Gain detailed insights into the trading activity of Congress members for Royal Bank of Canada on our government trades page. Stay updated on how elected officials are investing in RY.

Royal Bank of Canada - Government Trades

Royal Bank of Canada

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 US and other countries.

visa shutter2

Equities

News

Movers

General

AMZN

iShares Trust Dow Jones US Financial Services Index Fund

Visa and Amazon have partnered to offer Canadian consumers flexible payment options. Eligible RBC and Scotiabank credit cardholders can now use Visa Installments for qualifying purchases on Amazon.ca and the Amazon app, converting payments into smaller, fixed amounts over time.

Shop Smart: Visa And Amazon Bring Flexible Payment Plans To Canadian Shoppers

Federal Reserve

Markets

Trading Ideas

ETFs

NTRS

A new commodity cycle is approaching for energy stocks; leading the way in this momentum gauge is the Energy Select Sector SPDR Fund (ARCA:XLE). The exchange-traded fund (ETF) outperformed the broader S&amp;P 500 by 2% in the past quarter. While not much to speak of, this performance gap may show the beginning of a new trend that could last much longer.

This Underrated Natural Gas Stock Could Rally Double-Digits Soon

HSBC

Royal Bank Of Canada (NYSE: RY) received approval to acquire HSBC Holdings, Plc. &#39;s (NYSE: HSBC) domestic unit, keeping more of Canada&#39;s 

&#34;Keep More Of Canada&#39;s Financial Sector Under Canadian Ownership&#34; - Royal Bank Of Canada Cleared To Acquire HSBC&#39;s Domestic Arm

Analyst Color

Large Cap

Mid Cap

Upgrades

Downgrades

Analyst Ratings

B Of A Securities analyst Ebrahim H. Poonawala revised the rating on several Canadian Banks amid a declining rates scenario.

The analyst says the rapid decline in interest rates (5yr yield -120bp since Oct high) lowers the probability of tail risk events posed by a higher for longer scenario. 

Declining Interest Rates Should Boost Investment Appeal For Canadian Banks: BofA Analyst

Over,The,Shoulder,View,Of,And,Stock,Broker,Trading,Online

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Eurozone

Forex

Treasuries

Econ #s

Economics

Tech

$BTC

$ETH

AMBA

CBRL

DELL

SPDR Dow Jones Industrial Average ETF Trust

NVDA

OKTA

PATH

SNOW

iShares Trust Barclays 20+ Year Treasury Bond Fund

ULTA

VSCO

XLRE

Select Sector SPDR-Consumer Discretionary

ZUMZ

Thursday’s trading session on Wall Street presents a mixed picture, characterized by notable fluctuations in major indices. While tech-heavy benchmarks like the S&amp;P 500 and the Nasdaq 100 are experiencing declines, blue-chip stocks and small caps are treading the path of marginal gains.

S&amp;P 500, Nasdaq Slip As Tech Underperforms, Oil Reacts to OPEC+: What&#39;s Driving Markets Thursday?

Trading.Market.Shutterstock

Earnings

Futures

Previews

Pre-Market Outlook

NTNX

US stocks are priming for a positive start Thursday, with stock futures higher ahead of an inflation data, which the Fed deems as important.

Nasdaq, S&amp;P 500 Futures Rally As Market Looks Set To Finish A Strong November On Upbeat Note

Penny Stocks

Asset Sales

CRARF

CRARY

STNDF

Royal Bank of Canada (NYSE: RY) announced the sale completion of its Investor Services&#39; operations in Europe and Malaysia to CACEIS, the subsidiary of Credit Agricole SA (OTC: CRARY) (OTC: 

Royal Bank Of Canada Sells RBC Investor Services&#39; European And Malaysian Operations

Media

Today, HSBC Holdings PLC (NYSE: HSBC) stated its 

HSBC Plans To Exit Retail Banking Business In New Zealand

Dividends

Royal Bank Of Canada Q2 Profits Tumble 13% On Huge Provision For Credit Losses

Citigroup, Inc. (NYSE: C) and Deutsche Bank AG (NYSE: DB) have reportedly exchanged &#34;sensitive&#34; information on the pricing of U.K. government bonds.

Citi, Deutsche Bank Admit To Sharing Pricing Secrets Of UK Government Bonds: Report

Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares

Ryanair Holdings PLC

RYAH GROUP INC CLASS A by Ryah Group Inc.

RYAH Group Inc

Rayonier Advanced Materials Inc. Common Stock

Rayonier Advanced Materials Inc

Ryan Specialty Holdings, Inc. Class A Common Stock

Ryan Specialty Holdings Inc

RYANAIR HLDGS PLC ORD NEW by Ryanair Holdings Plc

Ryobi Ltd

Royal Bank of Canada Non Cum 1st Pfd Registered Shs Series -AZ-

ROLLS ROYCE HLDG PLC ORD by Rolls Royce Holdings plc

Rolls-Royce Holdings PLC

ROLLS ROYCE HLDGS S/ADR by Rolls Royce Holdings plc

Shell PLC

Ryde Group Ltd

Rise Gold Corp

Ruanyun Edai Technology Inc

REYSAS GAYRIMENKUL YATIR by Reysas Gayrimenkul Yatirim Ortaklig

Reysas Gayrimenkul Yatirim Ortakligi AS

RYMAN HEALTHCARE UNSP/ADR by Ryman Healthcare Ltd.

Ryman Healthcare Ltd

Ryerson Holding Corp

RYOHIN KEIKAKU CO LTD JPN by Ryohin Keikaku Co. Ltd.

Ryohin Keikaku Co Ltd

RYOHIN KEIKAKU UNSP/ADR by Ryohin Keikaku Co. Ltd.

ROYAL BK CDA 1ST PFD BO by Royal Bank of Canada (Montreal, PQ)

Global X Russell 2000 Covered Call ETF

Global X Funds Global X Russell 2000 Covered Call & Growth ETF

ROYALE HOME HOLDINGS LTD by ROYALE HOME HOLDINGS LIMITED

ROYAL PHILLIPS NV ORD by Koninklijke Philips N.V

Koninklijke Philips NV

ROYAL MINES & MNRLS CORP by Royal Mines & Minerals Corp.

Royal Mines & Minerals Corp

Rayonier Inc

REYNALDOS MEXICAN FOOD CO by Reynaldos Mexican Food Company, Inc.

Reynaldos Mexican Food Co Inc

Rio Silver Inc

RYODEN TRADING CO ORD by Ryoden Trading Co.

Ryoden Corp

RYOYO ELECTRO CORP by Ryoyo Electro Corp.

ROYALITE PETE CO INC by Royalite Petroleum Co., Inc.

Royalite Petroleum Co Inc

RYU Apparel Inc

RNY PROPERTY TRUST ORD by RNY Property Trust

Reckson New York Property Trust

Vest 10 Year Interest Rate Hedge ETF

REYSAS TASIMACILIK by Reysas Tasimacilik Ve Lojistik

Reysas Tasimacilik ve Lojistik Ticaret AS

ROYAL STANDARD MINRLS NEW by Royal Standard Minerals Inc.

Royal Standard Minerals Inc

Ryosan Co Ltd

Rhythm Pharmaceuticals, Inc. - Common Stock

Rhythm Pharmaceuticals Inc

Horizon Copper Corp

ROYAL WINS CORP by Royal Wins Corporation

Royal Wins Corp

RYOYO RYOSAN HLDGS INC by RYOYO RYOSAN HLDGS INC.

RAYZEBIO INC COM

Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares are trading lower today. Visa has partnered with Amazon.Com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) to offer Canadian consumers more <a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/g39522174/visa-expands-payment-options-for-amazon-customers-with-installments-plans" rel="noreferrer noopener">flexible payment options at checkout.</a>
Eligible Royal Bank Of Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) and The Bank of Nova Scotia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNS#NYSE">BNS</a>) credit cardholders can now select Installments enabled by Visa for qualifying purchases on Amazon.ca or the Amazon app.
This new option allows consumers to convert purchases into smaller, fixed payments over a set period.
&#8220;We are excited to offer our installments solution on Amazon through two of Canada&#8217;s leading issuers, granting more consumers access to diversified payment methods and greater financial control with one of the world&#8217;s largest online merchants,&#8221; said Dan Sanford, Head of Product for North America at Visa.
Installments are becoming a popular payment method among Canadians. Visa&#8217;s research indicates that 58% of Canadians are interested in using installments, and by 2026, this method is expected to account for nearly a quarter of all global e-commerce transactions.
Related Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39502281/judge-tosses-the-card-visa-mastercard-swipe-fee-settlement-reportedly-rejected" rel="noreferrer noopener">Judge Tosses The Card: Visa-Mastercard Swipe Fee Settlement Reportedly Rejected</a>
This collaboration with Amazon aims to meet this growing consumer demand.
Tyler Aldrich, Director of Amazon Payment Products, said, &#8220;Together with Visa, we&#8217;re pleased to offer customers greater choice, enabling customers to pay for their online purchases in ways that are convenient for them.&#8221;
Installments enabled by Visa provide issuers, processors, and merchants with a better payment option to meet customers where they are.
Visa and Amazon plan to extend this payment option to more consumers globally, enhancing the convenience and flexibility of online shopping.
Visa stock has gained more than 18% in the last 12 months. Investors can gain exposure to Visa and Mastercard stock via&nbsp;iShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and SPDR Select Sector Fund – Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Action: V shares are trading lower by 1.64% at $269.12 at last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a target="_blank" href="https://www.benzinga.com/markets/asia/24/06/39428693/china-calls-on-visa-and-mastercard-to-slash-bank-card-transaction-fees-by-up-to-half-report" rel="noreferrer noopener">China Calls On Visa And Mastercard To Slash Bank Card Transaction Fees By Up To Half: Report</a>
Image from Shutterstock

Buybacks

Royal Bank Of Canada Announces Approval To Repurchase Up To 30M Common Shares

Argus Research analyst Stephen Biggar maintains Royal Bank of Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) with a Buy and raises the price target from $115 to $120.

Price Target

Argus Research Maintains Buy on Royal Bank of Canada, Raises Price Target to $120

WIIM

Royal Bank of Canada shares are trading higher following strong Q2 earnings.

The company declared an increase to its quarterly common share dividend of&nbsp;four cents, or three per cent, to C$1.42&nbsp;per share, payable on and after&nbsp;August 23, 2024, to common shareholders of record at the close of business on&nbsp;July 25, 2024.

Royal Bank Of Canada Increases Quarterly Common Share Dividend By 3%

Royal Bank Of Canada Intends To Commence Normal Course Issuer Bid And To Repurchase For Cancellation Up To 30M Of Its Common Shares

Royal Bank of Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) reported quarterly Adj earnings of $2.17 per share which beat the analyst consensus estimate of $2.02 by 7.23 percent. This is a 10.51 percent increase over earnings of $1.96 per share from the same period last year. The company reported quarterly sales of $10.50 billion which beat the analyst consensus estimate of $9.90 billion by 6.07 percent. This is a 5.17 percent increase over sales of $9.98 billion the same period last year.

Royal Bank of Canada Q2 Adj EPS $2.17 Beats $2.02 Estimate, Sales $10.50B Beat $9.90B Estimate

Royal Bank Of Canada Announced They Are Expanding Their Loyalty Partnership With Metro Inc. And Its Moi Rewards Program, Which Is Coming Soon To Ontario

RBC appoints KatherineGibson InterimChiefFinancialOfficer following the departure of NadineAhn
TORONTO, April 5, 2024 /CNW/ - Royal Bank of Canada (TSX:<a class="ticker" href="https://www.benzinga.com/stock/RY#TSX">RY</a>) and (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) today announced the appointment of KatherineGibson as Interim Chief Financial Officer (CFO). She succeeds NadineAhn whose employment was terminated by RBC earlier today, effective immediately.
RBC was recently made aware of allegations involving Ms. Ahn and&nbsp;immediately launched an internal review and engaged outside legal counsel to investigate. The investigation found evidence that, in contravention of the RBC Code of Conduct, Ms. Ahn was in an undisclosed close personal relationship with another employee which led to preferential treatment of the employee including promotion and compensation increases. As a result, the two individuals have had their employment terminated.
The investigation found no evidence of conduct by the former CFO or the other employee with respect to the bank's previously issued financial statements, RBC's strategy or its financial or business performance.
Ms. Gibson has been appointed interim CFO while a search is conducted. She is a respected and experienced leader who has been with the bank for 22 years, most recently as SVP, Finance &amp; Controller, and is widely considered a trusted advisor with a strong analytical and governance mindset.
In her new role, Ms. Gibson will bring a wide range of experience leading global teams and major strategic enterprise initiatives, including a deep understanding of business drivers and growth opportunities across several different areas of the bank.

Management

TSX:RY

RBC Announces The Appointment Of Katherine Gibson As Interim CFO, Effective Immediately. Succeeding Nadine Ahn Whose Employment Was Terminated On Friday April 05, 2024

BMO Capital analyst Sohrab Movahedi upgrades Royal Bank of Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) from Market Perform to Outperform and raises the price target from $140 to $150.

BMO Capital Upgrades Royal Bank of Canada to Outperform, Raises Price Target to $150

A new commodity cycle is approaching for energy stocks; leading the way in this momentum gauge is the Energy Select Sector SPDR Fund (ARCA:XLE). The exchange-traded fund (ETF) outperformed the broader S&amp;P 500 by 2% in the past quarter. While not much to speak of, this performance gap may show the beginning of a new trend that could last much longer.
Oil prices broke out &ndash; and stood comfortably &ndash; above their $79 a barrel ceiling. Now breaking above the $83 a barrel mark, predictions made by analysts at The Goldman Sachs Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) could come true. The investment bank thinks oil prices could go as high as $100 in 2024.
However, natural gas prices, which tend to follow oil prices, are now at a four-year low. This wide gap is counter to historic trends, and a catch-up in natural gas prices could make stocks like Natural Gas Services Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ngs#NYSE">NGS</a>) break out into new highs. Wall Street institutions see the opportunity, which starts here.
<h2>Once in a Cycle </h2>
Now that the Federal Reserve (the Fed) is considering cutting interest rates this year, money is getting ready to rotate. Because interest rates could be detrimental to the dollar index, commodities like gold and oil have started and amplified their rallies.
More than that, a weaker dollar could make American exports more attractive to foreign buyers, such as European nations and even Japan, as their currencies would become stronger relative to the dollar. Apart from being basic economic theory, there is actually a sound bit of evidence behind this trend.
In its 2024 macro outlook report, Goldman Sachs also mentions the expectation for a manufacturing sector breakout in the U.S. Export orders advanced by 6% in February&#39;s ISM manufacturing PMI index, the largest expansionary reading.
Natural gas is used as a raw material (feedstock) when manufacturing products like plastics and chemicals. The manufacturing industry as a whole is going to have to ramp up production to meet these export orders, making the natural gas trade a reality more than a thesis.
<h2>Natural Gas Services: The Momentum Replacement &nbsp;</h2>
Being a $242 million company has its perks. Smaller companies are often outside the purview &ndash; and buying power &ndash; of the significant funds and banks on Wall Street, where the retail investor can gain an advantage.
Not only that, quants at PGIM think that the &lsquo;momentum trade&#39; is now overbought in large capitalization stocks, making small capitalization names the only place to squeeze further momentum in this cycle.
This thesis is at play for Natural Gas Services stock, as Barclays (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bcs#NYSE">BCS</a>) increased its position in the stock by 745% in the past quarter. As mentioned, the bank can&#39;t take a significant stake in the stock as it would create unnecessary scrutiny. Still, a $360,000 investment in the company can be a vote of confidence.
Northern Trust Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntrs#NASDAQ">NTRS</a>) and the Royal Bank of Canada (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ry#NYSE">RY</a>) are other names that are buying the stock. Northern came in with a $470,000 investment, while the Royal Bank saw fit to have $150,000 in exposure to the stock.
The rest of the market is behind the stock&#39;s prospects, as the following factors have been blown above the industry.
<h2>Decoding The Market&#39;s Message for Natural Gas Services Stock </h2>
The Oil and Gas industry trades at an average forward price-to-earnings (forward P/E) ratio of 14.5x, placing Natural Gas Services stock at a 173% premium to its peers. &quot;It must be expensive for a reason&quot; is a saying that applies here; the stock is &lsquo;expensive&#39; because of its future prospects.
Analysts think its earnings per share (EPS) can grow by as much as 182% in the next 12 months, significantly above the industry&#39;s expected 47% growth rate this year.
Natural Gas Services provides the equipment necessary for companies like Kinder Morgan Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmi#NYSE">KMI</a>) to operate their natural gas pipelines and processing facilities. This is why Natural Gas Services trades at 96% of its 52-week high while pushing out a 12-month performance of 92.4%.
As it is the first to get paid in anticipation of a rally in natural gas (which could mean more profits for Kinder Morgan), markets are willing to overpay today for the future EPS projections for the company.
When natural gas prices peaked in 2014, the stock reached $35 a share. Now that the fundamentals and economic tailwinds align to make a new ceiling a potential reality for the stock, history could repeat itself.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/this-underrated-natural-gas-stock-could-rally-double-digits-soon/">This Underrated Natural Gas Stock Could Rally Double-Digits Soon</a>&quot; first appeared on MarketBeat.

Barclays analyst Brian Morton initiates coverage on Royal Bank of Canada (TSX:<a class="ticker" href="https://www.benzinga.com/stock/RY#TSX">RY</a>) with a Equal-Weight rating and announces Price Target of C$145.


Michael BurgessHouse (R-TX)	$1K - $15K	stock	Purchase	Jan 22, 2024	Jan 10, 2024	House
Michael BurgessHouse (R-TX)	$1K - $15K	stock	Sale	Jan 22, 2024	Jan 10, 2024	House
Michael BurgessHouse (R-TX)	$15K - $50K	stock	Purchase	Sep 06, 2023	Aug 09, 2023	House

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government Trades

Royal Bank of Canada

top performing RY trades