Reports Q4 revenue C$15.07B vs. C$12.69B last year. Dave McKay, President and Chief Executive Officer of Royal Bank of Canada (RY) said, “In 2024, RBC relentlessly pursued our ambition to stay ahead of evolving client expectations and create unparalleled value. As our results exemplify, our premium franchises delivered diversified revenue growth, underpinned by a strong balance sheet and prudent risk management. One of our year’s defining moments was the acquisition of HSBC Bank Canada, which marked a pivotal milestone in our client-driven growth story and strengthened our position as a competitive global financial institution. We also elevated a new generation of leaders across the bank to continue delivering trusted advice and experiences to rival the best in any industry. As we enter 2025 from a position of strength, I’m fully confident in Team RBC’s ability to continue going above-and-beyond to support those we serve, each and every day.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on RY:
- Options Volatility and Implied Earnings Moves This Week, December 02 – December 05, 2024
- Is RY a Buy, Before Earnings?
- Royal Bank of Canada price target raised to C$197 from C$167 at Scotiabank
- Royal Bank of Canada upgraded to Overweight from Equal Weight at Barclays
- Royal Bank of Canada price target raised to C$181 from C$169 at National Bank
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
