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Royal Bank of Canada - RY STOCK NEWS

Welcome to our dedicated page for Royal Bank of Canada news (Ticker: RY), a resource for investors and traders seeking the latest updates and insights on Royal Bank of Canada stock.

Royal Bank of Canada (RY) is a leading Canadian multinational financial services company, renowned as the largest bank in Canada by market capitalization. With its headquarters in Toronto, RBC serves over 17 million clients worldwide and employs more than 89,000 people across the globe.

Founded in 1864, RBC offers a diverse array of financial services, including personal and commercial banking, wealth management, insurance, corporate banking, and capital markets services. The bank's operations are primarily concentrated in Canada, but it also has significant presence in the United States and other international markets.

RBC's commitment to innovation and client-centric services has positioned it as a leader in the financial sector. Recently, RBC Capital Markets launched RBC Clear™, an innovative Cash Management solution designed to deliver a seamless cash management experience for Fortune 1000 corporations in the U.S. This platform offers unique features that enhance transaction transparency and traceability in near real-time.

Moreover, RBC Clearing & Custody plays a crucial role in supporting firms like Aegis Capital Corporation, providing them with conflict-free service platforms and a full range of products and services including investment banking, wealth management, and more.

Financial stability is a hallmark of RBC, underpinned by a strong capital base and consistent financial performance. As a globally recognized institution, RBC is committed to helping its clients thrive and contributing positively to communities through donations, community investments, and employee volunteer activities.

For the latest updates on RBC's financial performance and strategic initiatives, visit the StockTitan RBC page.

News

Royal Bank of Canada announces NVCC AT1 Limited Recourse Capital Notes issue

Rhea-AI Summary
Royal Bank of Canada (RY) announces the issuance of US$1.0 billion NVCC AT1 Recourse Capital Notes, Series 4, with an interest rate of 7.500 percent annually. The offering is registered with the SEC and will mature on May 2, 2084. RBC Capital Markets, , BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities , Morgan Stanley & Co. , MUFG Securities Americas Inc., and UBS Securities are the joint book-running managers. Net proceeds will be used for general business purposes.
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RBC Capital Markets launches RBC Clear™, a Cash Management solution that will focus on Fortune 1000 corporations in the United States

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RBC Capital Markets launches RBC Clear™, a Cash Management solution targeting Fortune 1000 corporations in the U.S. The platform offers seamless onboarding, enhanced transparency in payments, proactive self-service options, and enriched insights for clients.
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RBC Wealth Management survey: Retirement worries intensify as planning and saving get more complex

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The Retirement Paycheck survey conducted by RBC Wealth Management reveals that top concerns for those approaching retirement include outliving assets, managing healthcare costs, and creating reliable income in retirement. Market volatility, dying early, and leaving a legacy are also increasing concerns. 43% of retirees are worried about outliving their assets.
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Aegis Capital Corp. Announces the Hiring of a New Managing Director

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Aegis Capital Corp. (Aegis) announces the addition of William 'Jeffrey' Carlton, CIMA® as Managing Director. With over $350 million in client assets, Jeff brings extensive experience from firms like UBS, Smith Barney, and Wheat First Securities. He is known for building trust with clients and offering top-notch service and comprehensive strategies. Aegis CEO Robert Eide and Head of Business Development Michael Pata express excitement for Jeff's client-oriented approach and Aegis' continued expansion in 2024.
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Aegis Capital Corp. Announces the Hiring of a Fixed Income Trader

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Aegis Capital Corp. (Aegis) announces the addition of Francis McKenna, an experienced Fixed Income Sales & Trading/Senior Vice President of Investments. McKenna brings over 20 years of expertise in various fixed income asset classes, previously working at Chilton Investments Services, Morgan Stanley, and Merrill Lynch. Aegis' CEO and Head of Business Development express excitement and confidence in McKenna's ability to enhance the firm's fixed income department.
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RBC Global Asset Management (U.S.) Named One of Pensions & Investments'; Best Places to Work in Money Management

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RBC Global Asset Management (U.S.) (Ticker: RBC) has been recognized as one of the best places to work in money management in 2023 by Pensions & Investments. The company's CEO, Mike Lee, emphasized the firm's culture, purpose, and values that contribute to a positive work environment. The recognition was based on a survey program dedicated to identifying and acknowledging the best employers in the money management industry, focusing on inclusivity and employee support.
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Mild recession, bond bounce back likely in 2024, RBC Wealth Management suggests

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RBC Wealth Management released its Global Insight 2024 Outlook, predicting a mild recession in the first half of 2024 due to the Federal Reserve's aggressive rate hike. The report suggests that U.S. stock market will face more political and economic crosscurrents than usual, and U.S. bond yields are elevated, offering a wider range of investment options. The report recommends holding Market Weight exposure to U.S. equities and tilting portfolio holdings toward reasonably valued stocks of high-quality companies with reliable cash flow generation, sustainable dividends, and strong management teams. Small-capitalization stocks and U.S. fixed income are also viewed favorably.
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RBC announces additional $1 million donation to United Jewish Appeal Federation of New York, American Friends of Magen David Adom and Save the Children

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RBC announces $1 million donation to support humanitarian and relief efforts
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RBC announces Greg Carmichael as executive chair, City National Bank board of directors

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RBC appoints Greg Carmichael as executive chair of City National Bank, strengthening its platform for the future as a leading U.S. private and commercial bank. Carmichael brings a client-centered and digital-first mindset, key to driving performance. Positive for RBC and City National Bank's future growth strategy.
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RBC GAM wins two Envestnet Asset Manager Awards for portfolio management excellence

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FAQ

What is the current stock price of Royal Bank of Canada (RY)?

The current stock price of Royal Bank of Canada (RY) is $126.49 as of October 17, 2024.

What is the market cap of Royal Bank of Canada (RY)?

The market cap of Royal Bank of Canada (RY) is approximately 179.3B.

What is Royal Bank of Canada known for?

Royal Bank of Canada is known for being the largest bank in Canada by market capitalization, offering a wide range of financial services including banking, wealth management, insurance, and capital markets.

Where is RBC headquartered?

RBC is headquartered in Toronto, Canada.

What recent innovation has RBC introduced?

RBC recently introduced RBC Clear™, an innovative Cash Management solution for Fortune 1000 corporations in the U.S., enhancing transaction transparency and traceability.

How many clients does RBC serve?

RBC serves over 17 million clients worldwide.

How many employees work at RBC?

RBC employs more than 89,000 people globally.

When was RBC founded?

RBC was founded in 1864.

In which countries does RBC operate?

RBC operates primarily in Canada, with significant operations in the United States and other international markets.

What services does RBC Clearing & Custody provide?

RBC Clearing & Custody provides a conflict-free service platform, offering investment banking, wealth management, insurance, and other financial products and services.

Is RBC financially stable?

Yes, RBC is financially stable, supported by a strong capital base and consistent financial performance.

How does RBC contribute to communities?

RBC contributes to communities through donations, community investments, and employee volunteer activities.

Stock RY logo
Royal Bank of Canada

NYSE:RY

RY Rankings

#57 Ranked by Market Cap
#673 Ranked by Dividends

RY Stock Data

179.32B
1.41B
0%
52.67%
1.45%
Banks - Diversified
Financial Services
Link
United States of America
Toronto