Royal Bank of Canada reports on 27 August and manages 2.4 trillion Canadian dollars

Royal Bank of Canada presents its figures for the third quarter of 2026 on 27 August. Publication is planned for about six in the morning American eastern time, and the analyst call for half past eight.

The institution is the largest bank in Canada by market value. At the end of April 2026 total assets stood at around 2.4 trillion Canadian dollars.

The short version

• Royal Bank of Canada presents its figures for the third quarter of 2026 on 27 August, with the analyst call at half past eight eastern time.
• At the end of April 2026 total assets stood at around 2.4 trillion Canadian dollars.
• In financial year 2025 the institution generated revenue of 66.61 billion Canadian dollars and net profit of 20.37 billion.

The starting point from last year

In financial year 2025 the bank generated revenue of 66.61 billion Canadian dollars and net profit of 20.37 billion. Assets under management came to 1.574 trillion Canadian dollars and equity to 139.15 billion.

It employed 96,628 people. By its own account the institution serves more than 19 million customers and employs more than 101,000 people worldwide.

The bank is broadly based. Its business lines include retail and corporate banking, wealth management, insurance, capital markets and trading in commodities and equities.

Subsidiaries include City National Bank, RBC Bank, RBC Capital Markets, RBC Royal Trust, the Royal Bank of Trinidad and Tobago and the British wealth manager Brewin Dolphin.

A broad model rather than dependence on trading

That structure sets the institution apart from the large American investment banks currently reporting record results.

Goldman Sachs generated net revenue of 20.34 billion dollars in the second quarter, the strongest quarter of its 157 year history. That was carried by trading and by advising on large transactions, among them the listing of SpaceX. Earnings like that cannot be planned.

At a bank with a high share of retail and corporate business, earnings flow more steadily while the upward swings are smaller. Net profit of 20.37 billion Canadian dollars last year describes earning power that depends less on individual market phases.

What matters in the quarter

Three areas are likely to be at the centre.

The first is the provision for credit losses. It shows how the bank assesses the position of households and companies. In Canada the property market is the decisive factor there, because mortgages make up a large part of the loan book.

The second is the American business through City National Bank. Regional institutions in the United States have come under pressure several times in recent years.

The third is wealth management. When equity markets rise, assets under management grow and with them fee income. The American benchmark index recently passed the 7,800 point mark for the first time.

The rate picture is turning

For banks on both sides of the border the environment is changing. Expectations of a further rate rise in the United States are fading in the market. The policy rate of the American central bank stands at 3.63 percent.

The euro rose above 1.16 dollars at the start of the week and reached a two month high, while the dollar touched a three month low.

Falling rates work in two directions for banks. They narrow the spread between lending rates and deposit rates, but at the same time they relieve borrowers and therefore lower default risk.

The bank was founded in Halifax in 1864. Its registered office is in Toronto and its head office in Montreal. The chief executive is David I. McKay.

Frequently asked questions

What matters in this quarter

Three areas. The provision for credit losses shows how the bank assesses the position of households and companies. The American business through City National Bank is under particular observation. And wealth management benefits from rising equity markets through higher fee income.

What sets the bank apart from the American investment banks

The high share of retail and corporate business. There earnings flow more steadily while the upward swings are smaller. Goldman Sachs generated net revenue of 20.34 billion dollars in the second quarter, carried by trading, and earnings like that cannot be planned.

How do falling rates affect a bank

In two directions. They narrow the spread between lending rates and deposit rates, but at the same time they relieve borrowers and therefore lower default risk. The policy rate of the American central bank stands at 3.63 percent.

This analysis is for information only and is not investment advice.