Royal Bank of Canada - Revision history

>Aayushtalekar24 at 09:25, 28 July 2023

2023-07-28T09:25:41Z

@@ Line 1,302: / Line 1,302: @@
 | -57.46%
 |66.52%
 |}

>Aayushtalekar24 at 07:52, 28 July 2023

2023-07-28T07:52:41Z

@@ Line 1,797: / Line 1,797: @@
 For the multiples approach, the average P/E and P/B ratio was calculated using a basket of P/E and P/B ratios of competitors. Based on the P/E multiple, the price is CAD 103.76 which is at a 23% discount to the current market price. Based on the P/B multiple, the price is CAD 81.22 which is at a 37.5% discount to the current market price.
 [[File:Valuation.png|center|frameless|700x700px]]
 == Risks ==
@@ Line 1,812: / Line 1,820: @@
 === Credit Risk ===
-* Credit risk includes retail credit risk, wholesale credit risk and wrong-way risk. Total credit risk exposure increased CAD179 billion or 10% from FY21, primarily due to the impact of foreign exchange translation, volume growth in loans, higher derivative exposure and an increase in securities.
+* Credit risk includes retail credit risk, wholesale credit risk and wrong-way risk. Total credit risk exposure increased by CAD179 billion or 10% from FY21, primarily due to the impact of foreign exchange translation, volume growth in loans, higher derivative exposure and an increase in securities.

>Aayushtalekar24 at 07:29, 28 July 2023

2023-07-28T07:29:30Z

Show changes

>Aayushtalekar24 at 06:24, 28 July 2023

2023-07-28T06:24:53Z

@@ Line 614: / Line 614: @@
 === Balance Sheet ===
 {| class="wikitable"
-|Fiscal Year is Nov-Oct. All values CAD millions
+!Fiscal Year is Nov-Oct. All values CAD millions
-|'''FY18'''
+!'''FY18'''
-|'''FY19'''
+!'''FY19'''
-|'''FY20'''
+!'''FY20'''
-|'''FY21'''
+!'''FY21'''
-|'''FY22'''
+!'''FY22'''
 |-
 |Total Cash & Due from  Banks
@@ Line 1,065: / Line 1,065: @@
 === Cash Flow Statement ===
 {| class="wikitable"
-|Fiscal Year is Nov-Oct. All values CAD millions
+!Fiscal Year is Nov-Oct. All values CAD millions
-|'''FY18'''
+!'''FY18'''
-|'''FY19'''
+!'''FY19'''
-|'''FY20'''
+!'''FY20'''
-|'''FY21'''
+!'''FY21'''
-|'''FY22'''
+!'''FY22'''
 |-
 |Funds from Operations
@@ Line 1,303: / Line 1,303: @@
 |66.52%
 |}

>Aayushtalekar24 at 22:26, 27 July 2023

2023-07-27T22:26:12Z

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>Aayushtalekar24 at 21:58, 27 July 2023

2023-07-27T21:58:38Z

@@ Line 118: / Line 118: @@
 == Ownership Structure ==
 {| class="wikitable"
-|Name
+|'''Name'''
-|Equities
+|'''Equities'''
-|Percentage
+|'''Percentage'''
-|Valuation
+|'''Valuation'''
 |-
 |The  Vanguard Group, Inc.
@@ Line 174: / Line 176: @@
 |1,043 M $
 |}

>Aayushtalekar24 at 20:39, 27 July 2023

2023-07-27T20:39:01Z

← Older revision		Revision as of 21:39, 27 July 2023
Line 116:		Line 116:
	* Canadian Insurance revenue decreased 78% from FY21, primarily due to the change in the fair value of investments backing policyholder liabilities and lower group annuity sales. Premiums and deposits decreased by 5%		* Canadian Insurance revenue decreased 78% from FY21, primarily due to the change in the fair value of investments backing policyholder liabilities and lower group annuity sales. Premiums and deposits decreased by 5%
	* International Insurance, which is primarily focused on the reinsurance business had its revenue increase by CAD 174 MM from FY21		* International Insurance, which is primarily focused on the reinsurance business had its revenue increase by CAD 174 MM from FY21

			== Ownership Structure ==
			{\| class="wikitable"
			\|Name
			\|Equities
			\|Percentage
			\|Valuation
			\|-
			\|The Vanguard Group, Inc.
			\|44,849,838
			\|3.24%
			\|4,284 M $
			\|-
			\|RBC Global Asset Management, Inc.
			\|36,433,061
			\|2.63%
			\|3,480 M $
			\|-
			\|RBC Dominion Securities, Inc.
			\|32,743,241
			\|2.36%
			\|3,127 M $
			\|-
			\|CIBC World Markets, Inc.
			\|22,562,411
			\|1.63%
			\|2,155 M $
			\|-
			\|Norges Bank Investment Management
			\|16,830,957
			\|1.22%
			\|1,608 M $
			\|-
			\|Mackenzie Financial Corp.
			\|16,648,177
			\|1.20%
			\|1,590 M $
			\|-
			\|1832 Asset Management LP
			\|15,766,416
			\|1.14%
			\|1,506 M $
			\|-
			\|Fidelity Management & Research Co. LLC
			\|14,076,997
			\|1.02%
			\|1,344 M $
			\|-
			\|BMO Asset Management, Inc.
			\|11,357,393
			\|0.82%
			\|1,085 M $
			\|-
			\|Wellington Management Co. LLP
			\|10,922,870
			\|0.79%
			\|1,043 M $
			\|}

>Aayushtalekar24 at 20:34, 27 July 2023

2023-07-27T20:34:34Z

@@ Line 71: / Line 71: @@
 === Wealth Management ===
-RBC’s Wealth Management business is a global business serving HNW and UHNW clients across key financial centres. Lines of businesses include Canadian Wealth Management, US Wealth Management, Global Asset Management, and International Wealth Management. [[File:AUM.png|thumb|370x370px|[[File:AUM and AUA.png|thumb|430x430px]]]]'''KPIs:'''
+RBC’s Wealth Management business is a global business serving HNW and UHNW clients across key financial centres. Lines of businesses include Canadian Wealth Management, US Wealth Management, Global Asset Management, and International Wealth Management. [[File:AUM.png|thumb|370x370px|[[File:AUM and AUA.png|thumb|342x342px]]]]'''KPIs:'''
 * 6,100 client-facing advisors
@@ Line 103: / Line 103: @@
 * Lower equity trading revenue and lower fixed-income trading across most regions
 * Higher expenses resulting from foreign exchange translations

>Aayushtalekar24 at 20:26, 27 July 2023

2023-07-27T20:26:03Z

@@ Line 59: / Line 59: @@
 * Business banking’s revenue increased by 26%, majorly due to higher interest rates, credit fees and service charges. Average loan acceptance increased by 11% and average deposits increased by 11%.
 * Caribbean and US Banking revenue increased by 11%, resulting from average volume growth of 11%, higher card service revenue and higher spreads. Average loans and acceptances increased by 12% and average deposits increased by 11% primarily due to increased client activity and the impact of foreign exchange translation. __INDEX__
-'''Loan Mix for Q2FY23'''
+'''Loan Mix for Q2FY23'''[[File:Loan Mix.png|thumb|400x400px]]
+* The loans stand at CAD 846 BN with 50% of it accounting for residential mortgages
 * Canadian Banking weighted average FICO Score stands at 789 with over 81% of customers with a score of more than 720
 * 30–89-day delinquency rates were stable QoQ across all portfolios
@@ Line 72: / Line 71: @@
 === Wealth Management ===
-RBC’s Wealth Management business is a global business serving HNW and UHNW clients across key financial centres. Lines of businesses include Canadian Wealth Management, US Wealth Management, Global Asset Management, and International Wealth Management.
+RBC’s Wealth Management business is a global business serving HNW and UHNW clients across key financial centres. Lines of businesses include Canadian Wealth Management, US Wealth Management, Global Asset Management, and International Wealth Management. [[File:AUM.png|thumb|370x370px|[[File:AUM and AUA.png|thumb|430x430px]]]]'''KPIs:'''
-* [[File:AUM.png|thumb|330x330px]]6,100 client-facing advisors
+* 6,100 client-facing advisors
 * >CAD 55 billion AUA net flows
 * CAD 1.33 BB assets under administration
 * CAD 992 BB assets under management

>Aayushtalekar24 at 20:18, 27 July 2023

2023-07-27T20:18:26Z

@@ Line 64: / Line 64: @@
 * Canadian Banking weighted average FICO Score stands at 789 with over 81% of customers with a score of more than 720
 * 30–89-day delinquency rates were stable QoQ across all portfolios
-* In the residential mortgage portfolio, fixed-rate mortgages accounted for 68% of the mortgages. The Average Duration for Remaining Mortgage Amortization stands at 26 years.
+* In the residential mortgage portfolio, fixed-rate mortgages accounted for 68% of the mortgages. The Average Duration for Remaining Mortgage Amortization stands at 26 years