Royal Bank of Canada(US:RY)2024-12-04 13:19Financial Performance Highlights - Royal Bank of Canada's diluted earnings per share (EPS) were $2.91, a 5% year-over-year increase[9], while adjusted diluted EPS grew by 16% to $3.07[9] - The company achieved record Q4 Capital Markets revenue of $2.9 billion[9] - All-bank operating leverage was positive, with a 6.9% increase reported and a 4.3% increase on an adjusted basis[9] - Return on Equity (ROE) was 14.3% reported and 15.1% adjusted[9] Business Segment Performance - Personal Banking saw loan growth of 4% and commercial banking loan growth of 12% (excluding HBCA)[9] - Wealth Management client asset growth was 24% year-over-year[9] - Canadian Banking's loan to deposit (LTD) ratio was 98%[9] Capital Management - The bank's CET1 ratio stood at 13.2%[9] - Share buybacks involved 408,000 shares for $67 million[9] - The dividend increased by $0.06 or 4% quarter-over-quarter[9] HSBC Bank Canada (HBCA) Acquisition - Targeted cost synergies from the HBCA acquisition are $740 million[9], with $224 million achieved year-to-date[9] - Approximately 55% of the stated target cost synergies have been achieved on a run-rate annualized basis[9]