Royal Bank Earnings: Somehow Great, Despite Weak Economy

Folks, we’ve got a winner. Canada’s largest company has hit a new all time high following the release of their fourth quarter earnings.

That company, unsurprisingly, is a bank. Royal Bank of Canada (TSX: RY) to be exact, who beat analyst expectations for their fourth quarter results, leading to their market capitalization pushing past the $250 billion market in intraday trading.

It’s bank earnings week. Lets dive in!


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Antimony Resources Expands New Discovery Following Trenching

Silver47 Kicks Off 7,000-Meter Drill Campaign at Nevada’s Hughes Project

Related News

The Canadian Banking Oligopoly

When the Bank of Canada paused its overnight rate last week at five percent, it...

Saturday, September 16, 2023, 09:00:00 AM

CIBC, RBC, TD: Banks Dangle Dividend Increase As They Bear Credit Loss Provisions

A trend seems to be emerging as Canada’s biggest banks continue the earnings season for...

Thursday, May 25, 2023, 07:54:17 AM

Fired RBC Executives Deny Romantic Involvement, Seek C$70 Million in Damages

Former Royal Bank of Canada Chief Financial Officer Nadine Ahn has filed a lawsuit against...

Monday, August 12, 2024, 11:19:00 AM

It’s A Coronavirus Economy, We’re All Just Planning In It

It’s been a few hours now since Canada’s Federal government announced a plan for $82...

Thursday, March 19, 2020, 09:00:29 AM

RBC Tops Q2 2024 Estimates, Hikes Dividend, Announces 30-Million Share Repurchase Plan

The Royal Bank of Canada (TSX: RY) has surpassed analysts’ expectations for its fiscal second...

Thursday, May 30, 2024, 12:08:14 PM