- RBC’s Adjusted EPS for Q2 2024 is C$2.92, surpassing the estimate of C$2.76.
- Reported EPS stands at C$2.74.
- Provision for credit losses is C$920 million, slightly below the estimate of C$928.9 million.
- Basel III common equity Tier 1 ratio is 12.8%, matching the estimate.
- Adjusted Return on Equity (ROE) is 15.5%, outperforming the estimate of 14.4%.
- Actual ROE is 14.5%.
- Net income is reported at C$3.95 billion.
- Personal & Commercial Banking net income totals C$2.05 billion.
- Capital Markets net income records at C$1.26 billion.
- Total revenue amounts to C$14.15 billion, exceeding the estimate of C$13.6 billion.
- Non-interest expenses are C$8.31 billion, higher than the estimated C$7.95 billion.
- This quarter signifies a key moment for RBC with the completion of the HSBC Bank Canada acquisition, enhancing its workforce and client base.
- RBC’s strong results are attributed to its robust balance sheet, effective expense management, and growth across its premium franchises.
- Market sentiment includes 13 buy ratings, 4 hold ratings, and 2 sell ratings.
A look at Royal Bank Of Canada Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| 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, the long-term outlook for Royal Bank of Canada appears positive. With a Growth score of 4 and Momentum score of 4, the company seems to be in a strong position for future expansion and market performance. These high scores indicate that Royal Bank of Canada is poised for growth and has positive momentum in the market.
Although the company received lower scores in Value (3) and Resilience (2), the overall outlook remains favorable. With its diversified financial services offerings including personal and commercial banking, wealth management, insurance, corporate and investment banking, and transaction processing services, Royal Bank of Canada serves a wide range of clients globally. This diversification could help mitigate risks and support long-term stability for the company.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
