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. |