Previous close | 108.40 |
Open | 109.25 |
Bid | 108.33 x 900 |
Ask | 109.97 x 800 |
Day's range | 107.46 - 109.46 |
52-week range | 77.90 - 109.47 |
Volume | |
Avg. volume | 1,087,936 |
Market cap | 154.464B |
Beta (5Y monthly) | 0.83 |
PE ratio (TTM) | 13.74 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 4.14 (3.79%) |
Ex-dividend date | 25 Jul 2024 |
1y target est | N/A |
Royal Bank of Canada (RBC) said on Thursday the investment banking environment looked promising after the country's biggest bank surpassed profit expectations, driven by its capital market business. Canadian Imperial Bank of Commerce, the country's fifth-largest bank by asset value, also beat profit expectations on capital markets strength and as it set aside smaller than expected funds for potential loan losses. The resurgence in merger and acquisition activity after a long lull as interest rates soared, has helped Canadian banks' capital markets businesses in recent quarters, even as loan loss provisions limit profits.
Over the past year, the Canadian market has shown robust growth with a 13% increase, despite a recent flat performance over the last week. In this context, dividend stocks like National Bank of Canada can be appealing for their potential to provide investors with steady income streams in addition to capital appreciation opportunities.
With the bulk of first-quarter earnings reports in the bag, the focus shifts to reading between the lines at corporate conferences