Royal Bank of Canada (RY) News Today

Royal Bank of Canada (NYSE:RY) shares are moving on a mix of bullish earnings results, shareholder‐friendly actions and some caution around provisions and revenue misses.

• Short interest plunged 77.9% in May, signaling reduced bearish positioning.
• Touched a new 52-week high, underscoring strong recent price momentum.
• Raised the quarterly dividend by 4.1% to $1.54 and unveiled share buybacks, boosting returns to shareholders.
• Delivered Q2 profit of $4.4 billion versus $3.95 billion a year ago.
• Beat consensus on EPS at $2.27 versus the $2.25 estimate.
• Canaccord Genuity reconfirmed a Buy rating, reinforcing positive analyst sentiment.
• Revenue grew 10.7% year-over-year to $11.38 billion but fell short of analyst forecasts.
• Built up provisions for potential credit losses as a prudent, though cautious, measure.
• Asked staff to return to the office four days a week, part of its post-pandemic workplace strategy.
• RBC Capital Markets issued various ratings on non-bank stocks (e.g., Regeneron, Bank of Nova Scotia), reflecting broader capital-markets activity.
• Some reports showed an EPS miss of $2.20 versus $2.25 estimates and a revenue shortfall, prompting downward pressure.
• Shares slid on mixed Q2 results and cautious commentary on future loan-loss provisions.

Investors will be weighing strong profit growth and shareholder return measures against pockets of caution on provisions and revenue execution when positioning in RY stock.