Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, and reinsurance advice and solutions; and creditor and business insurance services to individual, business, and group clients through its field sales force, advice centers, and online, as well as through independent insurance advisors and affinity relationships. Its Investor & Treasury Services segment provides asset, cash management, transaction banking, and treasury services to institutional clients; correspondent banking and trade finance services for financial institutions; and short-term funding and liquidity management services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, sale, and trading services for corporations, institutional investors, asset managers, governments, and central banks. Royal Bank of Canada has a strategic partnership with Royal College Of Physicians & Surgeons Of Canada to support the needs of Canada's medical specialists. The company was founded in 1864 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NYSE
Website: rbc.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/21/2024 | Equal Weight → Overweight | Barclays | |
11/15/2024 | Buy → Hold | TD Securities | |
7/2/2024 | Buy | UBS | |
5/13/2024 | Hold → Buy | Jefferies | |
4/5/2024 | Market Perform → Outperform | BMO Capital Markets | |
3/20/2024 | Equal Weight | Barclays | |
2/22/2024 | Hold | Jefferies | |
12/18/2023 | Buy | Canaccord Genuity | |
12/18/2023 | Neutral → Buy | BofA Securities | |
5/16/2023 | $4.00 | Sector Outperform → Neutral | CIBC |
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TORONTO, March 20, 2025 /CNW/ - Graeme Hepworth, Chief Risk Officer, Royal Bank of Canada (TSX:RY) (NYSE:RY), is scheduled to speak at National Bank Financial's 23rd Annual Financial Services Conference on March 25, 2025. The webcast will begin at 9:00 a.m. (ET). A link to the live webcast will be available on RBC's website at http://www.rbc.com/investorrelations/events-presentations.html on March 25, 2025. The webcast will be archived for three months. About RBCRoyal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering
Volatile markets causing concernsInvestors encouraged to avoid making reactive decisionsKey advice: Stick to your plan, focus on what matters most TORONTO, March 19, 2025 /CNW/ - Canadians are looking to investments to help them become financially independent, but are worried about the potential impact of ongoing market turbulence on their ability to build enough savings to reach this goal. "It's hard to put a value on the confidence and reassurance that having a financial plan is bringing to Canadians."According to the annual RBC Financial Independence Poll, Canadians estimat
TORONTO, March 18, 2025 /CNW/ - Graeme Hepworth, Chief Risk Officer, Royal Bank of Canada (TSX:RY) (NYSE:RY), is scheduled to speak at National Bank Financial's 23rd Annual Financial Services Conference on March 25, 2025. This conference is not a live webcast event. A recording of the event will be available on RBC's website at http://www.rbc.com/investorrelations/events-presentations.html on March 25, 2025 by 6:00 p.m. (ET). The webcast will be archived for three months. About RBCRoyal Bank of Canada is a global financial institution with a purpose-driven, principles-led appr
TORONTO, Jan. 7, 2025 /CNW/ - Royal Bank of Canada (TSX:RY) (NYSE:RY) will host an Investor Day on Thursday, March 27, 2025, with presentations given by Dave McKay, president and chief executive officer, and members of the executive management team. A live webcast and presentation slides will be posted on the day of the event to https://www.rbc.com/investor-relations/events-and-presentations.html. Dial-in information and a more detailed agenda will be provided at a later date. About RBCRoyal Bank of Canada is a global financial institution with a purpose-driven, principles-led
TORONTO, March 14, 2025 /CNW/ - RBC's 2024 Public Accountability Statement is now available at rbc.com/esgreporting. In accordance with Canadian federal regulations, this document outlines our contribution to the economy and society in Canada, which are key measures supporting RBC's Purpose to help clients thrive and communities prosper. About RBC Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 98,000+ employees who leverage their imaginations and insights to bri
TORONTO, March 12, 2025 /CNW/ - RBC Royal Bank is decreasing its prime rate by 25 basis points from 5.20 per cent per cent to 4.95 per cent per cent, effective March 13, 2025. About RBC Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 98,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing excep
96% of Quebecers have seen more targeted and sophisticated scamsAlmost three-in-five have received personalized fraud attemptsAlmost one-third admit to letting their guard downTORONTO, March 10, 2025 /CNW/ - A majority of Quebecers are feeling 'fraud fatigue' and increasingly vulnerable as fraud becomes more personalized. According to RBC's annual Fraud Prevention Month Poll, almost all respondents in Quebec (96%) have seen more targeted and sophisticated scams, with nearly nine out of 10 (88%) noting a rise in scam attempts more than ever before (up from 71% in 2023). In addi
98% of Canadians have seen more targeted and sophisticated scamsAlmost two-thirds have received personalized fraud attemptsOne-third admit to letting their guard downTORONTO, March 10, 2025 /CNW/ - A majority of Canadians are feeling 'fraud fatigue' and increasingly vulnerable as fraud becomes more personalized. According to RBC's annual Fraud Prevention Month Poll, almost all respondents (98%) have seen more targeted and sophisticated scams, with nearly nine out of 10 (89%) noting a rise in scam attempts more than ever before (up from 77% in 2023). In addition, the majority (
TORONTO, March 6, 2025 /CNW/ - Royal Bank of Canada (TSX:RY) (NYSE:RY) today announced it has filed its notice of annual and special meeting of common shareholders and management proxy circular for 2025 with securities regulators. The circular contains information about RBC's annual and special meeting, which is scheduled to occur on April 10, 2025, including (i) the election of directors, (ii) the appointment of the bank's auditor, (iii) the approval of certain amendments to the bank's stock option plan and (iv) approval of an amendment to by-law two regarding increasing the
TORONTO, Feb. 28, 2025 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced February 2025 cash distributions for unitholders of ETF Series of RBC Funds, as follows: FUND NAME FUND TICKER CASH DISTRIBUTION PER UNIT RBC Canadian Equity Income Fund - ETF Series RCEI $0.062 Unitholders of record on March 7, 2025, will receive distributions payable on March 14, 2025. For further information regarding ETF Series of RBC Funds, please visit www.rbcgam.com/etfsolutions. Commissions, management fees and expenses all may be associated with investments in mutual funds
TORONTO, Feb. 27, 2025 /CNW/ - Royal Bank of Canada (TSX:RY) (NYSE:RY) announced today that its board of directors has declared a quarterly common share dividend of $1.48 per share, payable on or after May 23, 2025, to common shareholders of record at the close of business on April 24, 2025. The board also declared dividends for the following Non-Cumulative First Preferred Shares, payable on or after May 23, 2025, to shareholders of record at the close of business on April 24, 2025. Series BD Dividend No. 41 of $0.20 per share.Series BF Dividend No. 40 of $0.1875
All amounts are in Canadian dollars and are based on financial statements presented in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our Q1 2025 Report to Shareholders and Supplementary Financial Information are available at http://www.rbc.com/investorrelations and on https://www.sedarplus.com/. Net income$5.1 BillionUp 43% YoY Diluted EPS1$3.54Up 42% YoY Total PCL1$1,050 MillionPCL on loans ratio1up 7 bps1 QoQ ROE116.8%Up 370 bps YoY CET1 ratio213.2%Above regulatory requirements Adjusted net income3$5.3 BillionUp 29% YoY Adjusted diluted EPS3$3.62Up 27% YoY Total ACL1$6.9 BillionACL on loans ratio1up 4 bps QoQ
TORONTO, Feb. 3, 2025 /CNW/ - Royal Bank of Canada (TSX:RY) (NYSE:RY) will release its first quarter results for 2025 on February 27, which will be made available at rbc.com/investorrelations. Financial results are expected to be released at approximately 6:00 a.m. Eastern Standard Time (EST). The conference call is scheduled for 8:30 a.m. (EST) and will feature a presentation by RBC executives followed by a question and answer period with analysts. An audiocast of the call is available on a listen-only basis at: rbc.com/investorrelations/quarterly-financial-statements.html or
NEW YORK, NY / ACCESSWIRE / January 14, 2025 / Aegis Capital Corp. (www.aegiscapcorp.com) a full-service wealth management, financial services and investment banking firm, is pleased to announce Manuel Rose has joined the firm as a Managing Director.Manuel "Manny" Rose is a seasoned wealth management professional with over 12 years of experience as a financial professional. Manuel began his career in the financial services industry with Merrill Lynch, Pierce, Fenner & Smith Inc., and spent the last five years with Morgan Stanley prior to joining Aegis Capital. Manuel's true passion is helping families and business owners prepare for the retirement lifestyle they have dreamed about and to pro
TORONTO, Dec. 19, 2024 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced updated estimated 2024 annual reinvested capital gains distribution amounts for unitholders of RBC ETFs and ETF Series of RBC Funds. Please note that these are estimated amounts only, as of December 13, 2024. The estimates could change if the RBC ETFs or ETF Series of RBC Funds, as applicable, experience subscriptions or redemptions prior to the ex-dividend date or for other unforeseen factors. The annual capital gains distributions for the RBC ETFs and ETF Series of RBC Funds gene
TORONTO, Dec. 4, 2024 /CNW/ - Royal Bank of Canada (TSX:RY) (NYSE:RY) announced today that its board of directors has declared an increase to its quarterly common share dividend of six cents, or four per cent, to $1.48 per share, payable on and after February 24, 2025, to common shareholders of record at the close of business on January 27, 2025. The board also declared dividends for the following Non-Cumulative First Preferred Shares, payable on and after February 24, 2025, to shareholders of record at the close of business on January 27, 2025. Series BD Dividend No. 40 of
All amounts are in Canadian dollars and are based on our audited Annual and unaudited Interim Consolidated Financial Statements for the year and quarter ended October 31, 2024 and related notes prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board, unless otherwise noted. Effective November 1, 2023, we adopted IFRS 17 Insurance Contracts (IFRS 17). Comparative amounts have been restated from those previously presented. Our 2024 Annual Report (which includes our audited Annual Consolidated Financial Statements and accompanying Management's Discussion & Analysis), our 2024 Annual Information Form and our Supplem
TORONTO, Nov. 1, 2024 /CNW/ - Royal Bank of Canada (TSX:RY) (NYSE:RY) will release its fourth quarter and fiscal 2024 results on December 4, which will be made available at rbc.com/investorrelations. Financial results are expected to be released at approximately 6:00 a.m. Eastern Standard Time (EST). The conference call is scheduled for 8:00 a.m. (EST) and will feature a presentation by RBC executives followed by a question and answer period with analysts. An audiocast of the call is available on a listen-only basis at: rbc.com/investorrelations/quarterly-financial-statements.
TORONTO, Oct. 17, 2024 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced October 2024 cash distributions for unitholders of RBC ETFs, as follows: FUND NAME FUNDTICKER CASHDISTRIBUTIONPER UNIT RBC 1-5 Year Laddered Canadian Bond ETF RLB $0.060 RBC 1-5 Year Laddered Canadian Corporate Bond ETF RBO $0.070 RBC Target 2025 Canadian Government Bond ETF RGQN $0.035 RBC Target 2026 Canadian Government Bond ETF RGQO $0.035 RBC Target 2027 Canadian Government Bond ETF RGQP $0.040 RBC Target 2028 Canadian Government Bond ETF RGQQ $0.056 RBC Target 2029 Canadian Go
TORONTO, Oct. 1, 2024 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced that it intends to split units of RBC Quant U.S. Dividend Leaders ETF (TSX:RUD), and RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF (TSX:RUDH) (each, an "RBC ETF"), both of which are listed on the Toronto Stock Exchange ("TSX"). Each unit split will be payable on October 15, 2024 (the "Payment Date"), to unitholders of record of the applicable RBC ETF on October 11, 2024 (the "Record Date"). The units of each RBC ETF will trade on a "due bill" basis, as described below, from the o
Barclays upgraded Royal Bank of Canada from Equal Weight to Overweight
TD Securities downgraded Royal Bank of Canada from Buy to Hold
UBS initiated coverage of Royal Bank of Canada with a rating of Buy
Jefferies upgraded Royal Bank of Canada from Hold to Buy
BMO Capital Markets upgraded Royal Bank of Canada from Market Perform to Outperform
Barclays initiated coverage of Royal Bank of Canada with a rating of Equal Weight
Jefferies initiated coverage of Royal Bank of Canada with a rating of Hold
Canaccord Genuity resumed coverage of Royal Bank of Canada with a rating of Buy
BofA Securities upgraded Royal Bank of Canada from Neutral to Buy
CIBC downgraded Royal Bank of Canada from Sector Outperform to Neutral and set a new price target of $4.00
TORONTO, March 6, 2025 /CNW/ - Royal Bank of Canada (TSX:RY) (NYSE:RY) today announced it has filed its notice of annual and special meeting of common shareholders and management proxy circular for 2025 with securities regulators. The circular contains information about RBC's annual and special meeting, which is scheduled to occur on April 10, 2025, including (i) the election of directors, (ii) the appointment of the bank's auditor, (iii) the approval of certain amendments to the bank's stock option plan and (iv) approval of an amendment to by-law two regarding increasing the
55% relying on being in a relationship to support their lifestyle62% arguing with their partner over finances77% stressing about moneyTORONTO, Dec. 12, 2024 /CNW/ - Canada's high cost of living is causing harsh financial realities for many couples, with more than half (55%) reporting they need to be in a relationship to pay for their lifestyle, according to the RBC 2024 Relationships & Money Poll. Money was called out as a source of stress by more than three-quarters (77%) of the couples who were polled, as well as the cause of arguments by three-in-five (62%). In addition, al
TORONTO, Sept. 12, 2024 /CNW/ - Royal Bank of Canada (TSX:RY) (NYSE:RY) today announced that Katherine Gibson has been appointed Chief Financial Officer, effective immediately. Ms. Gibson has served as Interim Chief Financial Officer since April 5, 2024. Prior to this, she was Senior Vice President, Enterprise Finance & Controller with global responsibility for head office Finance, including all external, board and management reporting, accounting policy and financial management systems. "Katherine is an outstanding senior executive with global financial insights and leadershi
RBC's latest contest, Red, will include WestJet flights or credit and accommodations for ticket winners across Canada TORONTO, May 23, 2024 /CNW/ - RBC is partnering with WestJet for upcoming select contests and giveaways that will provide flights or credit towards a future WestJet flight for lucky Avion Rewards members who win tickets to see Taylor Swift | The Eras Tour in Canada. RBC's latest contest, Red, is now open and giving away the chance to win 1 of 50 pairs of concert tickets. Additionally, contest winners across Canada will receive accommodations provided by RBC, plus flights to the Toronto or Vancouver shows, or credit towards a future flight courtesy of WestJet. Avion Rewards me
RBC appoints Katherine Gibson Interim Chief Financial Officer following the departure of Nadine Ahn TORONTO, April 5, 2024 /CNW/ - Royal Bank of Canada (TSX:RY) and (NYSE:RY) today announced the appointment of Katherine Gibson as Interim Chief Financial Officer (CFO). She succeeds Nadine Ahn whose employment was terminated by RBC earlier today, effective immediately. RBC was recently made aware of allegations involving Ms. Ahn and immediately launched an internal review and engaged outside legal counsel to investigate. The investigation found evidence that, in contravention of
All members can now earn and redeem Avion points, get cash back,access exclusive experiences and more TORONTO, March 11, 2024 /CNW/ - Avion Rewards, Canada's largest proprietary loyalty program, has launched expanded benefits for its newest membership level, Avion Select, free for all Canadians to join regardless of where they bank. Avion Select members can experience a wide breadth of program features, including up to 40% cash back deals, offers from over 2,400 retailers and brands, the ability to earn Avion points and redeem for virtually anything and much more. "Accessing v
TORONTO, March 7, 2024 /CNW/ - Royal Bank of Canada (TSX:RY) (NYSE:RY) today announced it has filed its notice of annual meeting of common shareholders and management proxy circular for 2024 with securities regulators. The circular contains information about RBC's annual meeting, which is scheduled to occur on April 11, 2024, including the election of directors and the appointment of the bank's auditor. It also contains a detailed description of the board's assessment of the performance of RBC named executive officers for fiscal 2023 and related compensation decisions. RBC is
Yabuki's Motive Partners role expands to include Chairman & CEO of InvestCloud, which sets the stage for the Company's next phase of growth InvestCloud (or "the Company"), a global provider of wealth and asset management solutions, today announced the appointment of Jeffery W. Yabuki ("Jeff") as Chairman and CEO. In this role, Jeff will lead InvestCloud's strategy and operations, with a key focus on excellence of client delivery. Jeff's leadership will further empower InvestCloud's clients and partners with its scalable technology platform. The Company is backed by Clearlake Capital Group, L.P. (together with certain of its affiliates, "Clearlake") and Motive Capital Management, LLC (toge
TORONTO, Sept. 14, 2023 /PRNewswire/ - RBC today announced the appointment of Greg Carmichael as executive chair of the board of directors of City National Bank, effective October 2, 2023. Mr. Carmichael will provide dedicated strategic oversight and board governance to City National as it strengthens its platform for the future as a leading U.S. private and commercial bank. "We're pleased to have an executive of Greg's calibre join City National, and are confident his strong track record of strategic, operational and technological success will help strengthen our foundation f
TORONTO, March 2, 2023 /CNW/ - Royal Bank of Canada (TSX:RY) (NYSE:RY) today announced it has filed its notice of annual and special meeting of common shareholders, notice of special meeting of first preferred shareholders and management proxy circular for 2023 with securities regulators. The circular contains information about RBC's shareholder meetings, which are scheduled to occur on April 5, 2023, including (i) the election of directors, (ii) the appointment of the bank's auditor, (iii) the approval of an amendment to the stock option plan to extend the exercise period of