RY Earnings Prediction
The chart below shows how RY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RY sees a +0.54% change in stock price 10 days leading up to the earnings, and a +0.39% change 10 days following the report. On the earnings day itself, the stock moves by +0.62%. This data can give you a slight idea of what to expect for the next quarter's release.
RY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
14.01B
13.92%
1.62%
Gross Margin
--
--
--
Operating Margin
37.14%
6.36%
-5.69%
Net Margin
30.14%
-10.27%
-7.38%
EPS
2.91
0.34%
-5.83%
No Data Available
RY Earnings Analysis
Royal Bank of Canada Corporation (RY.N) Earnings Conference Call
Positive
Fourth Quarter Earnings Report: RBC reported fourth quarter earnings of $4.2 billion, including $265 million from the acquisition of HSBC Canada.
Adjusted Earnings Increase: Adjusted earnings of $4.4 billion were up 18% year-over-year, or 9% excluding adjusted earnings of $318 million from HSBC Canada.
Operating Leverage Performance: RBC generated all-bank operating leverage of 7%, or 4% on an adjusted basis.
Earnings Performance Overview: RBC delivered earnings of $16.2 billion for the fiscal year, or adjusted earnings of over $17 billion.
Capital Adequacy Ratio: RBC ended the year with a common equity Tier 1 ratio of 13.2%, resulting in $5 billion of excess capital above a 12.5% level.
Negative
Adjusted Earnings Growth: Adjusted earnings of $4.4 billion were up 18% year-over-year, but excluding adjusted earnings of $318 million from HSBC Canada, the growth was only 9%.
Credit Loss Provision Stability: Provision for credit loss on impaired loans remained largely stable quarter-over-quarter at 26 basis points, indicating potential issues in credit quality.
Earnings Performance Analysis: RBC delivered earnings of $16.2 billion for the fiscal year, or adjusted earnings of over $17 billion, which may not meet market expectations.
Excess Capital Analysis: The bank ended the year with a common equity Tier 1 ratio of 13.2%, resulting in $5 billion of excess capital above a 12.5% level, which may indicate overcapitalization.
Economic Outlook Challenges: The economic backdrop in Canada has been underperforming, with expectations for relatively slower growth and weaker labor market conditions, which could impact future earnings.
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RY Earning Call Sentiment
Royal Bank of Canada (RY) Q4 2024 Earnings Call Transcript
1.0x
00:00
00:00
RY.N
-0.02%Positive
The earnings call highlights strong financial performance, including a 17% increase in net interest income and a 20% rise in wealth management revenue. Despite some concerns about rising impaired loans, the management's confidence in achieving a 16% ROE and strategic capital deployment is reassuring. The 4% dividend increase and share repurchases further boost investor confidence. Although there are some uncertainties in residential mortgages, the overall sentiment is positive due to robust growth and strategic initiatives.