Royal Bank of Canada (RY) CEO Dave McKay on Q4 2018 Results - Earnings Call Transcript

Royal Bank of Canada (NYSE:RY) Q4 2018 Results Earnings Conference Call November 28, 2018 8:00 AM ET

Executives

Dave Mun - Head, IR
Dave McKay - President and CEO
Rod Bolger - CFO
Graeme Hepworth - Chief Risk Officer
Neil McLaughlin - Group Head, Personal & Commercial Banking
Doug Guzman - Group Head, Wealth Management and Insurance
Doug McGregor - Group Head, Capital Markets and Investor & Treasury Services

Analysts

Ebrahim Poonawala - Bank of America
Meny Grauman - Cormark Securities
Mario Mendonca - TD Securities
John Aiken - Barclays
Steve Theriault - Eight Capital
Gabriel Dechaine - National Bank Financial
Sumit Malhotra - Scotia Capital
Robert Sedran - CIBC Capital Markets
Sohrab Movahedi - BMO Capital Markets
Scott Chan - Canaccord Genuity
Doug Young - Desjardins
Nigel D’Souza - Veritas Investment

Operator

Good morning, ladies and gentlemen and welcome to RBC’s Conference Call for the Fourth Quarter 2018 Financial Results. Please be advised that this call is being recorded.

I would now like to turn the meeting over to Dave Mun, Head of Investor Relations. Please go ahead, Mr. Mun.

Dave Mun

Thanks and good morning.

Speaking today will be Dave McKay, President and Chief Executive Officer; Rod Bolger, Chief Financial Officer; and Graeme Hepworth, Chief Risk Officer. Then, we'll open the call for questions. To give everyone a chance to ask a question, we ask that you please limit your questions and then re-queue.

We also have with us in the room, Neil McLaughlin, Group Head of Personal & Commercial Banking; Doug Guzman, Group Head, Wealth Management and Insurance; and Doug McGregor, Group Head, Capital Markets and Investor & Treasury Services.

As noted on slide two, our comments may contain forward-looking statements, which involve assumptions and have inherent risks and uncertainties. Actual results could differ materially.

With that, I'll