Royal Bank of Canada (RY) Q2 2023 Earnings Call Transcript

Royal Bank of Canada (NYSE:RY) Q2 2023 Results Conference Call May 25, 2023 8:30 AM ET

Company Participants

Asim Imran - Head of Investor Relations
Dave McKay - President and Chief Executive Officer
Nadine Ahn - Chief Financial Officer
Graeme Hepworth - Chief Risk Officer
Neil McLaughlin - Group Head, Personal & Commercial Banking
Doug Guzman - Group Head, Wealth Management and Insurance
Derek Neldner - Group Head, Capital Markets

Conference Call Participants

Meny Grauman - Scotiabank
Gabriel Dechaine - National Bank Financial
Mario Mendonca - TD Securities
Doug Young - Desjardins Capital Markets
Ebrahim Poonawala - Bank of America
Paul Holden - CIBC
Lemar Persaud - Cormark Securities
Joo Ho Kim - Credit Suisse
Mike Rizvanovic - KBW Research

Operator

Good morning, ladies and gentlemen. Welcome to RBC's Conference Call for the Second Quarter 2023 Financial Results. Please be advised that this call is being recorded.

I would like to turn the meeting over to Asim Imran, Head of Investor Relations. Please go ahead, Mr. Imran.

Asim Imran

Thank you, and good morning, everyone. Speaking today will be Dave McKay, President and Chief Executive Officer; Nadine Ahn, Chief Financial Officer; and Graeme Hepworth, Chief Risk Officer. Also joining us today for your questions, Neil McLaughlin, Group Head, Personal and Commercial Banking; Doug Guzman, Group Head, Wealth Management and Insurance; and Derek Neldner, Group Head, Capital Markets.

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. I would also remind listeners that the bank assesses its performance on a reported and adjusted basis and considers both to be useful in assessing underlying business performance. To give everyone a chance to ask questions, we ask that you limit your questions and then requeue.

With that, I'll