Royal Bank of Canada Up 2.79% To $89.77 After Earnings

Royal Bank of Canada (RY) missed earnings estimates for Q4 2023 this morning.

reported that it broke-even during the quarter.



The stock is up 2.79% to $89.77 after the report.

Royal Bank of Canada's profit margins maintained as both earnings and revenue declined at the same pace.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 41. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.