Aug 26 (Reuters) - Royal Bank of Canada RY.TO :
* ROYAL BANK OF CANADA SAYS OVER 9 MILLION CARDHOLDERS SPENT MORE THIS JULY THAN LAST YEAR, THE FIRST Y-O-Y POSITIVE TREND SINCE MID-MARCH - CONF CALL
* RBC SAYS CO REPORTED MORTGAGE GROWTH OF 10% YEAR-OVER-YEAR- CONF CALL
* RBC SAYS M&A ACTIVITY GENERALLY REMAINS MUTED IN MOST SECTORS OUTSIDE HEALTHCARE, TECHNOLOGY GIVEN ECONOMIC AND POLITICAL UNCERTAINTY- CONF CALL
* RBC SAYS BANK RECORDED A FURTHER $2 BILLION OF CREDIT DOWNGRADES, ADDING TO THE OVER $9 BILLION RECORDED LAST QUARTER- CONF CALL
* RBC EXPECTS CET1 RATIO TO REMAIN AT ABOUT 12% BY THE END OF THE Q1 2021, ABSENT FURTHER MEANINGFUL ECONOMIC DOWNTURN- CONF CALL
* RBC SAYS COVID-SPECIFIC COSTS THAT ADDED OVER C$90 MILLION CONTRIBUTED TO 6% INCREASE IN EXPENSES- CONF CALL
* RBC EXPECTS TO SLOW ITS RECENT ACCELERATED HIRING GROWTH STRATEGY IN U.S. WEALTH MANAGMENT- CONF CALL
* RBC PUTTING GREATER EMPHASIS ON DOWNSIDE SCENARIOS IN THE FALL AS GOVERNMENT SUPPORT, DEFERRAL PROGRAMS WIND DOWN- CONF CALL
* RBC SAYS UNDER PESSIMISTIC SCENARIO FOR ECONOMY, UNEMPLOYMENT REMAINS AT AROUND 10% UNTIL JUNE 2022- CONF CALL
* RBC SAYS UNDER PESSIMISTIC SCENARIO FOR ECONOMY, HOME PRICES DECLINE BY 8%, STAY DEPRESSED UNTIL MID-2023- CONF CALL
* RBC SAYS UNDER PESSIMISTIC SCENARIO, ALLOWANCES FOR LOSSES ON PERFORMING LOANS WOULD RISE BY ABOUT 25%- CONF CALL
* RBC SEES LOAN IMPAIRMENTS START TO RISE IN 2021, PEAKING IN MID-2021, AFTER LOAN DEFERRALS WIND DOWN IN Q4-CONF CALL
* RBC EXPECTS MORTGAGE GROWTH IN HIGH SINGLE-DIGIT FOR THE REST OF 2020, AND THEN FALLING DOWN INTO THE MID-SINGLE DIGIT NEXT YEAR -CONF CALL
* RBC SAYS RISK-WEIGHTED ASSETS AMONG SMALLER, MID-MARKET COMMERCIAL CLIENTS COULD RISE C$7 BILLION-C$9 BILLION OVER THE NEXT SIX MONTHS-CONF CALL Further company coverage: RY.TO