Today, the President & Chief Executive Officer of Royal Bank Of Canada (RY), David Ian Mckay, sold shares of RY for $730.4K.
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Based on Royal Bank Of Canada’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $12.9 billion and quarterly net profit of $3.2 billion. In comparison, last year the company earned revenue of $11.52 billion and had a net profit of $3.26 billion. The company has a one-year high of $82.74 and a one-year low of $49.55.
Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $81.41, reflecting a -10.7% downside.
David Ian Mckay’s trades have generated a -9.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada. The Wealth Management segment offers a comprehensive suite of investment, trust, banking, credit, and other wealth management solutions to institutional and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment comprises of asset services and a provider of cash management, transaction banking, and treasury services to institutional clients worldwide. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. The Corporate Support segment consists of technology and operations services. The company was founded by J. W. Merkell, Edward Kenny, T. C. Kinnear, James B. Duffus, William Cunard, John Tobin, George P. Mitchell and Jeremiah Northup in 1864 and is headquartered in Toronto, Canada.
