Old North State Trust LLC purchased a new stake in Royal Bank Of Canada (NYSE:RY - Free Report) (TSE:RY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,089 shares of the financial services provider

Hsbc Holdings PLC acquired a new position in Royal Bank Of Canada (NYSE:RY - Free Report) (TSE:RY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 108,887 shares of the financial services provide

Detailed price information for Royal Bank of Canada (RY-N) from The Globe and Mail including charting and trades.

Royal Bank of Canada (RBC) reported a record third-quarter net income of C$6.02 billion, an 11% increase year-over-year, with diluted earnings per share (EPS) rising 13% to C$4.23. The bank's strong performance was driven by a 32% growth in Wealth Management and a 16% increase in Capital Markets income, offsetting a slight decline in Personal Banking-Canada. Scotiabank responded by raising RBC's price target to C$312 from C$311 and maintaining an "Outperform" rating, reflecting confidence in RBC's continued growth and strong capital position. This positive outlook highlights RBC's robust earnings and strategic business segments as key drivers for investors.

Royal Bank of Canada reported a record net income of C$6.0 billion for Q3, an 11% increase year-over-year, with adjusted earnings per share rising 11% to C$4.28. The bank's book value per share reached C$96.73, reflecting steady 9% annual growth over the past decade, highlighting strong capital compounding. Growth was driven by a diversified business mix, with Wealth Management up 32% and Capital Markets up 16%, offsetting a slight 1% decline in Personal Banking Canada. The bank's focus on fee-based businesses and technology, including AI initiatives targeting C$700 million to C$1 billion in value by 2027, supports its premium valuation and future growth prospects.

Bank executives say they’re prepared for uncertainty ahead

Royal Bank Of Canada (NYSE:RY) (TSE:RY) announced a quarterly dividend on Thursday, August 27th. Shareholders of record on Monday, October 26th will be given a dividend of 1.76 per share by the financial services provider on Tuesday, November 24th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, October 26th.