Royal Bank of Canada (RY) Releases Earnings Results, Misses Expectations By $-0.07 EPS

Royal Bank of Canada (RY) announced its most recent quarterly financial results on Wednesday, Nov-30-2016. RY reported $1.65 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $1.72. The company posted revenue of $9265.00 million in the period, compared to analysts expectations of $9820.50 million. RY’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS.

Many Wall Street Analysts have commented on Royal Bank of Canada. Royal Bank of Canada was Initiated by BofA/Merrill to “Underperform” on Nov 1, 2016.

Royal Bank of Canada opened for trading at $66.45 and hit $67.11 on the upside on Tuesday, eventually ending the session at $67.05, with a gain of 0.84% or 0.56 points. The heightened volatility saw the trading volume jump to 17,36,931 shares. Company has a market cap of $99,575 M.

Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking wealth management services insurance investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking which operates comprises its personal and business banking operations as well as its auto financing and retail investment businesses; Wealth Management which comprises Canadian Wealth Management United States and International Wealth Management and Global Asset Management (GAM); Insurance which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services which is a provider of asset servicing custody payments and treasury services and Capital Markets which comprises two business lines: Corporate and Investment Banking and Global Markets. It operates in three geographic segments: Canada United States and Other International.

Royal Bank of Canada

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