Royal Bank of Canada (RY) CEO David McKay on Q3 2019 Results - Earnings Call Transcript

Aug. 21, 2019 1:06 PM ETRoyal Bank of Canada (RY) Stock, RY:CA StockRY, RY:CA
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Q3: 2019-08-21 Earnings Summary

EPS of $1.70 misses by $0.03
 | Revenue of $8.69B (2.32% Y/Y) beats by $5.33M

Royal Bank of Canada (NYSE:RY) Q3 2019 Earnings Conference Call August 21, 2019 8:00 AM ET

Company Participants

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

Conference Call Participants

Ebrahim Poonawala - Bank of America Merrill Lynch
Meny Grauman - Cormark Securities
John Aiken - Barclays
Steve Theriault - Eight Capital
Doug Young - Desjardins Capital Markets
Sumit Malhotra - Scotiabank
Robert Sedran - CIBC Capital Markets
Sohrab Movahedi - BMO Capital Markets
Mario Mendonca - TD Securities
Gabriel Dechaine - National Bank Financial
Scott Chan - Canaccord Genuity
Mike Rizvanovic - Credit Suisse

Operator

Good morning, ladies and gentlemen. Welcome to RBC's 2019 Third Quarter Results Conference Call. Please be advised that this call is being recorded. I would like to turn the meeting over to Nadine Ahn, Head of Investor Relations. Please go ahead, Ms. Ahn.

Nadine Ahn

Thank you 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 limit your questions and then requeue. We also have with us in the room Neil McLaughlin, Group Head of Personal and Commercial Banking; Doug Guzman, Group Head, Wealth Management and Insurance; and Doug McGregor, Group Head, Capital Markets and Investor and Treasury Services.

As noted on Slide 1, our comments may contain forward-looking statements which involve assumptions and have inherent risks and uncertainties. Actual results could differ materially. With

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