Royal Bank of Canada: A Rare Breed Among Large-Cap Banks
Royal Bank of Canada has a long history of paying uninterrupted dividends, including during the financial crisis. RBC's Canadian retail banking unit is the base off which it earns a strong return on equity. Credit quality has been weakening, but RBC has multiple lines of defense to deal with higher credit costs.
Royal Bank of Canada Q2 Earnings Improve Y/Y on Higher Revenues
RY posts a 6.9% y/y rise in Q2 earnings as revenues climb, but higher expenses and credit provisions weigh on the results.
Royal Bank of Canada (RY) Q2 2025 Earnings Call Transcript
Royal Bank of Canada (NYSE:RY ) Q2 2025 Earnings Conference Call May 29, 2025 8:30 AM ET Company Participants Asim Imran - Senior Vice President, Investor Relations Dave McKay - President & Chief Executive Officer Katherine Gibson - Chief Financial Officer Graeme Hepworth - Chief Risk Officer Derek Neldner - Group Head, Capital Markets Sean Amato-Gauci - Group Head, Commercial Banking Erica Nielsen - Group Head, Personal Banking Conference Call Participants Gabriel Dechaine - National Bank Financial Ebrahim Poonawala - Bank of America Mario Mendonca - TD Securities Paul Holden - CIBC Sohrab Movahedi - BMO Capital Markets Mike Rizvanovic - Scotiabank Lemar Persaud - Cormark Securities Operator Good morning, ladies and gentlemen, and welcome to the RBC's 2025 Second Quarter Results Conference Call. Please be advised that this call is being recorded.
Royal Bank (RY) Q2 Earnings and Revenues Lag Estimates
Royal Bank (RY) came out with quarterly earnings of $2.20 per share, missing the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $2.15 per share a year ago.
Will Royal Bank (RY) Beat Estimates Again in Its Next Earnings Report?
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.
Royal Bank (RY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Royal Bank (RY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Royal Bank of Canada Earnings Preview: Everything Looks Great, But I'm Not Buying
Royal Bank of Canada delivered exceptional Q1 results, with strong revenue, EPS, and ROE growth across all core segments, including successful HSBC Canada integration. Despite robust performance, I remain cautious due to rising credit loss provisions, macroeconomic uncertainty, and mixed analyst expectations for Q2. The bank's capital position is solid, the dividend yield attractive, and buybacks continue, but risks from tariffs and regulatory changes linger.
Royal Bank (RY) Soars 5.0%: Is Further Upside Left in the Stock?
Royal Bank (RY) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Is gold looking overbought? Perhaps, but don't expect an imminent about-turn
With gold hovering around $3,121 an ounce, it’s easy to assume the only way is up. But RBC Capital Markets is urging a more measured view. Yes, the price has surged to all-time highs, fuelled by geopolitical fears, trade tensions and the nagging threat of a global recession. But the bank warns that gold’s rally is being driven less by hard economic data and more by the jittery mood of the market. In its latest strategy note, RBC upgrades its gold price forecasts across the board. Its base case now assumes an average price of $3,039 for 2025, rising to $3,195 in 2026. The high-end scenario has gold peaking at $3,496 by year-end. But there’s a catch: for that kind of surge to happen, bad vibes won’t be enough. “Soft data” like falling business confidence would have to harden into weaker employment, output and investment numbers. Investor sentiment is shifting. Flows into gold exchange-traded funds (ETFs) are picking up again, and RBC says more money could enter the space as investors look for a hedge. But many are still hesitant to buy in at record highs. A modest pullback could tempt them off the sidelines. Otherwise, the next leg higher would need a clear economic downturn to really kick it into gear. Trade tensions (especially tariffs) remain a key driver. If things escalate, RBC expects gold to benefit. But that also means gold’s current strength is tied to events that are, by nature, unpredictable. Uncertainty is the fuel, but it’s also the risk. On fundamentals, gold still looks pricey. Long-term models suggest it could be overvalued, with fair value closer to $2,300. That doesn’t mean prices are about to collapse, but it does mean today’s levels are tough to justify without continued turmoil. RBC sees two key triggers for further gains. First, a period of consolidation that would bring in investors waiting for a dip. Second, a deeper shift from “vibes” to actual recessionary data, something that could unleash a fresh wave of risk-off buying. In short, RBC still likes gold. But it’s not ready to declare liftoff just yet. The rally has legs, but only if the world’s nerves keep fraying—and that, ironically, is the one thing no one can predict. Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced that it has entered into commercial supply agreements with a Tier 1 US industrial gas producer and distributor. The first agreement provides Charbone with access to hydrogen supply ahead of its own production, ensuring availability for its customers. The second agreement enables Charbone to expand its product offerings to include helium and other complementary industrial gases, broadening its market reach. The agreements support the company’s strategy to capitalize on North American market opportunities, particularly in Canada. The company highlighted its plan to deploy 16 hydrogen production plants across Canada and the US, including the flagship Sorel-Tracy project, which is expected to begin green hydrogen production in the first half of 2025. Securing a supply agreement with a leading US industrial gas producer for bulk hydrogen and other gases will enable Charbone to expand its revenue streams, enhance its logistics and transportation operations, and meet increasing demand from existing customers, the company added. Further, this agreement will help Charbone serve a broader customer base while assisting its new partner in accessing the Canadian market. “This collaboration reinforces our leadership in the hydrogen market while generating new revenue streams,” CEO Dave Gagnon said. “This enhancement to our offerings will solidify and bolster our position as a market leader in hydrogen while leveraging an existing and underserved market, especially in Canada,” Gagnon added.
Royal Bank of Canada Offers Attractive Risk/Reward
Royal Bank of Canada remains undervalued with a strong risk/reward profile due to consistent loan and deposit growth, rising net interest margins, and robust free cash flow. The bank maintains its leading market position and has shown resilience in improving net interest income despite economic headwinds. With potential upside of at least 24%, Royal Bank of Canada's shares could be worth even more if NOPAT growth aligns with historical levels.
Looking for a Growth Stock? 3 Reasons Why Royal Bank (RY) is a Solid Choice
Royal Bank (RY) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Royal Bank of Canada (RY) Presents at RBC Capital Markets Financial Institutions Conference (Transcript)
Royal Bank of Canada (NYSE:RY ) RBC Capital Markets Financial Institutions Conference March 4, 2025 8:00 AM ET Company Participants Dave McKay - President & Chief Executive Officer Conference Call Participants Derek Neldner - Chief Executive Officer & Group Head of RBC Capital Markets Unidentified Company Representative Good morning, everyone. Welcome to our global FI conference is actually truly global more than ever.
