Royal Bank Of Canada Tops Earnings Estimates Amid Rising Institutional Interest

Royal Bank Of Canada (NYSE:RY) has announced its quarterly earnings results. The financial services provider reported $3.07 EPS for the quarter, surpassing the consensus estimate of $2.89 by $0.18.

The company's net margin stands at 15.92%, and return on equity is 17.68%. Royal Bank Of Canada has a market capitalization of $287.75 billion, with a price-to-earnings ratio of 18.65.

Institutional investors have been active in the company's shares, with several large investors buying or increasing their stakes in recent quarters.