Royal Bank of Canada

City National Bank is an American financial institution headquartered in the City National Plaza in Los Angeles, California. It has been a wholly owned subsidiary of the Royal Bank of Canada since 2015. It offers a full complement of banking, trust and investment services through 75 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Minneapolis, Nashville, Washington, DC and Atlanta with a total of $35.6 billion in total assets.

City National Bank

Royal Bank of Canada engages in the provision of banking and financial services. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in both individual and business clients in Canada, the Caribbean, and the U.S. The Wealth Management segment offers a suite of wealth, investment, trust, banking, credit, and other advice-based solutions. It also offers other wealth management solutions to institutional and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a suite of advice and solutions for individual and business clients including life, health, wealth, property and casualty, travel, group benefits, annuities, and reinsurance. The Capital Markets segment is involved in the provision of advisory and origination, sales and trading, lending and financing and transaction banking to corporations, institutional clients, asset managers, private equity firms and governments globally. The Corporate Support segment consists of technology and operations services. The company was founded by J. W. Merkell, Edward Kenny, T. C. Kinnear, James B. Duffus, William Cunard, John Tobin, George P. Mitchell and Jeremiah Northup in 1864 and is headquartered in Toronto, Canada.

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q4 2024

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JPMorgan BetaBuilders Canada ETF

Bank of Montreal

Bank of Nova Scotia

Canadian Imperial Bank of Commerce

iShares MSCI Canada ETF

Franklin FTSE Canada ETF

iShares Currency Hedged MSCI Canada ETF

Canada's financial regulator raises capital buffers for big banks. Earnings hits and misses by Canada's big banks.

Canadian Banks Q4 Hits And Misses: Bracing For An Economic Downturn In 2023

Royal Bank of Canada (NYSE:RY ) Q4 2022 Earnings Conference Call November 30, 2022 8:00 AM ET Company Participants Asim Imran - Head, Investor Relations Dave McKay - President and Chief Executive Officer Nadine Ahn - Chief Financial Officer Graeme Hepworth - Chief Risk Officer Neil McLaughlin - Group Head, Personal and Commercial Banking Derek Neldner - Group Head, Capital Markets Doug Guzman - Group Head, Wealth Management, Insurance and I&TS Conference Call Participants Ebrahim Poonawala - Bank of America Doug Young - Desjardins Capital Markets Paul Holden - CIBC Capital Markets Mario Mendonca - TD Securities Scott Chan - Canaccord Genuity Gabriel Dechaine - National Bank Financial Sohrab Movahedi - BMO Capital Markets Meny Grauman - Scotiabank Lemar Persaud - Cormark Securities Mike Rizvanovic - KBW Joo Ho Kim - Credit Suisse Operator Good morning, ladies and gentlemen. Welcome to the RBC's Conference Call for the Fourth Quarter 2022 Financial Results.

Royal Bank of Canada (RY) Q4 2022 Earnings Call Transcript

HSBC Holdings

Royal Bank of Canada seeks to shore up its domestic competition and tap into affluent international clientele with financial ties to the country.

RBC Bets on Immigration in $10.1 Billion HSBC Canada Deal

Royal Bank of Canada (TSX:RY) (RBC) announced that it has entered into an agreement to purchase HSBC Bank Canada (HSBC Canada) for an all-cash purchase price of C$13.5 billion. HSBC Canada has C$134 billion in assets as of September 30, 2022, approximately 130 branches and 4,200 full-time equivalent staff.

Royal Bank of Canada to acquire HSBC Bank Canada for C$13.5B

British bank HSBC Holdings plc  (NYSE:HSBC) just inked a deal to sell its Canadian unit to the Royal Bank of Canada (RY) for roughly $10 billion in cash.

HSBC, Royal Bank of Canada Agree to $10 Billion Sale

Royal Bank of Canada unleashed a megadeal on Tuesday to pay C$13.5 billion ($10.1 billion) for the 130-branch Canadian unit of HSBC as it bulks up against its five Canadian rivals.

HSBC sells Canada unit to RBC in megabank deal

HSBC Holdings PLC (LSE:HSBA) suggested shareholders will get some bumper returns after it agreed to sell its Canadian business to Royal Bank of Canada for CA$13.5bn (US$10.1bn, £8.3bn) with the deal expected to complete in 2023. Shares in the FTSE 100-listed bank rose 4.3% as it estimated a pre-tax gain of $5.7bn on the deal.

HSBC sells Canadian arm to RBC, signals bumpers shareholder returns

RBC said deal, expected to close by late 2023, will enhance its competitiveness on global stage

HSBC Set to Sell Canadian Arm to Royal Bank of Canada for $10 Billion

Royal Bank of Canada RY, -2.24% RY, -1.19% said Tuesday it has reached an agreement to acquire HSBC Canada for C$13.5 billion ($10.1 billion) in cash. "This acquisition builds on our core domestic retail business and expands our international product capabilities," said Neil McLaughlin, Group Head, Personal & Commercial Banking, RBC.

Royal Bank of Canada to acquire HSBC Canada for C$13.5 billion in cash

HSBC has agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars ($10.04 billion) in cash, paving the way for a potential bumper payout for shareholders later down the line.

HSBC eyes bumper dividend from $10 bln sale of Canada business to RBC

LONDON--( BUSINESS WIRE )--HSBC Holdings plc (the ‘Company') announces its wholly owned subsidiary, HSBC Overseas Holdings (UK) Limited, has today entered into an agreement to sell its banking business in Canada (‘HSBC Canada') to Royal Bank of Canada (‘RBC'), subject to regulatory and governmental approvals, (the ‘Transaction').

HSBC Agrees to Sell Its Business in Canada to Royal Bank of Canada

NEW YORK, NY / ACCESSWIRE / October 31, 2022 / Aegis Capital Corp., (www.aegiscapcorp.com) a full-service wealth management, financial services and investment banking firm is pleased to announce Dr. Viren Desai has joined the firm as a Senior Managing Director of Healthcare Private Equity Investment Banking of SternAegis Ventures Dr. Desai has operational experience in medical markets, investment banking, and venture capital. He is currently a Senior Managing Director, Investment Banker with SternAegis Ventures.

Aegis Capital Corp. Announces the Hiring of a New Senior Managing Director of Private Equity Investment Banking

Royal Bank of Canada (TSX:RY) (RBC) is reportedly being investigated by the Canadian Competition Bureau for potentially using deceptive marketing practices, after receiving complaints the bank was greenwashing its advertising. An investigation is well underway, according to the reports, which said the Bureau had received multiple complaints calling for an inquiry into RBC's remarks on its commitment to climate action.

Royal Bank of Canada under investigation for alleged 'greenwashing'

Credit Suisse

Morgan Stanley

Credit Suisse Group AG is working with banks including Royal Bank of Canada (RBC) and Morgan Stanley on a potential capital increase, should it need to shore up its balance sheet and raise funds for its restructuring, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Credit Suisse taps RBC, Morgan Stanley for capital increase -Bloomberg News

Zurich-based Credit Suisse AG CS, +3.85% CSGN, +2.71% could seek at least $2 billion in a potential capital increase, and has lined up big banks just in case, according to a Tuesday report by Bloomberg, [l: which cited sources. Those banks include Morgan Stanley MS, +3.12% and Royal Bank of Canada RY, +1.08% RY, +1.25% , with the Qatar Investment Authority and Abu Dhabi's Mubadala Investment Co. having also been gauged for any interest.

Credit Suisse working with Morgan Stanley, others to possibly raise cash: report

CACEIS and Royal Bank of Canada have signed a Memorandum of Understanding on the potential acquisition of RBC Investor Services operations in Europe

CREDIT AGRICOLE SA: CACEIS and Royal Bank of Canada have signed a Memorandum of Understanding on the potential acquisition of RBC Investor Services operations in Europe

Toronto-Dominion Bank

The BOC is getting more hawkish due to inflation remaining well above the target range. Some investors fear that this will hurt banks due to a potential housing market slowdown.

Royal Bank Of Canada And Toronto-Dominion: Is The BOC Blowing Up The Housing Bubble?

TORONTO , Oct. 5, 2022 /PRNewswire/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced a donation of $150,000 USD to the American Red Cross in support of people who have been impacted by the devastation of Hurricane Ian. This donation comes from across RBC's U.S. businesses: RBC Capital Markets, RBC Wealth Management, City National Bank, and RBC Bank.

RBC announces $150,000 donation to support Hurricane Ian relief efforts

Royal Bank of Canada (NYSE:RY ) Barclays 2022 Global Financial Services Conference September 13, 2022 2:00 PM ET Company Participants Nadine Ahn - Chief Financial Officer Conference Call Participants Jacquelyn Titus - Barclays Jacquelyn Titus All right. So, good afternoon.

Royal Bank of Canada (RY) Presents at Barclays 2022 Global Financial Services Conference (Transcript)

SSgA Active Trust - SPDR Solactive Canada ETF

Why Canadian banks sold off on Q3 earnings? Could we see housing prices come under even more pressure from the impact of rising rates?

Q3 Hits And Misses: What's Next For Canada's Big Banks?

Royal Bank of Canada (NYSE:RY ) Scotiabank 23rd Annual Financial Summit September 7, 2022 9:35 AM ET Company Participants Dave McKay - President & Chief Executive Officer Conference Call Participants Meny Grauman - Scotiabank Meny Grauman So I'd like everyone to join me in warmly welcoming my first guest of the morning, Dave McKay, President and CEO of Royal Bank of Canada. Dave McKay Good morning.

Royal Bank of Canada (RY) Presents at Scotiabank 23rd Annual Financial Summit Conference (Transcript)

Canada is currently experiencing positive GDP growth. Real GDP grew at 3.3% in the second quarter.

Toronto-Dominion And Royal Bank: Buy Canada's Stellar Growth

Nordea Bank Abp

NRDBY vs. RY: Which Stock Is the Better Value Option?

NRDBY vs. RY: Which Stock Should Value Investors Buy Now?

Higher provisions and a decline in non-interest income hurt Royal Bank of Canada's (RY) fiscal Q3 earnings.

Royal Bank of Canada (RY) Stock Down 2.5% as Q3 Earnings Fall

Royal Bank of Canada (NYSE:RY ) Q3 2022 Earnings Conference Call August 24, 2022 8:00 AM ET Company Participants Asim Imran - Head, Investor Relations Dave McKay - President and Chief Executive Officer Nadine Ahn - Chief Financial Officer Graeme Hepworth - Chief Risk Officer Neil McLaughlin - Group Head, Personal and Commercial Banking Doug Guzman - Group Head, Wealth Management, Insurance and I&TS Derek Neldner - Group Head, Capital Markets Conference Call Participants Ebrahim Poonawala - Bank of America Meny Grauman - Scotiabank Gabriel Dechaine - National Bank Financial Mario Mendonca - TD Securities Paul Holden - CIBC Sohrab Movahedi - BMO Capital Markets Scott Chan - Canaccord Genuity Lemar Persaud - Cormark Securities Joo Ho Kim - Credit Suisse Nigel D'Souza - Veritas Investment Research Operator Good morning ladies and gentlemen. Welcome to RBC's Conference Call for the Third Quarter 2022 Financial Results.

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