Latest news with #RBC
Yahoo
9 hours ago
- Business
- Yahoo
RBC Keeps Outperform Rating on Williams Companies (WMB) Stock
On Tuesday, May 27, RBC Capital Markets maintained an 'Outperform rating' on The Williams Companies, Inc. (NYSE:WMB) with a price target of $63. This decision came after insights from the EIC Conference. RBC analysts are more confident in the company as it is expected to announce new projects that lead to improved financial estimates. Aerial view of a power plant near a lake lit up at night, showing off the company's expansive electricity generation capabilities. The Williams Companies, Inc. (NYSE:WMB) expects to see steady progress, even as Chad Zamarin becomes the new CEO. One key project is the development of Socrates, which is a fully integrated infrastructure project that will serve as the power solution for a connected data center. The Williams Companies, Inc. (NYSE:WMB) has signed a 10-year contract for Socrates, which includes a provision for commercial reassessment at the end of the term. The company believes that if the equipment from Socrates is used as backup power after the 10-year contract, the price will be set based on the cost of replacement. According to The Williams Companies, Inc. (NYSE:WMB), this will bring a good deal. The Socrates project is also seen as a strong venture, boasting a five times build multiple under the contract terms. RBC's reiterated positive outlook reflects the belief that these new projects and strategic developments will help The Williams Companies, Inc. (NYSE:WMB) grow and improve its financial performance. The Williams Companies, Inc. (NYSE:WMB) is an American energy company that specializes in natural gas processing and transportation. The company also has petroleum and electricity generation assets and invests in new energy technologies. While we acknowledge the potential of WMB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WMB and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
12 hours ago
- Business
- Globe and Mail
Stocks in play: Royal Bank of Canada
Said its Avion Rewards has once again been recognized on the global stage at the prestigious International Loyalty Awards, taking home multiple awards earlier this month. The awards recognize the pinnacle of excellence and innovation in loyalty on a global scale. Royal Bank of Canada shares are trading up $0.33 at $178.20.
Globe and Mail
15 hours ago
- Business
- Globe and Mail
Definity Financial Corporation Announces Increased Size of Previously Announced Private Placements of Common Shares to $385 million
/NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ WATERLOO, ON, May 28, 2025 /CNW/ - Definity Financial Corporation (TSX: DFY) announced today that it has increased the size of its previously announced private placements. Pursuant to the amended terms, the syndicate of underwriters, led by RBC Capital Markets as Sole Bookrunner (collectively the "Underwriters"), has agreed to purchase, on a bought deal basis, an aggregate of 4,631,000 common shares of Definity ("Common Shares") at an offering price of $66.65 per Common Share (the "Offering Price") for gross proceeds of approximately $309 million (the "Offering"). The Underwriters intend to arrange for substituted purchasers for the Common Shares being issued in the Offering.
Associated Press
16 hours ago
- Business
- Associated Press
RBC's Avion Rewards scores hat trick at 2025 International Loyalty Awards
Recognized as 2025 International Loyalty Program of the Year The Americas on the global stage for third consecutive year TORONTO, May 28, 2025 /CNW/ - Royal Bank of Canada's (RBC) Avion Rewards has once again been recognized on the global stage at the prestigious International Loyalty Awards, taking home multiple awards earlier this month. The awards recognize the pinnacle of excellence and innovation in loyalty on a global scale. Avion Rewards received the following: 'We're incredibly proud to have Avion Rewards recognized as program of the year (for the Americas) for the third year in a row, alongside two other noteworthy awards,' said Vinita Savani, Executive Vice President, Cards and Loyalty, RBC. 'We've built our loyalty program around a deep understanding of what matters most to our members—value, flexibility and experiences that feel truly rewarding. It's an honour to see this approach celebrated on a global stage.' Avion Rewards, Canada's largest proprietary loyalty program, has been a leader in loyalty for more than 20 years, providing consumers with a comprehensive rewards experience across their entire shopping journey. Available to all Canadians regardless of where they bank, Avion Rewards provides Canadians with the flexibility to shop, save, earn and redeem with more than 2,000 retail partners including some of Canada's leading brands. Now in its 14th year, the International Loyalty Awards honour excellence and innovation across the loyalty industry worldwide. Recognized as the premier global platform for customer loyalty, rewards and recognition, the prestigious awards program highlights consumer-centric businesses that are deeply committed to customer loyalty. The 2025 International Loyalty Awards received submissions from more than 120 countries, with each category evaluated by a distinguished panel of over 50 respected loyalty experts from diverse markets and sectors. Winners were determined through a comprehensive judging process that included shortlisting, pre-scoring, and a detailed judging session where each entry was meticulously discussed. For more information about Avion Rewards, visit: About RBC Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 98,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at About Avion Rewards Avion Rewards is a loyalty and consumer engagement platform that provides Canadians with the flexibility to shop, save, earn and redeem for everyday merchandise, aspirational rewards and experiences. Its exclusive shopping companion, Avion Rewards ShopPlus, enables members to access offers seamlessly, saving them time and money right where they shop online. Additionally, as one of the largest travel providers in Canada, Avion Rewards makes it possible for members to benefit from the program's market-leading 'any airline, any flight, any time' travel offering, as well as its flagship Avion credit cards and concierge service. For more information, please contact: Matt Trocchi, RBC Corporate Communications SOURCE RBC Royal Bank
Cision Canada
17 hours ago
- Business
- Cision Canada
RBC's Avion Rewards scores hat trick at 2025 International Loyalty Awards Français
TORONTO, May 28, 2025 /CNW/ - Royal Bank of Canada's (RBC) Avion Rewards has once again been recognized on the global stage at the prestigious International Loyalty Awards, taking home multiple awards earlier this month. The awards recognize the pinnacle of excellence and innovation in loyalty on a global scale. Avion Rewards received the following: Winner of "2025 International Loyalty Program of the Year The Americas", for the third consecutive year, representing the pinnacle of achievement within the global loyalty industry, and the most coveted award in each region. Winner of "Outstanding Customer Experience", recognizing companies that demonstrate a customer-first strategy and truly holistic customer experience. Highly Commended for "Best Loyalty Program Marketing Campaign Worldwide", recognizing companies that bridged the gap between consumer and brand to deliver core business success. "We're incredibly proud to have Avion Rewards recognized as program of the year (for the Americas) for the third year in a row, alongside two other noteworthy awards," said Vinita Savani, Executive Vice President, Cards and Loyalty, RBC. "We've built our loyalty program around a deep understanding of what matters most to our members—value, flexibility and experiences that feel truly rewarding. It's an honour to see this approach celebrated on a global stage." Avion Rewards, Canada's largest proprietary loyalty program, has been a leader in loyalty for more than 20 years, providing consumers with a comprehensive rewards experience across their entire shopping journey. Available to all Canadians regardless of where they bank, Avion Rewards provides Canadians with the flexibility to shop, save, earn and redeem with more than 2,000 retail partners including some of Canada's leading brands. Now in its 14 th year, the International Loyalty Awards honour excellence and innovation across the loyalty industry worldwide. Recognized as the premier global platform for customer loyalty, rewards and recognition, the prestigious awards program highlights consumer-centric businesses that are deeply committed to customer loyalty. The 2025 International Loyalty Awards received submissions from more than 120 countries, with each category evaluated by a distinguished panel of over 50 respected loyalty experts from diverse markets and sectors. Winners were determined through a comprehensive judging process that included shortlisting, pre-scoring, and a detailed judging session where each entry was meticulously discussed. For more information about Avion Rewards, visit: About RBC Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 98,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at About Avion Rewards Avion Rewards is a loyalty and consumer engagement platform that provides Canadians with the flexibility to shop, save, earn and redeem for everyday merchandise, aspirational rewards and experiences. Its exclusive shopping companion, Avion Rewards ShopPlus, enables members to access offers seamlessly, saving them time and money right where they shop online. Additionally, as one of the largest travel providers in Canada, Avion Rewards makes it possible for members to benefit from the program's market-leading "any airline, any flight, any time" travel offering, as well as its flagship Avion credit cards and concierge service. For more information, please contact: Matt Trocchi, RBC Corporate Communications
