Royal Bank of Canada Full Year 2024 Earnings: EPS Beats Expectations

Royal Bank of Canada (TSE:RY) Full Year 2024 Results

Key Financial Results

• Revenue: CA$54.1b (flat on FY 2023).
• Net income: CA$15.9b (up 8.8% from FY 2023).
• Profit margin: 29% (up from 27% in FY 2023).
• EPS: CA$11.27 (up from CA$10.51 in FY 2023).

RY Banking Performance Indicators

• Net interest margin (NIM): 1.54% (up from 1.50% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Royal Bank of Canada EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.0%.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Banks industry in Canada.

Performance of the Canadian Banks industry.

The company's shares are up 2.1% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Royal Bank of Canada's balance sheet and an in-depth analysis of the company's financial position.

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