Feb 21 (Reuters) - Royal Bank of Canada RY.TO :
* RBC'S PRIORITY IS TO GROW U.S. PRIVATE CLIENT AND CITY NATIONAL FRANCHISES-CONF CALL
* RBC- WE ARE ALSO INCREASINGLY FOCUSED ON LEVERAGING OUR STRENGTHS TO BOOST CITY NATIONAL'S DIGITAL BANK OFFERINGS-CONF CALL
* RBC INVESTMENT BANKING PIPELINE HEALTHY BUT CONVERSION OF DEALS TO REVENUE DEPENDS ON MARKET CONDITIONS THAT REMAIN VOLATILE OVER GEOPOLITICAL, CORONAVIRUS CONCERNS-CONF CALL
* RBC- NET INTEREST MARGINS COULD DECLINE FURTHER 3-5 BASIS POINTS IN FY2020 ON COMPRESSED SPREADS ON MORTGAGES-CONF CALL
* RBC SEES INCREASED PRESSURE ON OPERATING LEVERAGE IN SECOND HALF DUE TO UPCOMING CHANGES IN CREDIT CARD LANDSCAPE, PRESSURE ON LOAN, DEPOSIT SPREADS-CONF CALL
* RBC EXPECTS SEASONALLY LOWER EARNINGS NEXT QUARTER AND HOPE TO SEE INCREASING LEVELS OF PROFITABILITY TOWARDS THE END OF 2020 AND INTO 2021-CONF CALL
* RBC SAYS CHANGE TO MORTGAGE STRESS TEST BENCHMARK TO TRANSLATE INTO 'FAIRLY SMALL INCREASE' IN PURCHASE POWER FOR AVERAGE BORROWER - CONF CALL
* RBC SAYS NO IMPACT SO FAR OF CORONAVIRUS, CANADA RAIL BLOCKADES ON BUSINESS BUT MONITORING SITUATION - CONF CALL
* RBC PLANS TO LAUNCH DIRECT-TO-CONSUMER BANK IN US LATE THIS YEAR/EARLY NEXT YEAR FOR HIGH-NET-WORTH CLIENTS - CONF CALL Further company coverage: RY.TO