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Royal Bank of Canada T.RY

Alternate Symbol(s):  RY | T.RY.PR.J | RBCPF | T.RY.PR.M | RBMCF | T.RY.PR.N | T.RY.PR.O | T.RY.PR.S | RYLBF

Financial Services
Royal Bank of Canada is a global financial institution. Its business includes Personal & Commercial Banking, Wealth Management, Investor Services, Capital Markets and Insurance. The Personal & Commercial Banking comprises its personal banking operations and certain retail investment businesses in Canada, the Caribbean and United States, as well as its commercial and corporate banking operations in Canada and the Caribbean. Wealth Management provides a full suite of investment, trust and other wealth management solutions and businesses. Capital Markets provides public and private companies, institutional investors, governments and central banks globally with a range of capital markets products and services across its two main business lines, Corporate and Investment Banking and Global Markets. Insurance offers a range of life, health, home, auto, travel, wealth and reinsurance advice and solutions, and creditor and business insurance services to individual, business and group clients.


TSX:RY - Post by User

Royal Bank of Canada
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Post by Dibah420on Aug 29, 2024 4:36pm
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Post# 36201883

BMO

BMO
RBC Target Lifted to $165 at BMO After Q3 Beat
MT Newswires - Aug 29, 2024 2:26 PM EDT

02:26 PM EDT, 08/29/2024 (MT Newswires) -- BMO has lifted its target on RBC to $165 and kept its Outperform rating.

RBC's adjusted diluted EPS of $3.26 beat BMO/consensus estimates of $2.93/$2.95. All segments beat, driven by strong results in Capital Markets (Corporate & Investment banking) and Wealth (higher AUM).

Canadian P&C (higher risk-adjusted margins) and Insurance (IFRS 17) also came in higher than expected.

PCLs were lower than expected on lower impaired provisions across all segments, but RBC is guiding to higher PCLs in FY25.

Price: 161.27, Change: +1.29, Percent Change: +0.81


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