OTTAWA: Royal Bank of Canada(NYSE:RY) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Nov 30, 2016. Company reported revenue of $7.01B. Analysts estimated a revenue of $7.04B. The revenues were $-26.00M or NaN% below the estimates. Earnings per share were $1.25. The reported EPS was below estimates by $-0.04 or NaN%. Analysts had estimated an EPS of $1.29.
In a different note, On Sep 14, 2016, Citigroup said it Maintains its rating on Royal Bank of Canada. In the research note, the firm Raises the price-target to $89.00 per share. The shares have been rated ‘Buy’ by the firm.
Royal Bank of Canada (RY) made into the market gainers list on Fridays trading session with the shares advancing 0.93% or 0.61 points. Due to strong positive momentum, the stock ended at $66.07, which is also near the day’s high of $66.18. The stock began the session at $65.75 and the volume stood at 9,21,560 shares. The 52-week high of the shares is $67.11 and the 52 week low is $44.37. The company has a current market capitalization of $98,140 M and it has 1,48,53,93,600 shares in outstanding.
Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking wealth management services insurance investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking which operates comprises its personal and business banking operations as well as its auto financing and retail investment businesses; Wealth Management which comprises Canadian Wealth Management United States and International Wealth Management and Global Asset Management (GAM); Insurance which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services which is a provider of asset servicing custody payments and treasury services and Capital Markets which comprises two business lines: Corporate and Investment Banking and Global Markets. It operates in three geographic segments: Canada United States and Other International.
