Royal Bank of Canada
RY: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|^& | LOCK|t# | LOCK|qbMR?>q< |
Royal Bank of Canada Earnings: Net Interest Income Growth Lags Peers; Share Remain Overvalued
Royal Bank of Canada reported solid fiscal third-quarter results. Adjusted earnings per share of CAD 4.28 grew 11% from the prior-year quarter. The results translate into an adjusted return on equity of 17.9%, above the bank's medium-term target of 17.0%-plus.
