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NYSE · Banking
Royal Bank Of Canada
$200.95
-1.03 (-0.51%)
RY News30 articles
Micron Rallies 3.2% Ahead of Earnings, 86% Margin in Focus
Micron shares gained 3.2% to $1,076.98 on Tuesday, eight days before fiscal Q4 results. The company's 86% gross margin and $50 billion revenue guidance face a critical test on September 30.
Canada's C$500B Summit: Bank Financing Dominates Pledges
Canada's summit pledges C$500B, but C$325B is bank financing. TD, Scotiabank, BMO lead; Bell AI hub, Maple Fund included.
Canada's Mortgage Rate Gap: Fixed at 4.09% vs Variable at 3.30%
Canada's lowest advertised fixed mortgage rate is 4.09% versus 3.30% variable. The 79-basis-point gap costs fixed borrowers C$211/month more, but variable rates carry future risk.
Canadian Fixed Mortgage Rates Climb Despite BoC Hold; Bank Investors Eye Renewals
Fixed mortgage rates in Canada are rising due to higher bond yields, despite the Bank of Canada holding its policy rate at 2.25%. Banks face a mixed outlook as higher yields boost margins but volumes and credit risks loom.
BRP Shares Slide as US-Canada Trade Dispute Shifts to Import Bans
BRP Inc. shares dropped 2.22% after US imposed import bans on Canadian motorcycles over 800cc, affecting Can-Am Spyder. The trade war escalates from tariffs to market access restrictions.
TSX Drops 1.1% as Shopify, Financials Drag; Oil Rally Not Enough
The TSX fell 1.1% to 36,123, dragged by Shopify's 7.8% plunge and financial sector weakness, even as oil prices rallied.
Fixed-Rate Mortgage Premium Widens as Bank of Canada Holds Rates
The gap between Canada's lowest fixed and variable mortgage rates widened to 79 basis points after the Bank of Canada held its policy rate, adding C$211 to monthly payments on a C$500,000 mortgage.
TD Bank's Record Quarter Puts Valuation Under Scrutiny
TD Bank reported a 21% rise in adjusted profit, lifting shares to C$166.75. The bank's valuation at 17.9 times earnings faces market scrutiny.
Scotiabank Hits Record Profit, ROE Exceeds Target, Shares Jump 5%
Scotiabank shares jumped 5% after record quarterly profit lifted adjusted ROE to 14.2%, above its 14% target and beating analyst forecasts. Revenue rose 11.1%.
UiPath Stock Trades 18% Above Analyst Targets as Maestro Flow Launch Nears Earnings
UiPath shares trade 18% above analyst targets following Maestro Flow launch. Earnings on September 3 will test whether product expansion can offset slowing revenue growth.
Scotiabank Shares Slip 1.7% as Analyst Targets Signal Limited Upside Ahead of Q3
BNS shares dropped 1.68% to $86.22, with the average analyst target implying only 1.4% upside. Q3 results are due Aug 25.
Broadcom's AI Surge Tests $370B Financing Strategy
Broadcom's AI chip orders exceeded $30B in Q2, but a $370B financing need looms. Shares fell 5.94% as investors assess the capital challenge.
RBC, BMO Sell Moneris in C$2B Deal, Keep Payment Ties
RBC and BMO have agreed to sell Moneris Solutions to Francisco Partners for C$2 billion, with RBC expecting an after-tax gain of about C$475 million. The banks will maintain long-term referral agreements.
S&P 500 Options Sentiment Hits 4-Year Bullish Peak as Rally Loses Steam
S&P 500 call-to-put ratio hits 0.9, a four-year high, even as index slips. JPMorgan raises target to 8,000, but limited upside remains.
DoubleVerify acquisition spread narrows as closing delayed to 2027
DoubleVerify's acquisition by Nielsen faces a delayed close to Q1 2027, trimming the spread to 2.95% and annualized returns to 4.6%, barely above T-bill yields.
Barrick Mining's North American IPO Faces Investor Pushback Amid Stock Surge
Barrick Mining faces shareholder resistance over its planned North American IPO, which would list a minority stake in its key gold assets. The stock surged 19% last week.
Realty Income's Private Capital Pivot Pressures Acquisition Spreads
Realty Income (O) closed Friday at $62.51, with private buyers driving funding strategy amid tightening acquisition spreads. Q2 AFFO rose 3.8%, guidance mixed.
RTX Nears Record High as Defense Orders Surge, Cash Flow Concerns Loom
RTX stock closes near 52-week high as defense backlog grows, yet its free cash flow yield trails Lockheed and Northrop, raising questions about execution.
3M Shares Rally 15% Post-Earnings, Valuation Outpaces Guidance
3M shares jumped 15% post-earnings, but the rally is mostly multiple expansion. Analysts' consensus target is slightly below the current price.
Rocket Companies Bounces Back on Servicing Deal, Record Refi Share
Rocket Companies shares recovered 3.8% to $13.72 after a $795M servicing deal, while Q2 revenue doubled and refinance share hit an all-time high.
Palantir's 40% Surge Ends as AI Backlog Growth Fuels Valuation Debate
Palantir shares ended a 40% weekly rally at $172.01 as Q2 revenue surged 93% and U.S. commercial backlog expanded 153%, pushing valuation to 51x sales.
Coeur Mining Stock Rebounds Despite Q2 Free Cash Flow Per Share Dip
Coeur Mining (CDE) recovered 5.4% in premarket trading after Thursday's drop, but Q2 free cash flow per share slipped 1.9% as guidance was lowered.
Zeta Global Soars 15% on Upbeat Cash Flow Forecast
Zeta Global (ZETA) surged 15% after reporting Q2 revenue growth of 44% and a sharp increase in free cash flow guidance for 2026, leading to multiple analyst price target hikes.
Pfizer Stock Rises as Non-COVID Drugs Offset Pandemic Revenue Slump
Pfizer's Q2 beat estimates as four growth brands offset COVID revenue declines. Shares rose 1.48% premarket.
QXO Shares Slip After TopBuild Deal, 312.5 Million New Shares Enter Market
QXO stock dropped 7.5% after its TopBuild deal, as 312.5 million new shares hit the market. The company faces integration challenges and debt paydown pressure.
Tesla-SpaceX Deal Premium Swells to $428 Billion as Exchange-Rate Risks Loom
The Tesla-SpaceX merger premium has ballooned to $428 billion, with RBC raising Tesla's target to $500. J.P. Morgan cautions on China and governance risks.
TD Bank Trails TSX Despite $44B Rally Since April
TD Bank shares advanced in Toronto but trailed the broader TSX, which was lifted by metals stocks. The bank has added roughly C$44 billion in market value since its last quarter-end.
Scotiabank's Dividend Yield Premium Holds Ahead of Ex-Dividend Date
Scotiabank stock closed at C$122.39, yielding 3.73%—109 bps above the peer median—as it prepares to go ex-dividend on July 7 with a C$1.14 quarterly payout.
FFN Class A Shares Rise After Split, Preferreds Trade at Discount
FFN Class A shares rose 1.08% after a 110-for-100 split, while preferreds trade at C$10.73, below the C$10.90 offering price, with a yield near 7%.
RBC Shares Outpace Analyst Targets as ETF Weight Amplifies Moves
Royal Bank of Canada shares continue to trade near record levels, outpacing analyst price targets, as the bank's significant weighting in major ETFs magnifies its market influence.