Royal Bank of Canada Notches Solid Quarter; Strength Seen Reflected in Valuation -- Market Talk
Dow Jones2026/08/31 10:541054 GMT - Royal Bank of Canada's solid quarter, including a wealth management-driven beat on net interest income, prompts Keefe, Bruyette & Woods to lift its target on the shares to C$324 from C$316. Yet it views the strength of the bank's franchise to be largely reflected in the valuation, with the stock trading at 15.8 times expected fiscal 2027 earnings. It therefore reiterates a market perform call. KBW raises its forecast for fiscal 2026 earnings per share by C$0.40 to C$16.38 and for fiscal 2027 by C$0.45 to C$17.95. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
August 31, 2026 06:54 ET (10:54 GMT)
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