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Royal Bank of Canada (N:RY)

Business Focus: Banks

Sector:  Financials Industry:  Banks
 
Company Contact
Address: Royal Bank Plaza, 200 Bay Street
TORONTO ON M5J2J5
Tel: N/A
Website: https://www.rbcroyalbank.com
IR: See website
Key People
David I. Mckay
President, Chief Executive Officer, Director
Bruce Ross
Group Head - Technology and Operations
Katherine Gibson
Interim Chief Financial Officer
Derek Neldner
Group Head and Chief Executive Officer - RBC Capital Markets
Kelly Pereira
Chief Human Resource Officer
Christoph Knoess
Chief Administrative and Strategy Officer
Graeme Hepworth
Chief Risk Officer
Maria E. Douvas
Chief Legal Officer
Douglas Antony Guzman
Group Head - Wealth Management, Insurance, Investor and Treasury Services
Neil Mclaughlin
Group Head - Personal, Commercial Banking and RBC Ventures
   
Business Overview
Royal Bank of Canada is a global financial institution. Its business includes Personal & Commercial Banking, Wealth Management, Investor Services, Capital Markets and Insurance. The Personal & Commercial Banking comprises its personal banking operations and certain retail investment businesses in Canada, the Caribbean and United States, as well as its commercial and corporate banking operations in Canada and the Caribbean. Wealth Management provides a full suite of investment, trust and other wealth management solutions and businesses. Capital Markets provides public and private companies, institutional investors, governments and central banks globally with a range of capital markets products and services across its two main business lines, Corporate and Investment Banking and Global Markets. Insurance offers a range of life, health, home, auto, travel, wealth and reinsurance advice and solutions, and creditor and business insurance services to individual, business and group clients.
Financial Overview
For the three months ended 31 January 2024, Royal Bank of Canada interest income increased 32% to C$25.61B. Net interest income after loan loss provision decreased 3% to C$5.52B. Net income applicable to common stockholders increased 14% to C$3.52B. Net interest income after loan loss provision reflects Capital Markets segment decrease of 30% to C$494M, Personal & Commercial Banking segment decrease of 1% to C$3.58B, Net Interest Margin.