Latest news with #RY
Yahoo
a day ago
- Business
- Yahoo
Royal Bank of Canada Q2 Earnings Improve Y/Y on Higher Revenues
Royal Bank of Canada's RY second-quarter fiscal 2025 (ended April 30) adjusted net income available to common shareholders was C$4.41 billion ($3.10 billion), up 6.9% from the prior-year reflected the impacts of the specified items relating to the HSBC Canada transaction and integration costs, along with the amortization of acquisition-related intangibles. RY's quarterly results were aided by higher revenues, and marginal growth in loans and deposit balances. However, an increase in expenses and provisions were major headwinds. Probably because of the negatives, RY shares have lost 1.8% since the release of its results. Total revenues were C$15.67 billion ($11.03 billion), up 10.7% year over interest income was C$8.06 billion ($5.67 billion), growing 21.6% from the prior-year quarter. Non-interest income was C$7.62 billion ($5.36 billion), up 1.1% year over expenses were C$8.73 billion ($6.14 billion), up 5.1% from the prior-year company's provision for credit losses was C$1.42 billion ($999.1 million), soaring 54.8% year over year. As of April 30, 2025, Royal Bank of Canada's total loans were C$1.01 trillion ($730.8 billion), up marginally from the prior quarter. Deposits totaled C$1.45 trillion ($1.05 trillion), rising marginally from the previous quarter end. Total assets were C$2.24 trillion ($1.62 trillion), up 2.3% from the previous quarter. As of April 30, 2025, the company's Tier 1 capital ratio was 14.7%, up from the prior-year quarter's 14.1%. The total capital ratio was 16.5%, up from 16.1% in the prior-year Common Equity Tier 1 ratio was 13.2%, up from 12.8% in the prior-year quarter. Solid loan balances and a diversified product mix will likely keep driving Royal Bank of Canada's financials. However, higher provisions on the uncertain economic outlook remains a near-term concern. Royal Bank Of Canada price-consensus-eps-surprise-chart | Royal Bank Of Canada Quote Currently, Royal Bank of Canada carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. HSBC Holdings HSBC reported a first-quarter 2025 (ended March 31) pre-tax profit of $9.48 billion, which declined 25% from the prior-year quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)HSBC's results were affected by a year-over-year fall in revenues, higher expected credit losses and other credit impairment charges, partially offset by a fall in Bank DB reported first-quarter 2025 earnings attributable to its shareholders of €1.78 billion ($2.01 billion), up 39.2% year over results were aided by a rise in revenues and lower expenses. However, higher provision for credit losses was a spoilsport. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report Royal Bank Of Canada (RY) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
2 days ago
- Business
- Globe and Mail
BMO bank analyst summarizes earnings season, reiterates top picks in the sector
Daily roundup of research and analysis from The Globe and Mail's market strategist Scott Barlow BMO bank analyst Sohrab Movahedi summarized bank earnings and reiterated top picks in the sector, 'Q2 reporting season for the banks wrapped up yesterday. The bank index was up 1 per cent in the past week, underperforming the S&P/TSX by 40 basis points. Based on the results, BNS and RY were 1 per cent below consensus, but the rest all beat (most at NA, by 19 per cent). We got dividend increases of 4 per cent at RY and NA, 3 per cent at BMO (all three on a semi-annual review), and 4 per cent at BNS (annual review cycle). We maintain our 'best offense is a good defense' stance, with no change to our Outperform ratings on RY, CM, TD, and NA. CM was the only bank to report an ROE improvement year-over-year, while NA delivered the highest ROE (and ROA). By segment, RY, CM, and NA were the only banks to report higher year-over-year Canadian banking earnings on better NIM and operating leverage, but volume growth is a challenge for all. All the banks reported higher year-over-year pre-tax pre-provision earnings driven by strong revenue growth (helped by strong trading revenue, most notably at NA) … Credit quality was a key topic, with all the banks reporting higher year-over-year PCLs, reflecting higher performing reserves; highest quarterly build at RY with an add of 23bps, and the rest ranging 10-18bps, in anticipation of trade disruption economic downsides' *** RBC Capital Markets head of global energy research Greg Pardy made one change to his global energy best ideas list, adding Cheniere Energy Inc., 'In May, the RBC Global Energy Best Ideas List was up 5.7 per cent compared to the iShares S&P Global Energy Sector ETF (IXC) which was up 2.2 per cent and a hybrid benchmark (75-per-cent IXC, 25-per-cent JXI – iShares Global Utilities ETF) that was up 2.4 per cent on a sequential basis. This month, we are adding Cheniere Energy, Inc. (LNG) to the RBC Global Energy Best Ideas List' The list is now Shell, Suncor Energy, California Resources, Chord Energy Corporation, ConocoPhillips, ARC Resources, PrairieSky Royalty, Canadian Natural Resources, Woodside Energy, Enerflex Ltd., SLB, Subsea 7, AltaGas Ltd., Pembina Pipeline Corporation, Cheniere Energy Inc., Energy Transfer LP, Northland Power and Superior Plus. *** I am usually only vaguely interested in thematic stockpicking reports because they tend to be more marketing exercises than investment strategies. Citi's thematic work might be an exception because it appears to generate strong returns. Citi's Thematic 30 list of picks has, with a 12-month total return at 29.4 per cent (no related ETF that I could find, before you ask), more than doubled the returns of the MSCI World Index and the S&P 500, 'This thematic piece furthers a Growth preference from our broader US Equity Strategy work where sector overweights include Communication Services and Information Technology, and index preference is for NASDAQ-100 over the Russell 2000. The goal herein s to call more specific Growth positioning ideas via thematic portfolios and screen for related single stocks. Top Growth Themes — Our top themes in order of preference include: 1) Digital Leisure, 2) Contactless Economy, T3) Artificial Intelligence, and T3) FinTech. These themes are expected to drive earnings and cash flow growth in excess of premium top line growth. To us, secular growth opportunities at scale are attractive in an environment where policy is still wavering, and the consumer seems fragile. Thematic 30 Rebalance — We update the Citi Thematic 30 recommended list to align with our changing Growth theme preferences. New Growth theme additions include ADI, ADSK, AMAT, CART, and PINS. Overall, the list tilts more towards Large Cap and Growth style than previously. Other additions and removals are detailed within'. The stock on the list are Alphabet Inc, Equinix, DocuSign, Applied Materials, Autodesk, Uber Technologies, Doordash, GoDaddy, Analog Devices, Maplebear, Meta Platforms, Applovin, ROBLOX, DraftKings, Pinterest, Mastercard, Fiserv, PayPal, HubSpot, SS&C Technologies, IDEX, HormelFoods, Darling Ingredients, Flowserve, United Airlines, Chart Industries, Republic Services, Gilead Sciences and Labcorp. *** Bluesky post of the day: Diversion: 'You've Set Up Your Smart TV All Wrong—Fix These 5 Settings ' – Make Use Of
Business Insider
3 days ago
- Business
- Business Insider
Bank of America Securities Sticks to Its Buy Rating for Royal Bank Of Canada (RY)
In a report released on May 29, Ebrahim Poonawala from Bank of America Securities maintained a Buy rating on Royal Bank Of Canada (RY – Research Report), with a price target of C$194.00. Confident Investing Starts Here: Poonawala covers the Financial sector, focusing on stocks such as JPMorgan Chase, Morgan Stanley, and US Bancorp. According to TipRanks, Poonawala has an average return of 11.3% and a 66.27% success rate on recommended stocks. In addition to Bank of America Securities, Royal Bank Of Canada also received a Buy from Barclays's Brian Morton in a report issued yesterday. However, on the same day, National Bank downgraded Royal Bank Of Canada (NYSE: RY) to a Hold. Based on Royal Bank Of Canada's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $16.72 billion and a net profit of $5.13 billion. In comparison, last year the company earned a revenue of $13.76 billion and had a net profit of $3.58 billion Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RY in relation to earlier this year.
Business Insider
3 days ago
- Business
- Business Insider
Jefferies Remains a Buy on Royal Bank Of Canada (RY)
In a report released yesterday, John Aiken from Jefferies maintained a Buy rating on Royal Bank Of Canada (RY – Research Report), with a price target of C$198.00. Confident Investing Starts Here: Aiken covers the Financial sector, focusing on stocks such as Royal Bank Of Canada, Canadian Bank of Commerce, and Great-West Lifeco. According to TipRanks, Aiken has an average return of 0.0% and a 51.19% success rate on recommended stocks. In addition to Jefferies, Royal Bank Of Canada also received a Buy from Barclays's Brian Morton in a report issued yesterday. However, on the same day, National Bank downgraded Royal Bank Of Canada (NYSE: RY) to a Hold. The company has a one-year high of $129.46 and a one-year low of $102.44. Currently, Royal Bank Of Canada has an average volume of 1.36M. Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RY in relation to earlier this year.
Yahoo
6 days ago
- Business
- Yahoo
Royal Bank: Fiscal Q2 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Royal Bank Of Canada (RY) on Thursday reported fiscal second-quarter net income of $3.09 billion. The Toronto-based bank said it had earnings of $2.12 per share. Earnings, adjusted for non-recurring costs, came to $2.20 per share. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share. The bank posted revenue of $22.93 billion in the period. Its revenue net of interest expense was $11.03 billion, also missing Street forecasts. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on RY at
