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Royal Bank of Canada (RY.TO)

RY.TO on Toronto Stock Exchange

93.08CAD
10 Jul 2020
Change (% chg)

$1.81 (+1.98%)
Prev Close
$91.27
Open
$91.24
Day's High
$93.16
Day's Low
$91.24
Volume
5,997,691
Avg. Vol
4,961,238
52-wk High
$109.68
52-wk Low
$72.00

Latest Key Developments (Source: Significant Developments)

RBC Global Asset Management Inc. Announces June Sales Results For RBC Funds, Ph&N Funds And Bluebay Funds
Tuesday, 7 Jul 2020 

July 7 (Reuters) - Royal Bank of Canada ::RBC GLOBAL ASSET MANAGEMENT INC. ANNOUNCES JUNE SALES RESULTS FOR RBC FUNDS, PH&N FUNDS AND BLUEBAY FUNDS.RBC GLOBAL ASSET MANAGEMENT - JUNE MUTUAL FUND NET SALES OF $1.1 BILLION.  Full Article

RBC Global Asset Management Says May Mutual Fund Assets Under Management Up By 2.4%
Thursday, 4 Jun 2020 

June 4 (Reuters) - Royal Bank of Canada ::RBC GLOBAL ASSET MANAGEMENT INC. ANNOUNCES MAY SALES RESULTS FOR RBC FUNDS, PH&N FUNDS AND BLUEBAY FUNDS.RBC GLOBAL ASSET MANAGEMENT - MAY MUTUAL FUND NET SALES OF $807 MILLION.RBC GLOBAL ASSET MANAGEMENT - MAY MUTUAL FUND ASSETS UNDER MANAGEMENT INCREASED BY 2.4%.  Full Article

RBC Sees Provisions For Impaired Loans To Trend Higher Toward End Of 2020, Early 2021
Wednesday, 27 May 2020 

May 27 (Reuters) - Royal Bank of Canada ::RBC CEO SAYS WHILE HOUSING MARKET RECOVERY WILL BE GRADUAL AT FIRST, RISK OF A SHARP NEAR-TERM PRICE DECLINE IS LOW - CONF CALL.ROYAL BANK OF CANADA STRESS TESTS SHOW EVEN UNDER SEVERE SCENARIO, CAPITAL WILL REMAIN ABOVE MINIMUM LEVELS, CAN CONTINUE PAYING DIVIDEND - CONF CALL.RBC SAYS ABOUT 90% OF Q2 OIL & GAS PROVISIONS WERE RELATED TO COMPANIES STRUGGLING TO RECOVER FROM 2015 DOWNTURN - CONF CALL.RBC EXPECTS ELEVATED DELINQUENCIES, INSOLVENCIES WHEN CLIENT RELIEF PROGRAMS WIND DOWN - CONF CALL.RBC EXPECTS WEAK ECONOMIC OUTLOOK TO HIT CREDIT CARDS, PERSONAL LENDING PORTFOLIOS MORE ACUTELY - CONF CALL.RBC EXPECTS PROVISIONS FOR IMPAIRED LOANS TO TREND HIGHER TOWARD END OF 2020 AND EARLY 2021 - CONF CALL.RBC EXPECTS FY2020 MORTGAGE ORIGINATIONS AT 80-85% OF FY2019; SEES NATIONAL HOME PRICES DOWN 7%, RECOVERY TO TAKE ABOUT TWO YEARS - CONF CALL.RBC SAYS ROE TO BE SUPPRESSED AS RISK-WEIGHTED ASSETS REMAIN ELEVATED, BUT WILL RETURN TO PRE-COVID LEVELS IN 2022 - CONF CALL.  Full Article

Royal Bank Of Canada Reports Q2 Earnings Per Share C$1.00
Wednesday, 27 May 2020 

May 27 (Reuters) - Royal Bank of Canada ::ROYAL BANK OF CANADA REPORTS SECOND QUARTER 2020 RESULTS.Q2 EARNINGS PER SHARE C$1.00.Q2 EARNINGS PER SHARE ESTIMATE C$1.59 -- REFINITIV IBES DATA.ROYAL BANK OF CANADA - CHALLENGES BROUGHT ON BY COVID-19 LED TO INCREASED PROVISION FOR CREDIT LOSSES OF $2.83 BILLION, UP $2.40 BILLION FROM LAST YEAR.ROYAL BANK OF CANADA - QTRLY PERSONAL & COMMERCIAL BANKING NET INCOME OF $532 MILLION DECREASED 66% FROM A YEAR AGO.ROYAL BANK OF CANADA - QTRLY WEALTH MANAGEMENT NET INCOME OF $424 MILLION DECREASED 28% FROM A YEAR AGO.ROYAL BANK OF CANADA - AS AT APRIL 30, 2020, CET1 RATIO WAS 11.7%, DOWN 30 BPS FROM LAST QUARTER.ROYAL BANK OF CANADA -INCREASED PROVISIONS UNFAVOURABLY IMPACTED Q2 RESULTS IN PERSONAL & COMMERCIAL BANKING, CAPITAL MARKETS AND WEALTH MANAGEMENT.ROYAL BANK OF CANADA - FOR QUARTER ENDED APRIL 30, 2020, AVERAGE LCR WAS 130%.ROYAL BANK OF CANADA - IN PERSONAL & COMMERCIAL BANKING, NET INCOME DOWN 68% VERSUS LAST QUARTER, REFLECTING HIGHER PCL ON PERFORMING ASSETS DUE TO COVID-19.  Full Article

RBC Says Employee In Manhattan Tested Positive For Coronavirus- Bloomberg News
Thursday, 12 Mar 2020 

March 12 (Reuters) - :RBC SAYS EMPLOYEE IN MANHATTAN TESTED POSITIVE FOR CORONAVIRUS- BLOOMBERG NEWS.  Full Article

RBC's Priority Is To Grow U.S. Private Client And City National Franchises
Friday, 21 Feb 2020 

Feb 21 (Reuters) - Royal Bank of Canada ::RBC'S PRIORITY IS TO GROW U.S. PRIVATE CLIENT AND CITY NATIONAL FRANCHISES-CONF CALL.RBC- WE ARE ALSO INCREASINGLY FOCUSED ON LEVERAGING OUR STRENGTHS TO BOOST CITY NATIONAL'S DIGITAL BANK OFFERINGS-CONF CALL.RBC INVESTMENT BANKING PIPELINE HEALTHY BUT CONVERSION OF DEALS TO REVENUE DEPENDS ON MARKET CONDITIONS THAT REMAIN VOLATILE OVER GEOPOLITICAL, CORONAVIRUS CONCERNS-CONF CALL.RBC- NET INTEREST MARGINS COULD DECLINE FURTHER 3-5 BASIS POINTS IN FY2020 ON COMPRESSED SPREADS ON MORTGAGES-CONF CALL.RBC SEES INCREASED PRESSURE ON OPERATING LEVERAGE IN SECOND HALF DUE TO UPCOMING CHANGES IN CREDIT CARD LANDSCAPE, PRESSURE ON LOAN, DEPOSIT SPREADS-CONF CALL.RBC EXPECTS SEASONALLY LOWER EARNINGS NEXT QUARTER AND HOPE TO SEE INCREASING LEVELS OF PROFITABILITY TOWARDS THE END OF 2020 AND INTO 2021-CONF CALL.RBC SAYS CHANGE TO MORTGAGE STRESS TEST BENCHMARK TO TRANSLATE INTO 'FAIRLY SMALL INCREASE' IN PURCHASE POWER FOR AVERAGE BORROWER - CONF CALL.RBC SAYS NO IMPACT SO FAR OF CORONAVIRUS, CANADA RAIL BLOCKADES ON BUSINESS BUT MONITORING SITUATION - CONF CALL.RBC PLANS TO LAUNCH DIRECT-TO-CONSUMER BANK IN US LATE THIS YEAR/EARLY NEXT YEAR FOR HIGH-NET-WORTH CLIENTS - CONF CALL.  Full Article

Royal Bank Of Canada Reports Qtrly Earnings Per Share $2.40
Friday, 21 Feb 2020 

Feb 21 (Reuters) - Royal Bank of Canada ::REPORTS FIRST QUARTER 2020 RESULTS.QTRLY EARNINGS PER SHARE $2.40.CET1 RATIO OF 12.0% IN QUARTER.QTRLY PERSONAL & COMMERCIAL BANKINGNET INCOME OF $1.69 BILLION INCREASED 7% FROM LAST YEAR.QTRLY WEALTH MANAGEMENTNET INCOME OF $623 MILLION INCREASED 4% FROM A YEAR AGO.Q1 EARNINGS PER SHARE VIEW C$2.30 -- REFINITIV IBES DATA.QTRLY NET INCOME OF $3.51 BILLION, UP 11%.QTRLY ROE OF 17.6%, UP 90 BPS.  Full Article

Royal Bank Of Canada Announces November Mutual Fund Net Sales Of $1.1 Bln
Thursday, 5 Dec 2019 

Dec 5 (Reuters) - Royal Bank of Canada ::RBC GLOBAL ASSET MANAGEMENT INC. ANNOUNCES NOVEMBER SALES RESULTS FOR RBC FUNDS, PH&N FUNDS AND BLUEBAY FUNDS.ROYAL BANK OF CANADA - ANNOUNCED NOVEMBER MUTUAL FUND NET SALES OF $1.1 BILLION.  Full Article

Maryann Turcke To Be Appointed To Board Of Directors Of Royal Bank Of Canada
Wednesday, 4 Dec 2019 

Dec 4 (Reuters) - Royal Bank of Canada ::MARYANN TURCKE TO BE APPOINTED TO THE BOARD OF DIRECTORS OF ROYAL BANK OF CANADA.ROYAL BANK OF CANADA - TURCKE IS CHIEF OPERATING OFFICER OF NATIONAL FOOTBALL LEAGUE.  Full Article

RBC Saw Many Large Marquee Deals Move From Q42019 To Q12020, So Has Strong Backlog For Capital Markets Unit-CFO
Wednesday, 4 Dec 2019 

Dec 4 (Reuters) - Royal Bank of Canada ::ROYAL BANK OF CANADA CUTS LESS THAN 200 JOBS IN INVESTOR & TREASURY SERVICES IN EUROPE, MOVING HEAD COUNT TO MALAYSIA-CFO ROD BOLGER.RBC SAW MANY LARGE MARQUEE DEALS MOVE FROM Q42019 TO Q12020, SO HAS STRONG BACKLOG FOR CAPITAL MARKETS UNIT-CFO.  Full Article

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RBC commits C$150 million to diversity push, aims for more minority executives

(This July 6 story corrects to say Canadian Imperial Bank of Commerce has one black board director instead of "none of the top six banks had either a Black CEO or a board member")