RE:RBCI listened to the call. My 2 biggest takeaways were
1. ESG focus was heavy - management realizes it's important to "score high on ESG" as that is what more and more investors want.
2. Buybacks - Discussed SIB being very successful and will continue NCIB at current pace (buying back roughly 1-2% of outstanding shares per month).
Management is conservative but wants to return to more normal cash position. CFO said they would consider special div and ways to return capital, but I felt like he highlighted buybacks and another SIB being possible, especially if next spring prices are up again.
That’s my opinion of what was discussed.