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Image source: Getty Images “When the going gets tough, the tough get going.” The famous American-English proverb seems applicable to companies navigating the ongoing global pandemic. You wouldn’t want to invest in mediocre assets that would wither under harsh market conditions. Current shareholders of Royal Bank of Canada(TSX:RY)(NYSE:RY) are sticking to Canada’s largest bank, because the institution is a tough nut to crack. The $160.39 billion bank has been around since 1864 and has seen the best and worst of times. Yet in the aftermath of every downturn or reces...

requiremens TORONTO, Feb. 24, 2021 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today reported net income of $3,847 million for the quarter ended January 31, 2021, up $338 million or 10% from the prior year, with strong diluted EPS growth of 11% over the same period. Results across our businesses benefited from strong volume growth, increased client activity and constructive markets, partially offset by the impact of low interest rates and higher expenses largely due to variable and stock-based compensation commensurate with strong results. Record earnings in Capital Markets as well as ...

 Unaudited Financial Results Total net revenues were approximately US$1.4 million, representing a decrease of 73.8% from approximately US$5.2 million in the same period of fiscal year 2020. The decrease was mainly due to a decrease in net revenues from our loan recommendation services and interest income from our micro-lending business. Revenue from loan facilitation, post-origination, and other services was nil, decreased from approximately US$3.2 million in the same period of last fiscal year as the Company had ceased to issue new loans since November 2019. Revenue from online marketplac...