Royal Bank of Canada is a leading financial services institution that provides a wide range of banking and financial solutions to individuals, businesses, and institutions
The bank offers personal and commercial banking services, wealth management, investment banking, and capital markets services. With a robust network of branch locations and digital platforms, it aims to meet the diverse needs of its clients while focusing on innovation and customer service. Royal Bank of Canada is committed to enhancing the financial well-being of its customers and leveraging its expertise to support economic growth in the communities it serves.
Morgan Stanley also highlighted that the organic growth pipeline remains strong for FY26. The brokerage views RBC Bearings as "a high-quality industrials compounder with attractive growth and margin expansion potential.”
The top 10 best performing large-cap stocks in the last week were Atlassian, Royal Caribbean, IBM, GitLab, Check Point, RBC Bearings, Alibaba, Duolingo, Franklin Resources, and Cloudflare.
Shares of bearings manufacturer RBC Bearings (NYSERBC) jumped 10.6% in the afternoon session after the company reported strong fourth-quarter results, which revealed improved sales trends, with management anticipating incremental volume recovery in the aerospace segment and a return to growth in the industrial business. It was also encouraging to see RBC Bearings beat analysts' EBITDA and EPS estimates. Overall, this quarter had some key positives.
The company reported a 5.5% year-over-year (YoY) rise in its net sales to $394.4 million compared to a Wall Street estimate of $394 million, according to FinChat. Adjusted earnings per share (EPS) came in at $2.34 versus an analyst estimate of $2.2.
Bearings manufacturer RBC Bearings (NYSERBC) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 5.5% year on year to $394.4 million. The company expects next quarter’s revenue to be around $439 million, coming in 0.7% above analysts’ estimates. Its non-GAAP profit of $2.34 per share was 6.3% above analysts’ consensus estimates.
RBC Bearings trades at $323.69 and has moved in lockstep with the market. Its shares have returned 10.7% over the last six months while the S&P 500 has gained 9.1%.
WINNIPEG, MB: PHS Renovations proudly sponsored renowned home renovation expert and HGTV Canada star Bryan Baeumler at the Winnipeg Renovation Show, which took place January 10-12, 2025, at the RBC Convention Centre. As a proud, Winnipeg-based company dedicated to bringing innovation to home renovation, PHS Renovations was honoured to present Bryan Baeumler on the Lifestyle Stage, offering attendees an inspiring and informative experience.
Ryan Griego of The Gryphon Group, part of RBC Wealth Management, leads with a personalized touch, providing active portfolio management in Southern Colorado. Supported by a dedicated team, including senior client associates Desiree Avina and Kim Ritchie, his practice continues to thrive despite rapid growth.
RBC partners with Cohere to develop secure generative AI platform, North for Banking, using their AI models and RBC's internal systems for financial services.
Shares of online used car dealer Carvana (NYSECVNA)
jumped 7.8% in the morning session after RBC analysts Brad Erickson and Khadijah Gibson upgraded the stock's rating from Sector Perform to Outperform and raised the price target from $270 to $280. The new price target implies a potential 40% upside. The analysts think CVNA's share price decline after a recent short report, presents "a buying opportunity."
RBC analyst Jonathan Atkin is optimistic about AT&T’s growth prospect and shareholder returns but valuation concerns drove him to the sidelines on T-Mobile.
