Royal Bank of Canada(RY)- NYSE
  • Wed, Aug. 24, 8:21 AM
    • Royal Bank of Canada (NYSE:RY) declares C$0.83/share quarterly dividend, 2.5% increase from prior dividend of C$0.81.
    • Forward yield 4.03%
    • Payable on and after Nov. 24; for shareholders of record Oct. 26; ex-div Oct. 24.
    | Wed, Aug. 24, 8:21 AM | 4 Comments
  • Wed, Aug. 24, 8:11 AM
    • Royal Bank of Canada (NYSE:RY): FQ3 EPS of C$1.72 beats by C$0.39.
    • Revenue of C$10.26B (+16.2% Y/Y) beats by C$2.99B.
    • Press Release
    | Wed, Aug. 24, 8:11 AM | 14 Comments
  • Wed, Aug. 24, 7:40 AM
    • FQ3 net income of $2.7B or $1.72 per share was up $0.06 per share from a year ago, and topped expectations by two cents. The quarterly dividend is lifted by two cents to $0.83 per share.
    • Provisions for credit losses as a percent of total loans fell twelve basis points during quarter to 0.24%.
    • In other divisions, wealth management net income rose 36% Y/Y to $388M, in part thanks to $5B purchase of L.A.-based "bank to the stars," City National.
    • Capital markets net income of $635M rose 17%.
    • RY flat premarket
    | Wed, Aug. 24, 7:40 AM
  • Tue, Aug. 23, 5:30 PM
    | Tue, Aug. 23, 5:30 PM | 1 Comment
  • Thu, Jul. 7, 1:26 PM
    • It's a strategy that may not pay off in better stock price performance, warns Canaccord.
    • Recent buys include CIBC's (CM -0.5%) just-announced $3.8B deal for Private Bancorp, and RBC's (RY -0.4%) $5.5B acquisition of City National last year.
    • The lenders could be forgiven for focusing on EPS as stock prices have tracked that measure far more closely than ROE. But, says Canaccord, research shows sacrificing ROE in order to juice EPS hasn't guaranteed superior share performance. Top performers, they say, deliver both better EPS growth and better ROE.
    | Thu, Jul. 7, 1:26 PM | 2 Comments
  • Wed, Jul. 6, 1:26 PM
    • Moneris U.S. is a division of Canadian payments processing giant Moneris Solutions, owned by Royal Bank of Canada (NYSE:RY) and Bank of Montreal (NYSE:BMO). The price could be somewhere near $600M.
    • Along with Vantiv (NYSE:VNTV), First Data Corp. (NYSE:FDC) has also shown interest, as have private equity shops like Warburg Pincus, Bain Capital, and SIlver Lake.
    • The P-E firms have also expressed interest in buying Moneris Solutions for as much as $6B, though that's not currently on the block.
    • Second round offers are due in about a week, according to the report.
    • A relatively small player in the U.S., Moneris U.S. generates about $45M in EBITDA.
    | Wed, Jul. 6, 1:26 PM | 1 Comment
  • Thu, May 26, 8:26 AM
    • FQ2 net income excluding items of $2.573B or $1.66 pr share vs. $2.394B and $1.61 a year ago. ROE of 16.2% down 230 basis points.
    • Personal & Commercial Banking net income of $1.297B up 8% Y/Y.
    • Wealth Management net income of $386M up 42%, thanks to the CIty National purchase.
    • Investor & Treasury Services net income of $139M down 13%.
    • Capital Markets net income of $583M down 7%, driven by lower client activity.
    • Gross impaired loans of $3.703B up 19% from last quarter thanks to energy loans. Provisions increased by a far smaller amount thanks to the seniority of the loans and the collateral received.
    • Previously: Royal Bank of Canada beats by C$0.02, beats on revenue (May 26)
    • RY flat premarket
    | Thu, May 26, 8:26 AM
  • Thu, May 26, 7:59 AM
    • Royal Bank of Canada (NYSE:RY) declares C$0.81/share quarterly dividend, in line with previous.
    • Forward yield 4.11%
    • Payable Aug. 24; for shareholders of record July 26; ex-div July 22.
    • The company plans to repurchase 20M common stock (1.3% of outstanding shares), subject to approval of office of the Superintendent of financial institutions and the Toronto stock exchange.
    • Press Release
    • Press Release
    | Thu, May 26, 7:59 AM | 6 Comments
  • Thu, May 26, 7:07 AM
    • Royal Bank of Canada (NYSE:RY): FQ2 EPS of C$1.66 beats by C$0.02.
    • Revenue of C$9.53B (+7.9% Y/Y) beats by C$420M.
    • Press Release
    | Thu, May 26, 7:07 AM | 9 Comments
  • Mon, May 23, 3:10 PM
    • The ruling from the Court of Appeals for the Second Circuit reinstates previously thrown out private antirust lawsuits against 16 banks for allegedly rigging Libor.
    • There are a number of groups of plaintiffs, including Baltimore, Houston, and San Diego.
    • For now, the case goes back to lower court for further proceedings. If the suits are successful, the bill to banks could be several billion dollars.
    • Roughly a dozen financial companies have already settled official charges of rate manipulation, with some pleading guilty to criminal charges.
    • The defendants in line from today's ruling include: Bank of America (NYSE:BAC), Barclays (NYSE:BCS), Credit Suisse (NYSE:CS), Deutsche Bank (NYSE:DB), HSBC, JPMorgan (NYSE:JPM), Lloyds (NYSE:LYG), Royal Bank of Canada (NYSE:RY), SocGen (OTCPK:SCGLY), UBS, and Royal Bank of Scotland (NYSE:RBS).
    | Mon, May 23, 3:10 PM | 132 Comments
  • Wed, Apr. 6, 2:52 PM
    • CEO Dave McKay says the bank is reviewing records - some going back 40 years - after being one of the lenders identified as a user of Panama law firm Mossack Fonseca to set up shell companies for clients. "I am equally unhappy RBC (NYSE:RY) has been dragged into this," says McKay.
    • Addressing the energy crash, McKay says he expects recent price gains to hold. A sizable lender to oil and gas companies, not to mention consumers in Alberta, McKay says energy loans are just 1.6% of the bank's book and credit loss provisions remain within historical norms.
    • Now read: Recent Stock Purchase: March 2016
    | Wed, Apr. 6, 2:52 PM
  • Mon, Apr. 4, 12:23 PM
    • The leaked documents show Royal Bank of Canada (RY -0.6%) as a regular user of the Panama-based law firm (Mossack Fonseca) which does big business shielding clients from taxes and reporting requirements.
    • RBC and its subsidiaries were associated with 378 shell companies in the data, according to the Toronto Star.
    • "Tax evasion is illegal, and we have established controls, policies and procedures in place to detect it and prevent it occurring through RBC,” says the bank. “If we have reason to believe a client is seeking to commit a criminal offense by evading taxes, we would report the offense and not do business with the client."
    • Now read: If I Had To Build An Income Portfolio Today - Update 5 (March 31)
    | Mon, Apr. 4, 12:23 PM | 8 Comments
  • Wed, Feb. 24, 10:40 AM
    • Royal Bank of Canada (RY -5.2%) posted a sizable earnings miss behind declines in investment banking and insurance profits.
    • Energy, naturally, is also an issue, and the bank set aside $410M for bad loans, up 52% from one year ago. Impaired loans to oil and gas companies rose to $310M from $156M in FQ4 and just $5M one year ago.
    • Bank of Montreal (BMO -3.3%), Scotiabank (BNS -3.9%), CIBC (CM -4%), TD Bank (TD -3.5%)
    | Wed, Feb. 24, 10:40 AM | 19 Comments
  • Wed, Feb. 24, 7:51 AM
    • FQ1 net income of $2.447B about flat from one year ago. EPS of $1.58 down from $1.65. ROE of 15.3% down 400 bps. CET1 ratio of 9.9% up 30 bps.
    • Quarterly dividend is boosted by $0.02 to $0.81 per share.
    • Provision for credit loss of 0.31 is up 7 bps from a year ago thanks to the oil crash.
    • Personal & Commercial banking net income of $1.29B up 3% Y/Y.
    • Wealth Management net income of $303M up 32%, with much of that increase from the purchase of City National.
    • Insurance net income of $131M down 29% Y/Y.
    • Investor & Treasury Services net income of $143M about flat from last year.
    • Capital Markets net income of $570M down 4% Y/Y.
    • Previously: Royal Bank of Canada misses by $0.09 (Feb. 24)
    • RY flat premarket
    | Wed, Feb. 24, 7:51 AM | 23 Comments
  • Wed, Feb. 24, 7:40 AM
    • Royal Bank of Canada (NYSE:RY) declares C$0.81/share quarterly dividend, 2.5% increase from prior dividend of $0.79.
    • Forward yield 4.64%
    • Payable May 24; for shareholders of record April 25; ex-div April 21.
    | Wed, Feb. 24, 7:40 AM | 6 Comments
  • Wed, Feb. 24, 7:24 AM
    • Royal Bank of Canada (NYSE:RY): FQ1 EPS of $1.58 misses by $0.09.
    | Wed, Feb. 24, 7:24 AM