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News Breaks | | | | August 30, 2012 | | 12:51 EDT |  | RY | Royal Bank of Canada reports Q3 net income jump, dividend increase Royal Bank of Canada earlier today reported Q3 EPS ex-items of C$1.29, above the C$1.10 reported a year ago. The bank reported a Tier 1 capital ratio of 13.0% and ROE of 19.9%, up from 19.2% a year ago. Royal Bank of Canada also announced an increase to its quarterly dividend of C$.03, or 5%, to C$.60 per share. The bank said its Tier 1 capital ratio was down 20 bps from last quarter largely due to higher risk-weighed assets reflecting growth in our wholesale and retail credit portfolios. | |
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| May 16, 2013 | | 12:32 EDT |  | RY | EU bank stress test delayed until 2014 by regulator The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | May 14, 2013 | | 06:19 EDT |  | RY | Royal Bank of Canada upgraded to Equal Weight from Underweight at Morgan Stanley
| | | May 13, 2013 | | 06:49 EDT |  | RY | ECB member says negative deposit rates would help economy, Reuters says
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