Royal Bank of Canada Earnings Preview: Here's What to Watch for
Royal Bank of Canada (RY), the second-largest bank in Canada by assets, is scheduled to report its second-quarter financial results on May 27 before markets open. Over the past year, the bank stock has jumped nearly 50% and is currently trading close to C$125.00. Strong earnings could drive RBC shares higher, so let’s have a look at what analysts are expecting for the second quarter. Analysts on average expect RBC to report adjusted EPS of C$2.48 in Q2 2021, indicating a growth of 141% from the prior-year quarter (C$1.03 per share). Revenue is expected to come in at C$11.77 billion, rep...