Latest news with #RoyalBankOfCanada
Reuters
26-06-2025
- Business
- Reuters
Canada's BMO will require employees to return to office four days a week
June 26 (Reuters) - Canada's Bank of Montreal ( opens new tab is calling employees back to the office four days a week starting September 15, it said on Thursday, following a similar move by peer Royal Bank of Canada ( opens new tab. The new directive will apply where office space permits, Bank of Montreal said. After years of embracing flexible work arrangements in the wake of the COVID-19 pandemic, many companies are now pushing for a return to the office, arguing it strengthens in-person collaboration. The financial industry has been more aggressive than the rest. JPMorgan Chase (JPM.N), opens new tab, the largest U.S. bank, has started requiring employees to return to the office five days a week. Bank of Montreal had nearly 54,000 employees as of last year.
Yahoo
26-06-2025
- Business
- Yahoo
Canada's BMO will require employees to return to office four days a week
(Reuters) -Canada's Bank of Montreal is calling employees back to the office four days a week starting September 15, it said on Thursday, following a similar move by peer Royal Bank of Canada. The new directive will apply where office space permits, Bank of Montreal said. After years of embracing flexible work arrangements in the wake of the COVID-19 pandemic, many companies are now pushing for a return to the office, arguing it strengthens in-person collaboration. The financial industry has been more aggressive than the rest. JPMorgan Chase, the largest U.S. bank, has started requiring employees to return to the office five days a week. Bank of Montreal had nearly 54,000 employees as of last year. Sign in to access your portfolio
Bloomberg
26-06-2025
- Business
- Bloomberg
BMO Is Latest Bank to Call Staff Back to Office Four Days a Week
Bank of Montreal will require its employees to return to its offices four days a week by mid September, following similar moves by other big lenders including Royal Bank of Canada and Bank of Nova Scotia. The bank expects staff to spend four days in its offices by Sept. 15 'where existing real estate capacity permits,' according to a statement Thursday. The company has invested in innovative workplaces 'designed to maximize team performance by promoting collaboration, problem solving, mentorship, innovation, and career development,' it said, citing BMO Place in Toronto.
Business Insider
25-06-2025
- Business
- Business Insider
Canaccord Genuity Reaffirms Their Buy Rating on Royal Bank Of Canada (RY)
In a report released today, Matthew Lee from Canaccord Genuity maintained a Buy rating on Royal Bank Of Canada (RY – Research Report), with a price target of C$194.00. The company's shares closed today at $128.32. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Lee covers the Industrials sector, focusing on stocks such as CAE, Air Canada, and Diversified Royalty Corp. According to TipRanks, Lee has an average return of 13.1% and a 65.05% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Royal Bank Of Canada with a $136.81 average price target, representing a 6.62% upside. In a report released on June 9, Barclays also maintained a Buy rating on the stock with a C$182.00 price target. RY market cap is currently $179.6B and has a P/E ratio of 14.11. Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RY in relation to earlier this year.
Yahoo
02-06-2025
- Business
- Yahoo
Royal Bank of Canada Q2 Earnings Improve Y/Y on Higher Revenues
Royal Bank of Canada's RY second-quarter fiscal 2025 (ended April 30) adjusted net income available to common shareholders was C$4.41 billion ($3.10 billion), up 6.9% from the prior-year reflected the impacts of the specified items relating to the HSBC Canada transaction and integration costs, along with the amortization of acquisition-related intangibles. RY's quarterly results were aided by higher revenues, and marginal growth in loans and deposit balances. However, an increase in expenses and provisions were major headwinds. Probably because of the negatives, RY shares have lost 1.8% since the release of its results. Total revenues were C$15.67 billion ($11.03 billion), up 10.7% year over interest income was C$8.06 billion ($5.67 billion), growing 21.6% from the prior-year quarter. Non-interest income was C$7.62 billion ($5.36 billion), up 1.1% year over expenses were C$8.73 billion ($6.14 billion), up 5.1% from the prior-year company's provision for credit losses was C$1.42 billion ($999.1 million), soaring 54.8% year over year. As of April 30, 2025, Royal Bank of Canada's total loans were C$1.01 trillion ($730.8 billion), up marginally from the prior quarter. Deposits totaled C$1.45 trillion ($1.05 trillion), rising marginally from the previous quarter end. Total assets were C$2.24 trillion ($1.62 trillion), up 2.3% from the previous quarter. As of April 30, 2025, the company's Tier 1 capital ratio was 14.7%, up from the prior-year quarter's 14.1%. The total capital ratio was 16.5%, up from 16.1% in the prior-year Common Equity Tier 1 ratio was 13.2%, up from 12.8% in the prior-year quarter. Solid loan balances and a diversified product mix will likely keep driving Royal Bank of Canada's financials. However, higher provisions on the uncertain economic outlook remains a near-term concern. Royal Bank Of Canada price-consensus-eps-surprise-chart | Royal Bank Of Canada Quote Currently, Royal Bank of Canada carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. HSBC Holdings HSBC reported a first-quarter 2025 (ended March 31) pre-tax profit of $9.48 billion, which declined 25% from the prior-year quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)HSBC's results were affected by a year-over-year fall in revenues, higher expected credit losses and other credit impairment charges, partially offset by a fall in Bank DB reported first-quarter 2025 earnings attributable to its shareholders of €1.78 billion ($2.01 billion), up 39.2% year over results were aided by a rise in revenues and lower expenses. However, higher provision for credit losses was a spoilsport. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report Royal Bank Of Canada (RY) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
