Royal Bank Of Canada (NYSE:RY) a diversified financial service company, is expected to report third quarter earnings results, before market open, on Wednesday 26th August 2020.
Previous Quarter Performance
Royal Bank Of Canada revealed income for the second quarter of $ 0.75 per share, from the revenue of $ 7,491.00 million. Street analysts expected Royal Bank Of Canada to report income of $ 1.60 per share on revenue of $ 8,320.00 million for the second quarter. The bottom line results missed street analysts by $ 0.85 or 53.13 percent, at the same time, top line results fell short of analysts by $ 829 million or 9.96 percent.
Stock Performance
Shares of Royal Bank Of Canada traded high $ 0.79 or 1.06 percent on Tuesday, reaching $ 75.68 with volume of 409.70 thousand shares. The stock opened positive for the day at $ 75.44, after closing the previous day trading at $ 74.89.
According to the previous trading day, closing price of $ 74.89, representing a 51.14 % increase from the 52 week low of $ 49.55 and a 9.49 % decrease over the 52 week high of $ 82.74.
The company has a market capital of $ 107.95 billion and is part of the Financial Services sector and Banks – Global industry.
Recent Stock Dividend Announcement
On May 27, 2020, the board of directors authorized quarterly dividend of $ 1.08 per share to holders of record as of the close of business on July 27, 2020, with payment date of August 24, 2020 and ex-dividend date on July 24, 2020.
Conference Call
Royal Bank Of Canada will be hosting a conference call at 8:00 AM eastern time on 26th August 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 866-696-5910 Toll Free or 416-340-2217 (International), and the passcode is 3889659 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/4eomfjsk
Royal Bank of Canada operates as a diversified financial service company worldwide. The companys Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals. It also provides lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, and trade products and services to small and medium-sized commercial businesses.
