The bank held its quarterly dividend steady at 79 Canadian cents a share.
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CWB has been the subject of a number of other reports.
More notable recent Royal Bank of Canada (TSE:RY) news were published by: Fool.ca which released: “Toronto-Dominion Bank vs Royal Bank of Canada: Which Is a Better Bet Today?” on November 23, 2015, also Wsj.com with their article: “Delaware Supreme Court Upholds Ruling Against RBC in Rural/Metro Case” published on November 30, 2015, Business.Financialpost.com published: “Royal Bank of Canada’s City National deal sidelines bank for takeovers, buybacks” on November 02, 2015. Analysts expect the company to announce earnings of $0.66 per share for the quarter.
National Bank of Canada (TSE:NA) traded down 0.45% on Wednesday, hitting $43.91. The 52-week low of the share price is at $51.27.
Out of 16 analysts covering RBC (TSE:RY), 10 rate it “Buy”, 2 “Sell”, while 5 “Hold”. The company’s stock had a trading volume of 1,599,612 shares. The company has a market cap of $114.93 billion. The firm’s 50-day moving average price is $75.77 and its 200-day moving average price is $73.59.
Royal Bank Of Canada (NYSE:RY) has lost 1.18% during the past week and dropped 0.84% in the last 4 weeks.
“In 2015, National Bank achieved strong financial results in a context of a slowing Canadian economy”, National Bank president and CEO Louis Vachon said in a statement. Wealth Management provides relationship-based advisory services and a suite of investment solutions to meet the needs of institutional, retail and high net worth clients.
Wealth Management profits decreased five per cent to $76 million while personal and commercial banking profit grew seven per cent to $187 million. Wealth Management consists of Canadian Wealth Management, United States and International Wealth Management and Global Asset Management.
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In a nod to the consumer shift away from bank branches, Mr. Vachon said National Bank faces significant changes in the financial services industry, adding that the bank will make investments to its technology platforms. Personal banking include the provision of bank accounts, mortgages, loans, credit cards, banking services such as online banking, mobile banking and ATM banking, creditor insurance and travel insurance.
