🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-RBC's Priority Is To Grow U.S. Private Client And City National Franchises

Published 2020-02-21, 09:06 a/m
© Reuters.  BRIEF-RBC's Priority Is To Grow U.S. Private Client And City National Franchises
RY
-

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.