Last $62.62 USD
Change Today +0.23 / 0.37%
Volume 1.8M
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

royal bank of canada (RY) Key Developments

Royal Bank of Canada Announces Increased Quarterly Common Share Dividend Payable on and After May 22, 2015; Declares Dividend on Non-Cumulative First Preferred Shares, Payable on and After May 22, 2015

Royal Bank of Canada announced an increase to its quarterly common share dividend of two cents per share, or 3%, to 77 cents per share, payable on and after May 22, 2015, to common shareholders of record at the close of business on April 23, 2015. The board also announced dividends on the following Non-Cumulative First Preferred Shares, payable on and after May 22, 2015, to shareholders of record at the close of business on April 23, 2015. The board announced dividend of $0.30625 per share on Series W; $0.278125 per share on Series AA; $0.29375 per share on Series AB; $0.2875 per share on Series AC; $0.28125 per share on Series AD; $0.28125 per share on Series AE; $0.278125 per share on Series AF; $0.28125 per share on Series AG; $0.22 per share on Series AJ; $0.176942 per share on Series AK; $0.26625 per share on Series AL; $0.25 per share on Series AZ; and $0.24373 per share on Series BB and $0.281096 per share on Series BD.

Royal Bank of Canada Reports Unaudited Consolidated Earnings Results for the First Quarter Ended January 31, 2015

Royal Bank of Canada reported unaudited consolidated earnings results for the first quarter ended January 31, 2015. For the quarter, the company reported total revenue of CAD 9,644 million compared to CAD 8,460 million a year ago. Net income was CAD 2,456 million compared to CAD 2,092 a year ago. Diluted earnings per share were CAD 1.65 up CAD 0.27 from CAD 1.38 a year ago. Return on common equity of 19.3% up from 18.1% a year ago. Net income before income taxes was CAD 3,232 million compared to CAD 2,799 million a year ago. Return on assets was 0.94%. Net cash used in operating activities was CAD 1,792 million compared to net cash from operating activities of CAD 565 million a year ago. Net interest income was CAD 3,631 million compared to CAD 3,460 million a year ago. Net acquisitions of premises and equipment and other intangibles was CAD 281 million compared to CAD 311 million a year ago.

RBC Plans Selling Caribbean Wealth-Management Assets

Royal Bank of Canada (TSX:RY) is in talks with several bidders for parts of the Caribbean wealth-management business that it is exiting as part of a pullback in the Caribbean and Latin America, according to two people familiar with the matter. Among the bidders for some of the Caribbean assets is Cidel Financial Group Inc., according to the two people familiar with the matter. RBC is being advised in the process by Ernst & Young, one of these people said. “As previously stated, we are considering a number of strategic options for our Caribbean wealth management operations including, where possible, identifying interested parties to purchase operations or refer our clients,” a spokeswoman said in an email.

Royal Bank And Canadian Imperial Reportedly Eyes Stake In Boston Private

Royal Bank of Canada (TSX:RY) and Canadian Imperial Bank of Commerce (TSX:CM) is looking to acquire Boston Private Bank & Trust Company, according to people familiar with the matter, underscoring Canadian lenders’ growing interest in expanding their U.S. wealth-management businesses. Royal Bank was in active talks to acquire Boston Private before reaching a deal to buy another U.S.-based lender last month, two people said. One of them said RBC ultimately decided that Boston Private wasn’t a good fit because it wanted a wealth-management platform, not a private banking platform. Canadian Imperial Bank of Commerce also had Boston Private on a list of potential acquisition targets, a third person said. It is unclear whether Boston Private is running an active auction process. RBC and Boston Private declined to comment. “We don’t comment on rumors or speculation,” said Canadian Imperial spokesman Kevin Dove.

Royal Bank of Canada to Report Q1, 2015 Results on Feb 25, 2015

Royal Bank of Canada announced that they will report Q1, 2015 results at 8:00 AM, US Eastern Standard Time on Feb 25, 2015

 

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RY

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Valuation RY Industry Range
Price/Earnings 12.7x
Price/Sales 3.4x
Price/Book 2.2x
Price/Cash Flow 12.4x
TEV/Sales NM Not Meaningful
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