Royal Bank of Canada (NYSE:RY) Annual Scotiabank Financials Summit September 4, 2024 9:35 AM ET Company Participants Dave McKay - President and Chief Executive Officer Conference Call Participants Meny Grauman - Scotiabank Meny Grauman Welcome, Dave. Good to see you. Dave McKay You got that a bit close. Good morning. Meny Grauman Hope you had a good summer? Dave McKay Year goes by quickly. Meny Grauman That's right. We're back here. I wanted to start off by getting you to give me a pep talk about Canada. Da ...

Shares of Royal Bank of Canada (RY) gained 2.4% since the release of its third-quarter fiscal 2024 (ended July 31) results. Adjusted net income of C$4.73 billion ($3.45 billion) grew 18% from the prior-year quarter. Results reflected the impacts of the specified item relating to the HSBC Canada deal and integration costs, and the amortization of acquisition-related intangibles. RY's quarterly results were aided by higher revenues, and growth in loans and deposit balances. However, an increase in expenses an ...

Key Takeaways The Royal Bank of Canada reported third-quarter earnings above analysts' estimates, sending its stock to a record high Wednesday. The bank saw profits increase in its personal banking and wealth management divisions. By contrast, several of RBC's Canadian banking peers missed estimates or reported falling profits or revenue in recent weeks. Royal Bank of Canada (RY) shares rose to a record high Wednesday after the bank reported earnings above analysts' estimates, thanks to growing profits in i ...

Royal Bank of Canada (NYSE:RY) Q3 2024 Earnings Conference Call August 28, 2024 8:00 AM ET Company Participants Asim Imran - Senior Vice President, Head of Investor Relations David McKay - President and Chief Executive Officer Katherine Gibson - Interim Chief Financial Officer Graeme Hepworth - Chief Risk Officer Neil McLaughlin - Group Head, Personal and Commercial Banking Derek Neldner - Group Head, Capital Markets Doug Guzman - Group Head, Wealth Management and Insurance Conference Call Participants Ebra ...

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 of Canada Third Quarter Results August 28, 2024 All amounts are in Canadian dollars unless otherwise indicated and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Effective November 1, 2023, we adopted IFRS 17 Insurance Contracts (IFRS 17) and comparative amounts have been restated from those previously presented. Totals may not add and percentage changes may not reflect actual changes due to r ...

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 ...

Royal Bank of Canada's ex-CFO Nadine Ahn is suing the bank for $36 million after she was fired over allegations that she was having an affair with another employee – which she denies – and giving him preferential treatment. Ahn claims that she suffered "public humiliation" and "palpable reputational harm," according to the lawsuit filed in the Ontario Superior Court of Justice. The largest Canadian bank said Ahn was fired on April 5 after an investigation found "irrefutable evidence" that she violated the b ...

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 ( ...