Royal Bank (RY) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $2.13 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 10.70%. A quarter ago, it was expected that this bank would post earnings of $2.03 per share when it actually produced earnings of $2.15, delivering a surprise of 5.91%. Over the last four quarters, the company has surpas ...

Royal Bank (RY) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 28, 2024, might help the stock move higher if these key numbers are better than expect ...

Core Viewpoint - The Royal Bank of Canada (RBC) is facing a lawsuit from its former CFO Nadine Ahn for $36 million, following her termination over alleged misconduct related to a personal relationship with another employee, which she denies [1][2]. Group 1: Allegations and Lawsuit - Nadine Ahn claims she was wrongfully terminated and suffered "public humiliation" and "palpable reputational harm" due to the allegations against her [1][2]. - RBC stated that Ahn was fired after an investigation found "irrefutable evidence" of her violating the bank's code of conduct, specifically regarding her relationship with Ken Mason, who was also terminated [2][6]. - Ahn asserts that her relationship with Mason was a long-standing friendship and not romantic, countering the bank's claims of preferential treatment [3][5]. Group 2: Investigation and Response - RBC initiated an investigation after receiving allegations against Ahn in March, and they engaged outside legal counsel to conduct the inquiry [6][7]. - The bank's spokesperson has stated that the claims made by Ahn are "without merit" and that RBC will defend itself vigorously in court [6][8]. Group 3: Financial Implications - Ahn's compensation in 2023 was approximately $3 million, which included a salary of about $475,000 and over $2.5 million in bonuses and stock awards, reflecting a 25% increase from the previous year [9]. - RBC's policy indicates that executives terminated for cause are not entitled to severance and may have to forfeit bonuses, although it is unclear if Ahn will have to return any of her earnings [9]. Group 4: Interim Leadership - Following Ahn's termination, RBC appointed Katherine Gibson as the interim CFO, who has over two decades of experience with the bank [10].

Royal Bank in Focus Based in Toronto, Royal Bank (RY) is in the Finance sector, and so far this year, shares have seen a price change of 10.35%. Currently paying a dividend of $1.02 per share, the company has a dividend yield of 3.66%. In comparison, the Banks - Foreign industry's yield is 4.44%, while the S&P 500's yield is 1.56%. Taking a look at the company's dividend growth, its current annualized dividend of $4.08 is up 3% from last year. Royal Bank has increased its dividend 5 times on a year-over-yea ...

During the reported quarter, RY completed the previously announced deal to acquire HSBC Bank Canada for C$13.5 billion. Results were driven by higher revenues and loans and deposit balances. However, an increase in expenses and provisions acted as a headwind. Revenues Improve, Expenses Rise Total revenues were C$14.15 billion ($10.43 billion), up 14% year over year. Net interest income (NII) was C$6.62 billion ($4.88 billion), growing 9% from the prior-year quarter. Non- interest income was C$7.53 billion ( ...

Company Participants Conference Call Participants Operator Good morning, ladies and gentlemen and welcome to RBC's 2024 Second Quarter Financial Results Conference Call. Please be advised that this call is being recorded. I would now like to turn the meeting over to Asim Imran, Head of Investor Relations. Please go ahead, Mr. Imran. Thank you, and good morning, everyone. Speaking today will be Dave McKay, President & Chief Executive Officer; Katherine Gibson, Interim Chief Financial Officer; and Graeme Hepw ...

(1) This is a non-GAAP measure. See note 3 on slide 45. (2) This is a non-GAAP measure. See note 1 on slide 45. (3) See note 4 on slide 45. (4) This is a non-GAAP measure. See note 5 on slide 45. (5) This is a non-GAAP measure. See note 6 on slide 45. (6) This is a non-GAAP measure. See note 2 on slide 45. (7) See note 7 on slide 45. (8) This is a non-GAAP measure. See note 8 on slide 45. CET1(1) Movement 590.3 653.7 44.1 7.2 4.1 3.3 4.7 Q1/2024 (3) HBCA Transaction Credit & Op Risk (Excluding FX) Market Ri ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Royal Bank (RY) reports results for the quarter ended April 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 30. On the o ...

Royal Bank of Canada (NYSE:RY) National Bank Financial's 22nd Annual Financial Services Conference March 26, 2024 9:10 AM ET Company Participants Derek Neldner - CEO and Group Head Conference Call Participants Gabriel Dechaine - National Bank Financial Operator Question-and-Answer Session Operator [Operator Instructions] …maybe jump into that one right away. What does that involve, the new responsibility? And I guess there have been a lot of, let's say, changes at CNB taking place over the past year plus. W ...

Royal Bank of Canada (NYSE:RY) RBC Capital Markets Global Financial Institutions Conference March 5, 2024 8:00 AM ET Company Participants Venkat Badinehal - Head, US Financial Institutions Group Derek Neldner - Chief Executive Officer & Group Head, RBC Capital Markets Dave McKay - President & Chief Executive Officer Conference Call Participants Venkat Badinehal Good morning, everyone. On behalf of RBC, I wanted to thank everyone for being here. We always -- last meeting I had last year at the conference the ...