Economy

Analysts See $1.90 EPS for Royal Bank of Canada (RY)

Analysts See $1.90 EPS for Royal Bank of Canada (RY)

Several other research firms have also recently weighed in on RY. Arrowstreet Capital Limited Partnership boosted its stake in Royal Bank Of Canada by 25,974.8% in the second quarter. Guardian Capital LP now owns 4,445,146 shares of the financial services provider's stock valued at $343,017,000 after buying an additional 167,744 shares during the period.

The bank's personal & commercial banking business increased net income by 19 per cent to $1.4 billion benefiting from sales growth and improved margins following recent rate hikes by the Bank of Canada. Virginia Retirement Systems ET AL now owns 200,300 shares of the financial services provider's stock valued at $14,552,000 after buying an additional 45,900 shares during the period. Stevens Capital Management LP purchased a new stake in Royal Bank of Canada during the first quarter valued at approximately $740,000.

The stock increased or $0 during the last trading session, hitting $. Vanguard Group Inc. now owns 32,981,480 shares of the financial services provider's stock worth $2,391,817,000 after purchasing an additional 1,303,290 shares during the period. About 1,200 shares traded. About 77,698 shares traded. Analysts had on average forecast earnings per share of $1.87, Thomson Reuters I/B/E/S data showed. The firm has a market cap of $101.51 billion, a price-to-earnings ratio of 13.08 and a beta of 1.19. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.14. Royal Bank Of Canada presently has an average rating of "Hold" and an average target price of $91.50.

The Bank of Nova Scotia's chief executive, Brian Porter, told analysts on its earnings call Tuesday that he expects the new guidelines to create a "five per cent headwind" to mortgage originations. BMO Capital Markets restated a "market perform" rating and set a C$100.00 target price on shares of Royal Bank of Canada in a report on Thursday, August 24th.

More news: Arizona State to interview Herm Edwards

Shares of Laurentian Bank of Canada (TSE LB) opened at C$59.34 on Monday. RBC had 52 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned "Mkt Perform" rating on Monday, February 27 by Keefe Bruyette & Woods. Argus Research maintained Royal Bank of Canada (NYSE:RY) rating on Thursday, August 25.

TRADEMARK VIOLATION WARNING: "Greystone Managed Investments Inc". More interesting news about Royal Bank of Canada (NYSE:RY) were released by: Nasdaq.com and their article: "Royal Bank of Canada in G-SIB 2017 List, JPMorgan Most Risky" published on November 22, 2017 as well as Fool.ca's news article titled: "Evaluating Royal Bank of Canada Ahead of Q4 Results" with publication date: November 23, 2017. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & global trademark & copyright law.

For its full financial year, the bank reported record net income of $11.47 billion, up more than a $1 billion or 10 per cent from $10.46 billion in 2016.

Canada's largest lender earned $2.84 billion in the three-month period ending on October 31, led by double-digit increases in personal and commercial banking, wealth management and capital markets.


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