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TORONTO, March 14, 2025 /CNW/ - RBC's 2024 Public Accountability Statement is now available at rbc.com/esgreporting. In accordance with Canadian federal regulations, this document outlines our contribution to the economy and society in Canada, which are key measures supporting RBC's Purpose to help clients thrive and communities prosper.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 98,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
TORONTO, March 12, 2025 /CNW/ - RBC Royal Bank is decreasing its prime rate by 25 basis points from 5.20 per cent per cent to 4.95 per cent per cent, effective March 13, 2025.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 98,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
TORONTO, March 10, 2025 /CNW/ - A majority of Quebecers are feeling 'fraud fatigue' and increasingly vulnerable as fraud becomes more personalized. According to RBC's annual Fraud Prevention Month Poll, almost all respondents in Quebec (96%) have seen more targeted and sophisticated scams, with nearly nine out of 10 (88%) noting a rise in scam attempts more than ever before (up from 71% in 2023).
TORONTO, March 10, 2025 /CNW/ - A majority of Canadians are feeling 'fraud fatigue' and increasingly vulnerable as fraud becomes more personalized. According to RBC's annual Fraud Prevention Month Poll, almost all respondents (98%) have seen more targeted and sophisticated scams, with nearly nine out of 10 (89%) noting a rise in scam attempts more than ever before (up from 77% in 2023).
TORONTO, March 6, 2025 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced it has filed its notice of annual and special meeting of common shareholders and management proxy circular for 2025 with securities regulators.
The circular contains information about RBC's annual and special meeting, which is scheduled to occur on April 10, 2025, including (i) the election of directors, (ii) the appointment of the bank's auditor, (iii) the approval of certain amendments to the bank's stock option plan and (iv) approval of an amendment to by-law two regarding increasing the maximum aggregate board compensation amount. It also contains a detailed description of the board's assessment of the performance of RBC named executive officers for fiscal 2024 and related compensation decisions.
TORONTO, Feb. 27, 2025 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) announced today that its board of directors has declared a quarterly common share dividend of $1.48 per share, payable on or after May 23, 2025, to common shareholders of record at the close of business on April 24, 2025.
The board also declared dividends for the following Non-Cumulative First Preferred Shares, payable on or after May 23, 2025, to shareholders of record at the close of business on April 24, 2025.
All amounts are in Canadian dollars and are based on financial statements presented in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our Q1 2025 Report to Shareholders and Supplementary Financial Information are available at http://www.rbc.com/investorrelations and on https://www.sedarplus.com/.
Net income$5.1 BillionUp 43% YoY
Diluted EPS1$3.54Up 42% YoY
Total PCL1$1,050 MillionPCL on loans ratio1up 7 bps1 QoQ
ROE116.8%Up 370 bps YoY
CET1 ratio213.2%Above regulatory requirements
Adjusted net income3$5.3 BillionUp 29% YoY
Adjusted diluted EPS3$3.62Up 27% YoY
Total ACL1$6.9 BillionACL on loans ratio1up 4 bps QoQ
Adjusted ROE317.2%Up 230 bps YoY
LCR4128%Unchanged from 128% last quarter
TORONTO, Feb. 25, 2025 /CNW/ - Canada's agricultural sector is poised to lead a new era of trade diversification, but only if it acts decisively. A new RBC Thought Leadership report, Food First: How Agriculture Can Lead a New Era for Canadian Exports, outlines a plan to expand Canada's global market share by 30% and drive $44 billion in new agri-food exports by 2035.
"This research highlights a critical moment for Canada's agri-food sector. While Canada's agricultural exports have quadrupled in value since 2000, its global market share has shrunk by 12% as competitors like Brazil and Australia expand into high-growth regions. With rising trade uncertainty and escalating tariffs in North America, Canada must accelerate efforts to diversify its trading partners, particularly in Southeast Asia, Africa, and the Middle East," states Lisa Ashton, Agriculture Policy Lead, RBC Thought Leadership and author of the report.
TORONTO, Feb. 25, 2025 /CNW/ - Dave McKay, President and Chief Executive Officer of Royal Bank of Canada (TSX: RY) (NYSE: RY) will be participating in a fireside chat with Derek Neldner, CEO and Group Head, RBC Capital Markets, taking place in New York from 8:00 a.m. to 8:35 a.m. on March 4, 2025 (EST).
A link to the live audio webcast will be available on RBC's website at http://www.rbc.com/investorrelations/events-presentations.html on March 4, 2025. The webcast will be archived for three months.
MINNEAPOLIS, Feb. 25, 2025 /PRNewswire/ - Global institutional investors are feeling bullish about the return potential from fixed income hedge funds, according to research commissioned by RBC Global Asset Management. The report revealed that nearly two-thirds of global institutional investors (63%) expect annual returns of 10% or higher from fixed income hedge funds.
However, in contrast to investors' expectations looking forward, fewer than half (47%) of fixed income hedge fund investors surveyed reported having earned double-digit returns. Fifty-two percent of investors said their annual fixed income hedge fund performance ranged between 5-9%.