Royal Bank Of Canada (NYSE:RY) (TSE:RY) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.36, Briefing.com reports. Royal Bank Of Canada had a net margin of 22.98% and a return on equity of 16.63%. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter last year, the firm posted $1.65 earnings per share. Royal Bank Of Canada’s revenue for the quarter was up 12.4% compared to the same quarter last year.

Shares of Royal Bank Of Canada (NYSE:RY) traded up $0.51 during trading hours on Wednesday, reaching $78.90. 1,408,500 shares of the company’s stock traded hands, compared to its average volume of 975,019. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.89 and a quick ratio of 0.89. Royal Bank Of Canada has a one year low of $64.82 and a one year high of $80.98. The firm has a market capitalization of $114,310.00, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 1.98 and a beta of 1.08.

Several analysts have issued reports on RY shares. Zacks Investment Research downgraded shares of Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Macquarie started coverage on shares of Royal Bank Of Canada in a research report on Tuesday, October 24th. They issued an “underperform” rating for the company. Scotiabank downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 21st. Howard Weil downgraded shares of Royal Bank Of Canada to a “sector perform” rating in a research report on Monday, August 21st. Finally, BidaskClub raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $91.50.

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About Royal Bank Of Canada

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

Earnings History for Royal Bank Of Canada (NYSE:RY)

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