🏦 RBC Royal Bank ($RY) Q1 2025 Report
RBC beats expectations for the 7th straight quarter! 🚀 Strong income growth across all segments, especially wealth management.
🔹 Key Highlights
- Adjusted Earnings: $3.62/share (vs. $3.25 expected)
🔹 Earnings Growth
- Net Income: $5.1B (+43% YoY, +22% QoQ) - Highest since Q3 2016 (possibly all-time high)
- Wealth Management: +48%
- Capital Markets: +24%
- Insurance: +24%
- Personal Banking: +24%
🔹 Mixed Metrics
- Net Write-Offs: $487M (+7.3% YoY)
- Provisions for Credit Losses (PCL): $1.05B (+29% YoY)
- Allowance for Credit Losses (ACL): $6.9B (+23% YoY)
🔹 Other Info (February 27, 2025 Intraday)
- Dividend Yield: 3.45%
- P/E (TTM): 15.1
- Market Cap: $241B
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