royal bank of canada (RY:New York)
royal bank of canada (RY) Snapshot
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Open
$59.36
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Previous Close
$59.38
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Day High
$60.15
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Day Low
$59.30
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52 Week High
02/19/13 - $64.08
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52 Week Low
06/28/12 - $48.70
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Market Cap
86.5B
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Average Volume 10 Days
601.5K
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EPS TTM
$5.19
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Shares Outstanding
1.4B
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EX-Date
07/23/13
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P/E TM
11.8x
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Dividend
$2.52
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Dividend Yield
3.97%
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Related News
royal bank of canada (RY) Related Businessweek News
royal bank of canada (RY) Details
Royal Bank of Canada provides personal and commercial banking, wealth management, insurance, investor and treasury, and capital markets services worldwide. The company’s Personal & Commercial Banking segment provides personal, automotive, and business financial services, as well as cards and payment solutions. Its Wealth Management segment offers investment, trust, banking, credit, and other wealth management solutions to affluent, high net worth, and ultra high net worth clients; and asset management products and services directly to institutional and individual clients, as well as through distribution channels and third-party distributors. The company’s Insurance segment provides various life and health insurance, including universal life, term life, critical illness, disability, long-term care insurance, and group benefits; property and casualty insurance comprising home, auto, and travel insurance, as well as wealth accumulation solutions; and reinsurance products through retail insurance branches, field sales representatives, call centers, online network, independent insurance advisors, and travel agencies. Its Investor & Treasury Services segment offers global custody, fund, and pension administration; and a suite of products to institutional investors, as well as cash management, correspondent banking, trade finance, funding, and liquidity management services to financial institutions. The company’s Capital Markets segment is involved in the fixed income, foreign exchange, equity sales and trading, repos and secured financing, and commodities businesses, as well as engages in debt and equity origination, mergers and acquisitions advisory services, loan syndication, research, private equity, corporate lending, client securitization, and global credit businesses. This segment serves public and private companies, institutional investors, governments, and central banks. Royal Bank of Canada was founded in 1864 and is headquartered in Toronto, Canada.
royal bank of canada (RY) Top Compensated Officers
royal bank of canada (RY) Key Developments
Royal Bank of Canada and several units were sued by Rakuten Bank Ltd. over claims it marketed and sold unsuitable securities backed by deteriorating mortgage loans that wiped out a $10-million U.S. investment. RBC induced Rakuten to invest JPY 1 billion ($10.3 million) in a tranche of notes in a collateralized debt obligation called Logan CDO III Ltd., in June 2007. The lawsuit, which accuses RBC of fraudulent misrepresentation, is seeking to recover the U.S. dollar equivalent of the investment plus interest.
Royal Bank of Canada (TSX:RY) (RBC) is looking for "bite-sized" deals in wealth management, particularly equity managers with potential deal prices in the CAD 500 million-CAD 2 billion range, "maybe" CAD 3 billion, Chief Financial Officer of RBC, Janice Fukakusa said. “What we’re looking at is more on the wealth-management side in terms of asset management,” Fukakusa said. “We’re looking at expanding some of our product capability and distribution capability in markets where we have a lower presence.” RBC would favor deals that expanded its equity capability, “given where the fixed-income cycle is,” she said.
The Royal Bank of Canada has agreed to pay West Virginia $175,000 to remove itself from a massive lawsuit involving allegations of collusion and bid riggings. About a third of that money will go to the private attorneys hired by the state in the case. The bank and the state Attorney General's Office agreed in April to the details of the settlement. A judge approved the settlement in May, according to legal website Law360. The lawsuit is 'multidistrict litigation,' which means West Virginia is one of many other states involved. West Virginia was the only state with claims against RBC. West Virginia and the others involved in the larger lawsuit allege the bank and other big companies - Bank of America, JP Morgan Chase, Merrill Lynch, Morgan Stanley, Wells Fargo -worked to earn money from sales involving something called municipal derivatives.
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| RY:US | $59.92 USD | +0.54 |  |
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Industry Analysis
RY
Industry Average
| Valuation | RY | Industry Range |
| Price/Earnings | 11.3x |
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| Price/Sales | 2.9x |
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| Price/Book | 2.1x |
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| Price/Cash Flow | 10.7x |
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| TEV/Sales | NM | Not Meaningful |
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To contact ROYAL BANK OF CANADA, please visit www.rbcroyalbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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