RBC cuts 5-year fixed mortgage rate, other banks expected to follow [Financial Post (Toronto, Ontario, 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
Company Research
Source: Financial Post
RBC cuts 5-year fixed mortgage rate, other banks expected to follow With volatility down, competitors have started undercutting big banks, putting pressure on them to act Royal Bank of Canada has lowered its posted five-year fixed rate by 15 basis points from 3.89 per cent to 3.74 per cent. Mortgage rate comparison website founder Robert McLister says RBC is the first of the Big Six banks to cut its advertised five-year fixed rate after a fall in five-year bond yields. McLister adds that he expects other big banks to follow suit in the coming days. When asked what prompted the rate drop, an RBC spokesperson said a number of factors have impacted the Toronto-based bank’s cost of funds. RBC says that includes the rate the bank pays in the wholesale market, increasing regulatory costs and market volatility. McLister says now that market volatility has subsided, the bank’s competitors have started undercutting big banks which puts pressure on them to act.
Show less
Read more
Impact Snapshot
Event Time:
RY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RY alerts
High impacting Royal Bank Of Canada news events
Weekly update
A roundup of the hottest topics
RY
News
- RBC completes acquisition of HSBC Bank Canada [Yahoo! Finance]Yahoo! Finance
- PRESS DIGEST-Canada - March 28 [Yahoo! Finance]Yahoo! Finance
- How this $36-billion money manager is finding dividend-paying winners amid higher interest rates [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Paying for defence? Plus other letters, March 28: ‘If Canadians are not willing to make this sacrifice to … fulfill NATO commitments, we should be ashamed of ourselves' [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Evening Update: Justice Marie-Josée Hogue resumes foreign interference inquiry, warning some details will be kept secret for national security [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
RY
Earnings
- 2/28/24 - Beat
RY
Analyst Actions
- 3/20/24 - Barclays PLC
RY
Sec Filings
- 3/28/24 - Form 424B2
- 3/28/24 - Form 424B2
- 3/28/24 - Form 424B2
- RY's page on the SEC website