RBC reports Q2 profit up, raises dividend after closing HSBC deal
The results put RBC as the best banking performer of the quarter: analyst
- By: Ian Bickis, The Canadian Press
- May 30, 2024 July 10, 2024
- 09:32
The results put RBC as the best banking performer of the quarter: analyst
The bank's Canadian commercial banking and wealth management business earned $456 million in Q2
Comments on the Canadian Sustainability Disclosure Standards are due June 10
Key reason for the delay in cuts is lingering effects of the pandemic
Raises quarterly dividend to $1.55 per share, up four cents
Montreal-based bank raises quarterly dividend to $1.10 per share, an increase of four cents
Reichmann Segal Capital Partners says it plans to invest in new product development and expansion
Cost-of-living crisis and higher interest rates eat into household budgets
Despite challenges, overall revenue grew
Agency confirms the interest rate Canadians must pay on overdue tax will drop to 9%
What to do when you suspect an elderly client is being manipulated in a late-life relationship
Designation holders have six months to obtain a different credential to use the financial advisor title
Potential impact on bank's growth in U.S. market is a longer-term risk
Financial planners now have requirements related to trusted contacts, conflicted roles
Latest quarter was fairly tame with encouraging data on the inflation front and still historically low levels of mortgage delinquencies
The government says that even if a bill has not yet passed, the change will take effect on June 25
Capital gains not flowed out to beneficiaries are "trapped" in the trust at death
Committee has set a date of June 13 for the chief executives of RBC, TD, CIBC, BMO and Scotiabank to appear
Given several complicating factors, waiting until the last minute is a bad idea, tax experts say
The cuts come as the bank continues to work through its turnaround plan
Combined firm will serve about 200 current and retired pro hockey players
Feds won't change tax treatment for REITs, and the status of other major tax proposals from the Trudeau government
In 2023 most of the five biggest banks reduced fossil fuel funding relative to previous years
Firm posts $154.4-million loss as investors exit balanced funds, cash-like products
Also, Michael L. Stickney will retire from the executive committee