- Adjusted EPS of C$3.26, exceeding the estimate of C$2.97.
- Reported EPS was C$3.09.
- Provision for credit losses stood at C$659 million, better than the estimated C$920.9 million.
- Basel III common equity Tier 1 ratio was 13%, slightly above the 12.9% estimate.
- Adjusted Return on Equity (ROE) was 16.4%, higher than the 14.6% estimate.
- Return on Equity (ROE) came in at 15.5%.
- Net income was reported at C$4.49 billion.
- Revenue amounted to C$14.63 billion, surpassing the estimate of C$14.51 billion.
- Non-interest expenses totaled C$8.60 billion, higher than the estimated C$8.3 billion.
- Analyst ratings include 14 buys, 2 holds, and 3 sells.
A look at Royal Bank Of Canada Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Royal Bank of Canada shows a positive long-term outlook. The company scores well in terms of Momentum with a score of 5, indicating strong performance in this area. This suggests that Royal Bank of Canada is gaining positive traction in the market, which may bode well for its future growth and success. Additionally, the company scores moderately across Value, Dividend, and Growth factors with scores of 3 each, reflecting a stable and balanced outlook. However, its Resilience score of 2 indicates a slightly lower level of strength in this aspect, which could be an area for potential improvement.
Royal Bank of Canada, a diversified financial services company, offers a range of services including personal and commercial banking, wealth management, insurance, corporate and investment banking, and transaction processing services. With operations worldwide, the company caters to personal, business, public sector, and institutional clients. Overall, the Smartkarma Smart Scores suggest that Royal Bank of Canada is well-positioned for long-term success, particularly highlighted by its strong Momentum score, despite some room for enhancement in resilience.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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