Recap: Royal Bank of Canada Q4 Earnings

BY Benzinga | ECONOMIC | 11/30/23 06:05 AM EST

Royal Bank of Canada (RY) reported its Q4 earnings results on Thursday, November 30, 2023 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

Royal Bank of Canada (RY) beat estimated earnings by 7.25%, reporting an EPS of $2.07 versus an estimate of $1.93.

Revenue was up $261.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.12 which was followed by a 1.47% drop in the share price the next day.

Here's a look at Royal Bank of Canada's (RY) past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 1.99 2.05 2.16 2.01
EPS Actual 2.11 1.96 2.26 2.06
Revenue Estimate 9.70B 9.64B 9.84B 9.25B
Revenue Actual 10.79B 9.98B 11.20B 9.45B

To track all earnings releases for Royal Bank of Canada (RY) visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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