National Bank reports $347 million in profit

More notable recent Royal Bank of Canada (TSE:RY) news were published by: Fool.ca which released: “Toronto-Dominion Bank vs Royal Bank of Canada: Which Is a Better Bet Today?” on November 23, 2015, also Wsj.com with their article: “Delaware Supreme Court Upholds Ruling Against RBC in Rural/Metro Case” published on November 30, 2015, Business.Financialpost.com published: “Royal Bank of Canada’s City National deal sidelines bank for takeovers, buybacks” on November 02, 2015. The shares were bought at an average price of C$25.12 per share, for a total transaction of C$25,121.00. Finally, Banc of America Sec dropped their target price on shares of Royal Bank of Canada from C$77.00 to C$72.00 and set a “buy” rating for the company in a research report on Saturday, August 29th.

Several other research analysts have also recently issued reports on CM. downgraded shares of Canadian Imperial Bank of Commerce from a “sector perform” rating to an “underperform” rating in a report on Monday, October 12th.

Royal Bank Of Canada (NYSE:RY): On Tuesday heightened volatility was witnessed in Royal Bank Of Canada (NYSE:RY) which led to swings in the share price. The heightened volatility saw the trading volume jump to 1,285,724 shares. Royal Bank of Canada presently has an average rating of “Hold” and an average target price of C$80.09. Royal Bank of Canada (TSE:RY) has declined 4.97% since April 29, 2015 and is downtrending. 2,840,430 shares of the company were exchanged. The stock has a market cap of $2.07 billion and a price-to-earnings ratio of 6.38. National Bank Financial’s price objective indicates a potential upside of 1.33% from the company’s previous close.

“Faced with significant changes in the financial services industry, the bank continues to proactively deploy many initiatives that will ensure its long-term success”. It serves over 15 million personal, business, public sector and institutional clients through offices in Canada, the United States and 44 other countries.

Wealth Management profits decreased five per cent to $76 million while personal and commercial banking profit grew seven per cent to $187 million. The bank offers Personal banking, business banking and investing services. Capital Markets consists of a majority of its global wholesale banking businesses.