|Bid||71.81 x 1000|
|Ask||71.82 x 800|
|Day's range||71.48 - 74.13|
|52-week range||49.55 - 82.74|
|Beta (5Y monthly)||0.72|
|PE ratio (TTM)||11.44|
|Earnings date||30 Nov 2016 - 05 Dec 2016|
|Forward dividend & yield||3.13 (4.45%)|
|Ex-dividend date||24 Jul 2020|
|1y target est||88.84|
TORONTO , June 5, 2020 /CNW/ - To help fight systemic anti-Black racism and to provide support directly to Black communities, RBC has committed CAD $1.5 million to a number of organizations in North America . "RBC colleagues around the world will not stand by silently as we witness the ongoing racial discrimination and injustice in our communities," said Dave McKay , President and Chief Executive Officer, RBC. RBC has a long-standing commitment to supporting marginalized communities, particularly youth as part of its Future Launch commitment.
RBC Global Asset Management Inc. announces May sales results for RBC Funds, PH&N Funds and BlueBay Funds
TORONTO , June 2, 2020 /CNW/ - A new world of possibilities has opened up for Canada's post-secondary educational institutions since their campuses closed down due to COVID-19, according to a new discussion paper from RBC. With more than two million college and university students learning on-line, and as many as 540,000 students completing their programs at a distance, the report's author Andrew Schrumm urges post-secondary institutions to develop new learning models to provide students with greater flexibility in where, when and how they learn.
TORONTO , June 1, 2020 /CNW/ - Healthcare workers are leading the way to help keep our communities safe, as we continue to battle COVID-19. Recognizing just how much the lives of our critical frontline workers have been disrupted in the service of others, RBC wants to say "thank you". In collaboration with local restaurants, food services companies and hotels, RBC is delivering prepared meals and essential groceries, and providing overnight hotel accommodations to hospital workers in communities across Canada that have been among the hardest hit by the pandemic.
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Royal Bank of Canada's (RY) Q2 results reflect lower revenues, elevated expenses and provisions, along with escalating loans and deposit balances.
A U.S. judge on Thursday said institutional investors, including BlackRock Inc <BLK.N> and Allianz SE's <ALVG.DE> Pacific Investment Management Co, can pursue much of their lawsuit accusing 15 major banks of rigging prices in the $6.6 trillion-a-day foreign exchange market. U.S. District Judge Lorna Schofield in Manhattan said the nearly 1,300 plaintiffs, including many mutual funds and exchange-traded funds, plausibly alleged that the banks conspired to rig currency benchmarks from 2003 to 2013 and profit at their expense. "This is an injury of the type the antitrust laws were intended to prevent," Schofield wrote in a 40-page decision.
TORONTO , May 28, 2020 /CNW/ - In recognition of healthcare workers and caregivers on the frontlines battling COVID-19 in communities across Canada , and to say thank you and provide some much needed relief, RBC and Marriott Bonvoy, Marriott International's travel program, have collaborated to offer up to 5,000 free room nights at hotels near hospitals. To implement this initiative, RBC and Marriott are working together to identify the hospitals most impacted in Ontario , Quebec and Alberta . Hospital administrators are coordinating overnight accommodations for their frontline healthcare workers at participating hotels near their hospitals.
Speaking today will be Dave McKay, President and Chief Executive Officer; Rod Bolger, Chief Financial Officer; and Graeme Hepworth, Chief Risk Officer. As noted on slide 1, our comments may contain forward-looking statements, which involve assumptions and have inherent risks and uncertainties.
Royal Bank of Canada and Bank of Montreal on Wednesday offered subdued outlooks after missing quarterly earnings expectations as they increased provisions more than six-fold to cover future loan losses due to the COVID-19 outbreak. While much of the spikes in provisions were for performing loans, they nevertheless point to banks' expectations for a surge in loan losses due to the pandemic. On Tuesday, Bank of Nova Scotia and National Bank of Canada also reported steep declines in profits.
Royal Bank (RY) delivered earnings and revenue surprises of -31.86% and -5.42%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
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 , May 27, 2020 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today reported net income of $1,481 million for the quarter ended April 30, 2020 , down $1,749 million or 54% from the prior year. The unprecedented challenges brought on by the COVID-19 pandemic led to increased provision for credit losses of $2,830 million , up $2,404 million from last year.
Royal Bank (RY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TORONTO , May 20, 2020 /CNW/ - Today, RBC announced a new virtual performance series, First Up with RBCxMusic that will support and promote emerging Canadian recording artists and musicians through the challenging circumstances caused by the COVID-19 pandemic. Musicians and recording artists who traditionally rely on income from paid performances continue to experience financial hardship with the suspension of live events. According to a recent survey by Music Canada and Connect Music Licensing, nearly half of artists reported they have lost more than 75% of their income since the crisis.
Let's see if Royal Bank of Canada (RY) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
Royal Bank of Canada announces results of NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shares Series BD conversion privileges
TORONTO , May 7, 2020 /CNW/ - While continuing to provide financial relief to thousands of Canadians coping with the impacts of COVID-19, RBC is also focusing on keeping seniors safe by helping them bank online with confidence. RBC has introduced customized support, including special services for seniors, reinforcing the message: be safe and stay home. In just a few weeks, digital enrollment by clients aged 60+ has grown significantly, as has adoption of electronic money transfers and online payments.
RBC Global Asset Management Inc. announces April sales results for RBC Funds, PH&N Funds and BlueBay Funds
RBC Investor & Treasury Services: Defined benefit pension plans lost ground in wake of steepest market selloff in recent history
TORONTO , April 24, 2020 /CNW/ - Today, RBC announced the availability of the Government of Canada's Business Development of Canada (BDC) Co-Lending Program. The BDC Co-Lending Program provides eligible business clients with a loan of up to $6.25 million CAD, jointly financed by RBC and BDC. The loan is intended to help eligible businesses impacted by COVID-19 with a boost in liquidity to cover critical business expenses such as rent, payroll and utilities to maintain operational continuity.