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Stock impact report

Canadian big banks stretch the meaning of 'fully valued' with record-driven beats [Wealth Professional (Canada)]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Canada's biggest banks just tested their “fully valued” labels – and, for now, capital markets and wealth earnings are still doing the heavy lifting. Royal Bank of Canada and National Bank of Canada both beat fourth-quarter profit expectations on the back of strong market-sensitive businesses and higher dividends, even as credit costs rose and management warned about a more polarized “K-shaped” economy. RBC: record earnings, higher ROE, rising credit risk Royal Bank reported record Q4 profit of $5.43bn for the quarter ended Oct. 31, up from $4.22bn a year earlier, while full-year profit rose 25 percent to $20.4bn, according to BNN Bloomberg Adjusted earnings came in at $3.85 per diluted share, ahead of both last year's $3.07 and the $3.53 average analyst estimate compiled by LSEG Data & Analytics. Wealth management earned $1.28bn, up from $969m, and capital markets profit climbed to $1.43bn from $985m, supported by strong market conditions Personal and commercial banking Show less Read more
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