioritize the impact of their money throughout their lives and beyond. This is according to a new survey from The Economist Intelligence Unit (EIU), commissioned by RBC Wealth Management. While respondents understand that financial wealth is the primary enabler of their legacy, many are focused on familial relationships and social contributions as they think about making their mark.
TORONTO , June 11, 2018 /CNW/ - The RBC Mobile app has officially been recognized as the best mobile banking experience in Canada . The app was rated #1 in customer satisfaction by J.D. Power and our clients, and earned the top spot in the Forrester review for a combination of valuable user functionality and client experience. The RBC Mobile app is also outperforming Canadian peers across a range of key digital performance indicators, including digital sales and digital client retention.
Royal Bank of Canada fired its U.S. investment banking chief Blair Fleming because he failed to disclose that he was having an improper relationship with an employee. “Fleming did not comply with our disclosure and conflict of interest policies relating to workplace relationships,” Gillian McArdle, a spokeswoman for the Toronto-based bank, said Friday in a statement. Policies governing personal conduct in the workplace are being enforced more vigorously because of #MeToo, said Andrew Kofsky, a labor and employment counsel at Simpson Thacher in New York.
MINNEAPOLIS, June 7, 2018 /CNW/ - RBC Wealth Management—U.S. today unveiled another significant investment in technology that will further the firm's push to become the top provider of goals-based advice in the U.S. Partnering with Envestnet, RBC Wealth Management—U.S. launched AdvisoryLink, a new infrastructure that will give advisors a more comprehensive view of a client's financial picture by consolidating their portfolio into a single desktop portal. The new platform also features more streamlined account opening process, better account management tools and the ability to consolidate multiple accounts into one.
RBC Global Asset Management Inc. announces May sales results for RBC Funds, PH&N Funds and BlueBay Funds
Moody's Investors Service, ("Moody's") put the senior unsecured debt issued by City National Corporation, and assumed by RBC USA Holdco Corporation, on review for downgrade. On Review for Downgrade: ...
Arrangement with Artivest provides financial advisors and qualified investors with access to premier alternative strategies MINNEAPOLIS , May 29, 2018 /CNW/ - RBC Wealth Management-U.S., one of the nation's ...
Royal Bank of Canada (NYSE:RY) is currently trading at a trailing P/E of 12.6x, which is lower than the industry average of 16.9x. While RY might seem like an attractiveRead More...
Royal Bank of Canada's (RY) second-quarter fiscal 2018 (ended Apr 30, 2018) results impress on lower provisions and rise in net interest income.
Of the 26 analysts covering Sherwin-Williams, 69% recommend “buy,” 31% recommend “hold,” and none recommend “sell.” Over the past three months, analysts have been conservative and scaled down its target price from $460 to $445.60, which implies 15.9% growth from its May 23 closing price of $384.50.