TSX:RYBanks
Royal Bank of Canada (TSX:RY) To Redeem $600M Preferred Shares And $1.25B Debentures
Royal Bank of Canada (TSX:RY) recently announced plans for the redemption of its preferred shares and subordinated debentures, moves that may have provided a degree of optimism among shareholders. During the same period, the company's share price rose 4.08%, aligning with the broader market's overall increase of 8.4% across sectors. The broader market momentum was driven by developments such as a surge in energy stocks due to rising crude oil prices and an overall uptick in investor...