Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Royal Bank despite higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Royal Bank is expected to report quarterly earnings of $2.36 per share, reflecting a year-over-year decrease of 0.8%, while revenues are projected to be $11.59 billion, an increase of 8.5% from the previous year [3]. - The consensus EPS estimate has been revised 0.85% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP for Royal Bank is +1.06%, suggesting analysts are optimistic about the company's earnings prospects [12]. - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. Historical Performance - In the last reported quarter, Royal Bank's expected earnings were $2.25 per share, but it reported $2.20, resulting in a surprise of -2.22% [13]. - Over the past four quarters, Royal Bank has surpassed consensus EPS estimates three times [14]. Industry Comparison - Bank of Nova Scotia is expected to report earnings of $1.28 per share, indicating a year-over-year increase of 7.6%, with revenues projected at $6.86 billion, up 12.4% from the previous year [18]. - The consensus EPS estimate for Bank of Nova Scotia has been revised 0.8% higher, but its Earnings ESP is 0%, making it challenging to predict an earnings beat [19].

Group 1 - Royal Bank of Canada (RY) and Bank of Montreal (BMO) are considering the sale of their joint venture Moneris, potentially valuing the business at approximately $2 billion [1][8] - Moneris, established in 2000, is one of Canada's largest payment processors, handling about one-third of all business transactions in the country and generating around $700 million in annual revenues [2][8] - The decision to sell Moneris is not finalized, and RY and BMO may opt to retain part or all of the business [2] Group 2 - The North American payments industry has seen rapid digitization, prompting many banks to divest their payments operations, with buyers often being payments companies or private equity firms attracted to the recurring revenue [3] - Recent collaborations in the industry include Fiserv Inc. partnering with TD Bank Group to enhance TD's merchant business and acquiring part of TD's merchant processing operations in Canada [4] Group 3 - Year-to-date, shares of RY and BMO have increased by 13.2% and 16.5%, respectively, which is below the industry's growth of 35.2% [5] - Both RY and BMO currently hold a Zacks Rank of 3 (Hold) [6]

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Group 1 - The Royal Bank of Canada has significantly raised the target price for Reddit from $125 to $210 [1]

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金十数据7月31日讯，LSEG数据显示，投资者预计英国央行8月7日降息至4.0%的可能性为82%。加拿大 皇家银行资本市场策略师在一份报告中表示，我们预计英国央行将以8比1的投票结果通过降息决定，其 中8人支持降息，1人支持维持利率不变。 加皇：预计英国央行下周将降息 ...

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Core Viewpoint - The Royal Bank of Canada anticipates that the Bank of Canada will maintain interest rates unchanged in the upcoming meeting due to sticky inflation, a resilient economy, and stronger fiscal spending [1] Economic Conditions - Trade tensions are escalating, and Canadian economic data remains weak [1] - The labor market showed signs of bottoming out in June, with a partial recovery in the confidence index that had plummeted in March [1] - The USMCA (United States-Mexico-Canada Agreement) allows most Canadian exports to enter the US duty-free, which is crucial for Canada [1] Inflation and Monetary Policy - Recent inflation reports have unexpectedly risen, primarily driven by pressures from the domestic service sector [1] - The combination of sticky inflation data, a weak yet relatively resilient economic backdrop, and the prospect of increased fiscal spending are reasons why the Bank of Canada is unlikely to cut rates again in this cycle [1]