Over the past five years, not including dividends, Royal Bank of Canada RY-T shares are up 16 per cent, compared with a 57-per-cent gain by small-cap VersaBank. Meanwhile, Royal Bank lags other large-cap Canadian banks in our INK Edge quantitative rankings based on valuations, insider commitment and price momentum. Insider …
Read More »RBC profit falls 14%, misses forecasts as banks set aside more money for bad loans
Open this photo in gallery: A sign for Royal Bank is seen in Toronto in this file photo.CARLOS OSORIO/Reuters Royal Bank of Canada RY-T reported a drop second-quarter profit and missed analysts’ estimates as a worsening economic outlook drives lenders to set aside more money for loans that could turn …
Read More »RBC hikes dividend, posts profit gain as COVID-19 risks recede
Royal Bank of Canada RY-T reported higher second-quarter profit and raised its quarterly dividend as the bank sees risks related to the COVID-19 pandemic receding, which allowed it to claw back hundreds of millions of dollars in loan loss provisions. RBC is the fourth major bank to report earnings for …
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