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-6.20078129845559E-05 -0.000620078129844325 -0.00136417188565759 -0.00217027345445523 -0.00570471879456821 -0.00582873442053697 -0.00582873442053697 -0.00582873442053697
Stock impact report

RBC says its focus on AI is paying dividends [Yahoo! Finance]

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: Yahoo! Finance
Expert quote: "There isn't a part of our business that isn't being impacted by AI." — CEO Dave McKay Forward look: Executives expect AI investments to generate between 700 million and 1 billion Canadian dollars of revenue and cost savings by 2027. A year ago, Royal Bank of Canada laid out a three-year strategy to boost revenues and add clients, which hinged largely on its ability to leverage data and AI capabilities. Twelve months later, executives say the Toronto-based bank is achieving its goals and outpacing the competition as it introduces AI across different parts of the company. That includes not only RBC's investment bank, but also consumer and commercial banking. "I think we're right on track, and in more areas than not, ahead of where we thought we'd be," CEO Dave McKay said last week at an RBC-hosted industry conference. "We remain incredibly excited about the impact on our internal operations and on … our direct-to-consumer capability," from capital markets to cons Show less Read more
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