Royal Bank of Canada (RBC), established in 1864 and headquartered in Toronto, Canada, operates as a comprehensive global financial institution. Its Personal ...
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$6.58 per share
Est. EPS $16.49 · Revenue $73.03B · 7 analysts
$6.58 per share
Est. EPS $4.38 · Revenue $19.19B · 4 analysts
EPS CAD 4.27 · Revenue CAD 38.65B
EPS CAD 3.85 · Revenue CAD 33.93B
EPS CAD 4.03 · Revenue CAD 35.44B
EPS CAD 14.09 · Revenue CAD 137.36B
EPS CAD 3.75 · Revenue CAD 34.72B
EPS CAD 3.02 · Revenue CAD 32.57B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $137.4B | +2.1% | +13.9% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $20.4B | +25.5% | +9.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +45.3% | +12.2% | +5.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +18.7% | +26.4% | -4.2% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +14.8% | +22.8% | -3.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $53.0B | +154.0% | -85.3% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +38.6% | +148.7% | -87.1% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 600.3% | -2.1% | +3.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.13x | -2.7% | +9.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2325.0B | +7.1% | +4.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 14.09 vs 14.10 | -0.1% | 4.27 vs 4.08 | +4.7% |
| Revenue Surprise | $137.4B vs $66.1B | +107.7% | $38.7B vs $18.2B | +112.2% |
Operator: Good morning, ladies and gentlemen. Welcome to the RBC's 2026 Third Quarter Results Conference Call. Please be advised that this call is being recorded. [Operator Instructions] Thank you. I would now like to turn the meeting over to Asim Imran. Please go ahead. Asim Imran: Thank you, and good morning, everyone. Speaking today will be Dave McKay, President and Chief Executive Officer; Katherine Gibson, Chief Financial Officer; and Graeme Hepworth, Chief Risk Officer. Also joining us today for your questions, Erica Nielsen, Group Head, Personal Banking; Sean Amato-Gauci, Group Head Commercial Banking; Neil McLaughlin, Group Head, Wealth Management and Insurance; and Derek Neldner, Group Head, Capital Markets. As noted on Slide 2, our comments may contain forward-looking statements, which involve assumptions and have inherent risks and uncertainties. Actual results could differ materially. I would also remind listeners that the bank assesses its performance on a reported and adjusted basis and considers both to be useful in assessing underlying business performance. [Operator Instructions] With that, I'll turn it over to Dave. David McKay: Thank you, Asim. Good morning, everyone, and thank you for joining us. Today, we reported very strong results, including record earnings of $6 billion, up 11% year-over-year. Revenues grew by 9% year-over-year as we further increased our revenue productivity while also deploying our balance sheet for client-driven growth. Furthermore, our relatively equal weightings between noninterest revenue and net interest income provides us with an attractive business mix. We also improved our cost efficiency, generating an adjusted operating leverage of 2.4% and adjusted efficiency ratio of 52%. These results reflect 3 forces working together: diversified business model; strong client activity; and a favorable market backdrop. This was enabled by a disciplined execution of well-articulated strategies, investments in talent and technology and deployment of our balance sheet. Our performance this quarter delivered a premium return on equity of nearly 18% and broad-based growth while maintaining a robust 13.5% Common Equity Tier 1 ratio. This combination continues to generate sustainable long-term shareholder value, and this was evidenced by the 10% year-over-year growth in book value per share and 80 basis points of internal capital generation this quarter, or 3 percentage points over the last 12 months. We deployed 85 basis points of capital in the quarter to grow our business, pay dividends and buy back our stock. As always, we continue to prioritize the deployment of our balance sheet towards client-driven organic growth. As we mentioned earlier this year, we're looking to continue building the bank of the future. That means growing market share and laying the foundation for new growth verticals and relationships to diversify the business and create future value. These create a flywheel multiplier effect for …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
David I. McKay | President, Chief Executive Officer & Director | CAD 6,846,057 | Male | 1963 | Active |
Derek Neldner | Group Head & Chief Executive Officer of RBC Capital Markets | CAD 3,619,364 | Male | — | Active |
Maria Douvas | Chief Legal & Administrative Officer | CAD 2,276,079 | Female | — | Active |
Neil McLaughlin | Group Head of RBC Wealth Management & Insurance | CAD 1,590,340 | Male | — | Active |
Katherine Gibson | Chief Financial Officer | CAD 1,491,851 | Female | — | Active |
Naim Kazmi | Group Head of Technology & Operations | CAD 1,060,491 | Male | — | Active |
Greg Grice | Executive Vice President of Enterprise Services | — | Male | — | Active |
Wayne Bossert | Deputy Chairman & Head of Ultra High Net Worth Clients-RBC Wealth Management | — | Male | — | Active |
Kelly Michelle Bradley | Chief Human Resources Officer | — | Female | 1975 | Active |
Matthew R. Stopnik | Head of Investment Banking | — | Male | — | Active |
Asim Imran | Senior Vice President & Head of Investor Relations | — | Male | — | Active |
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
Most investing content teaches you to tell a good company from a bad one. Almost nobody tells you what to do when both pass every test you know how to run. Royal Bank and National Bank are nearly identical on yield, payout ratio, and valuation, so the decision comes down to which investment thesis you prefer, not which metric reads higher. Stop looking for a metric to break the tie. Go to the investment thesis instead.
Royal Bank (RY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Moneris Solutions Corp., a Canadian provider of payments and commerce solutions that is jointly owned by BMO and Royal Bank of Canada (RBC), is set to be acquired by global investment firm Francisco Partners, Moneris said in a Monday (Aug. 10) press release.
Royal Bank of Canada (TSE: RY - Get Free Report) (NYSE: RY)'s share price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$253.31 and traded as high as C$296.60. Royal Bank of Canada shares last traded at C$293.47, with a volume of 4,022,214 shares traded. Analysts
