Sat, December 7, 2024
[ Sat, Dec 07th 2024 ]: MSN
The Week That Was December 62024
[ Sat, Dec 07th 2024 ]: MSN
Inbusinessnewproblemsneednewsolutions
[ Sat, Dec 07th 2024 ]: AOL
Whatiscreditcardchurning
Fri, December 6, 2024
[ Fri, Dec 06th 2024 ]: MSN
3waystoearnanextra 500fortheholidays
Thu, December 5, 2024
[ Thu, Dec 05th 2024 ]: techUK
The Scottish Budget 2024
[ Thu, Dec 05th 2024 ]: Bill Williamson
Zingersandapileofvotes
Wed, December 4, 2024
Tue, December 3, 2024

Royal Bankof Canada NYSERY Q 42024 Earnings Call Transcript

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ada-nysery-q-42024-earnings-call-transcript.html
  Print publication without navigation Published in Business and Finance on by Bill Williamson
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  Q4 2024 Earnings Call Transcript December 4, 2024 Operator: Good morning, ladies and gentlemen. Welcome to the RBC's 2024 Fourth Quarter Results Conference Call. Please be advised that this call is being recorded.

The Royal Bank of Canada (NYSE: RY) held its Q4 2024 earnings call, where CEO Dave McKay and CFO Nadine Ahn discussed the bank's financial performance. They highlighted that despite a challenging economic environment, RBC achieved solid earnings with adjusted earnings per share of $2.90, up from $2.78 in the previous year. Key points included a 1% increase in net income to $4.3 billion, driven by growth in Canadian Banking and Wealth Management, although this was offset by higher provisions for credit losses due to economic uncertainties. The bank also noted a strong capital position with a Common Equity Tier 1 ratio of 14.5%. Strategic initiatives like digital transformation and cost management were emphasized, alongside the integration of HSBC Canada, which is expected to enhance RBC's market position. The call also touched on the bank's approach to managing risks, including cybersecurity and regulatory compliance, and provided an outlook for 2024, expecting continued growth but with cautious optimism due to potential economic headwinds.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/royal-bank-of-canada-nyse-ry-q4-2024-earnings-call-transcript/ar-AA1vkidv ]