RY
NYSE · Banking
Royal Bank Of Canada
$215.62
+0.62 (+0.29%)
RY News30 articles
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.
RBC Shares Dip as OSFI Reduces Capital Buffer for Big Banks
Royal Bank of Canada shares slipped 0.36% as OSFI reduced the Domestic Stability Buffer to 3.0%, freeing capital for lending but not immediately boosting earnings.
TD Bank Hits 52-Week High After OSFI Cuts Capital Buffer
TD Bank shares hit a 52-week high after Canada's OSFI lowered the Domestic Stability Buffer to 3.0%, freeing up capital for lending. The stock rose 0.44% to C$169.38, but U.S. anti-money-laundering issues remain a key risk.
TD Bank Shares Surge to 52-Week Peak on Wholesale Earnings and Leadership Revamp
TD Bank shares rose to a 52-week high on record wholesale earnings and a leadership reshuffle at TD Securities, as the broader Canadian market also hit new highs.
RBC Shares Surge to 52-Week High Amid Mixed Toronto Market
RBC shares hit a 52-week high of C$277.09, closing up 1.24% at C$276.01, after Q2 net income of C$5.5 billion beat estimates, as the TSX slipped 0.2%.
TSX Advances as Tech and Gold Rally Mask Economic Weakness
Canada's S&P/TSX Composite gained 0.7% on Friday, closing May up 2.4% and near record highs, driven by tech and gold stocks despite weak GDP data.
CIBC Stock Dips Despite Strong Earnings and Caribbean Asset Sale
CIBC shares fell 5.5% despite beating Q2 profit estimates and announcing the sale of its Caribbean unit for about $1.6 billion.
Butterfield Acquires CIBC Caribbean for $1.8B, Reshaping Regional Banking
Butterfield acquires CIBC's majority stake in CIBC Caribbean for $1.8B, adding 41 branches across 10 countries and boosting assets to $29B. CIBC sharpens North American focus.
Canadian Stocks Hit New High as Tech and Mining Rally Offsets Energy Slide
The S&P/TSX Composite Index reached a new closing record of 34,830.89, up 1%, as tech and mining stocks advanced, while energy shares declined on a near 7% drop in Brent crude.
RBC Stock Hits New 52-Week High Ahead of Q2 Earnings Report
Royal Bank of Canada shares hit a new 52-week high of C$265.10 on the TSX, driven by optimism ahead of its Q2 earnings release on May 28. The broader TSX also set a record, buoyed by hopes of U.S.-Iran talks.
BMO Shares Near Record as TSX Hits New High Ahead of Q2 Earnings
Bank of Montreal shares rose to a 52-week high on the TSX, nearing record levels ahead of its fiscal Q2 earnings report on May 27. The bank's dividend of C$1.67 is due May 26.
TD Bank Shares Hit 52-Week High Ahead of Q2 Earnings Report
TD Bank shares hit a 52-week high in Toronto ahead of its Q2 earnings report on May 28, with investors focused on margin pressure and US compliance costs.
RBC Shares Rise Ahead of Q2 Earnings Amid Analyst Divergence
RBC shares rose 1.46% to C$261.09 ahead of its May 28 fiscal Q2 earnings report, with analysts split on the bank's outlook.