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

Higher Gold Prices Are Changing What Counts as a Real Discovery | Mike Bennett – Altamira Gold

Why Silver Still Hasn’t Seen the Real Mania | Craig Hemke

Why Copper Needs a Much Higher Price to Fix the Supply Problem | Greg Ferron – PTX Metals

Recommended

Higher Gold Prices Are Changing What Counts as a Real Discovery | Mike Bennett – Altamira Gold

Questcorp Wraps Expanded Drone Survey at La Union as Summer Drilling Approaches

Related News

Royal Bank of Canada Q4 2023 Exceeds Expectations Despite Credit Loss Provision Bump

Royal Bank of Canada (TSX: RY) announced a stronger-than-expected quarterly profit on Thursday, propelled by...

Thursday, November 30, 2023, 10:19:00 AM

Royal Bank Of Canada Sees Strong Q4 2022 Earnings

A day after negotiating the company’s largest purchase ever to bolster the business, Royal Bank...

Wednesday, November 30, 2022, 03:06:00 PM

Poilievre Wants HSBC-RBC Merger Blocked: “No Hope Of… More Competition”

Conservative Leader Pierre Poilievre is urging the federal government to rebuff the Royal Bank of...

Friday, October 20, 2023, 10:45:00 AM

Royal Bank of Canada Reports 11% Profit Growth for 2024 but Rising Costs

The Royal Bank of Canada (TSX: RY) reported its financial performance for fiscal year 2024,...

Wednesday, December 4, 2024, 05:36:00 PM

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