Omaha Bank Invests Heavily in Royal Bank Of Canada

First National Bank of Omaha has invested in Royal Bank Of Canada (NYSE:RY) by purchasing 33,406 shares valued at approximately $6,841,000.

This is not the bank's first investment in RY; it joins a growing list of institutional investors who have increased their holdings in the company this quarter. Echo45 Advisors LLC and Key Financial Inc have also increased their stakes, with Apella Capital LLC purchasing an additional 64 shares to bring its total holdings to 2,155.

Royal Bank Of Canada reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.81 by $0.03. The company's revenue was up 11.4% compared to the same period last year.