Summary
Royal Bank of Canada Q3 earnings top estimates driven by growth in capital markets, wealth management
Royal Bank of Canada (TSX:RY) (RBC) reported strong financial results for the fiscal fourth quarter, with record net income of C$5.4 billion for the quarter ended October 31, up 29% from the same period last year. Adjusted net income rose 25% to C$5.6 billion.
Royal Bank of Canada: Stellar Results, Limited Upside
Royal Bank of Canada delivered record profitability, with net income up 25% to $20.4B and strong momentum in Wealth Management and Capital Markets. RY maintains robust capital (CET1 at 13.5%), raises its dividend by 6%, and targets 17%+ ROE for fiscal 2026. RY's stock valuation is stretched at 15.9× trailing and 15.4× forward earnings, with a 39% sector premium and limited upside given 5.4% expected revenue growth.
Royal Bank (RY) Tops Q4 Earnings and Revenue Estimates
Royal Bank (RY) came out with quarterly earnings of $2.76 per share, beating the Zacks Consensus Estimate of $2.51 per share. This compares to earnings of $2.25 per share a year ago.
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Royal Bank of Canada Profile
| Banks Industry | Financials Sector | David I. McKay CEO | NYSE Exchange | 780087102 CUSIP |
| CA Country | 94,624 Employees | 26 Jan 2026 Last Dividend | 7 Apr 2006 Last Split | - IPO Date |
Overview
The Royal Bank of Canada (RBC) is a globally diversified financial services company that provides a wide range of banking and financial products and services. Established in 1864 and headquartered in Toronto, Canada, RBC has grown significantly to serve millions of clients worldwide. RBC operates through a network of branches, automated teller machines (ATMs), and a mobile sales network, ensuring its services are widely accessible. Its primary segments include Personal & Commercial Banking, Wealth Management, Insurance, and Capital Markets, each catering to various customer needs from basic banking to complex investment and insurance services.
Products and Services
- Personal & Commercial Banking
This segment provides essential banking services such as checking and savings accounts, home equity financing, and personal lending. It covers private banking and a range of investment services like mutual funds and self-directed brokerage accounts. For businesses, especially small and medium-sized, it offers lending, leasing, deposits, and foreign exchange among other cash management services. Automotive financing and credit card solutions are also a significant part of this segment.
- Wealth Management
RBC's Wealth Management services include investment, trust, and banking solutions tailored for high net worth and ultra-high net worth individuals as well as institutional clients. It offers asset management for both groups and various asset and investor services, such as custodial services, to financial institutions and asset owners. The focus is on delivering comprehensive advice-based financial solutions.
- Insurance
The Insurance segment of RBC provides a broad mix of life, health, home, auto, and travel insurance products, alongside wealth, annuities, and reinsurance solutions. It aims to cater to the comprehensive needs of individuals, businesses, and groups, leveraging a diverse distribution network including advice centers, insurance stores, mobile advisors, digital platforms, and independent brokers.
- Capital Markets
This segment focuses on serving corporations, institutional clients, asset managers, private equity firms, and governments with advisory and origination, sales and trading, lending and financing, and transaction banking services. This wide array of services supports these clients in managing their financial operations efficiently, navigating the complexities of the capital markets, and achieving their investment objectives.
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