Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Royal Bank of Canada    RY   CA7800871021

ROYAL BANK OF CANADA (RY)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Royal Bank of Canada : RBC to change presentation of certain financial information related to IFRS 9 accounting rules

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/09/2018 | 10:07pm CET

TORONTO, Feb. 9, 2018 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) released today a proposed template of our Supplemental Financial Information package, reflecting the impact of the adoption of International Financial Reporting Standard 9, Financial Instruments (IFRS 9).

This proposed template is available on our Investor Relations website to help readers better understand our financial disclosure regarding the impact of these accounting rule changes.

As previously disclosed in our 2017 Annual Report, RBC adopted IFRS 9 on November 1, 2017. Under transition provisions of IFRS 9, RBC elected not to restate comparative period results. Accordingly, all comparative period information will be presented in accordance with its previous accounting policies under IAS 39, as described in the 2017 Annual Report (Note 2).

It is possible that the Supplemental Financial Information package for the first quarter of 2018 may reflect further refinements. RBC expects to provide more information on the impact of IFRS 9 in its Report to Shareholders for the first quarter of 2018, which will be available on February 23.

ABOUT RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 80,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 16 million clients in Canada, the U.S. and 35 other countries. Learn more at rbc.com.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release may be deemed to be forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. These forward-looking statements include, but are not limited to, statements with respect to the Bank's transition to IFRS 9. Forward-looking statements are typically identified by words such as "believe", "expect", "foresee", "forecast", "anticipate", "intend", "estimate", "goal", "plan" and "project" and similar expressions of future or conditional verbs such as "will", "may", "should", "could" or "would".

By their very nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties, which give rise to the possibility that our predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct and that our forward-looking statements, including statements with respect to RBC's transition to IFRS 9, will not be achieved. We caution readers not to place undue reliance on these statements as a number of risk factors could cause our actual results to differ materially from the expectations expressed in such forward-looking statements. These factors – many of which are beyond our control and the effects of which can be difficult to predict – include: credit, market, liquidity and funding, insurance, operational, regulatory compliance, strategic, reputation, legal and regulatory environment, competitive and systemic risks and other risks discussed in the risk sections of our 2017 Annual Report; including global uncertainty and volatility, elevated Canadian housing prices and household indebtedness, information technology and cyber risk, regulatory change, technological innovation and new entrants, global environmental policy and climate change, changes in consumer behavior, the end of quantitative easing, the business and economic conditions in the geographic regions in which we operate, the effects of changes in government fiscal, monetary and other policies, tax risk and transparency and environmental and social risk.

We caution that the foregoing list of risk factors is not exhaustive and other factors could also adversely affect our results. When relying on our forward-looking statements to make decisions with respect to us, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Material economic assumptions underlying the forward-looking statements contained in this press release are set out in the Economic, market and regulatory review and outlook section and for each business segment under the 2017 Operating environment, Strategic priorities and Outlook headings in our 2017 Annual Report. Except as required by law, we do not undertake to update any forward-looking statement contained in this press release.

SOURCE Royal Bank of Canada

© Canada Newswire, source Canada Newswire English

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ROYAL BANK OF CANADA
02/16ROYAL BANK OF CANADA : ANTIGUA-COURT - Antigua and Barbuda Workers Union Wins La..
AQ
02/13Stock markets calm ahead of UK inflation data – business live
AQ
02/12ROYAL BANK OF CANADA : RBC to change presentation of certain financial informati..
AQ
02/12American National Insurance Shares Bought by Aperio Group LLC
AQ
02/12ROYAL BANK OF CANADA : Taylor Frigon Capital Management LLC Purchases Shares of ..
AQ
02/09ROYAL BANK OF CANADA : RBC to change presentation of certain financial informati..
AQ
02/09TVA : RBC announces partnership with La Voix to propel local talent
AQ
02/08MILLENNIAL MONEY DILEMMA : They know what they want in life, but not always how ..
PU
02/08MILLENNIAL MONEY DILEMMA : They know what they want in life, but not always how ..
AQ
02/07ROYAL BANK OF CANADA : RBC signs multi-year sponsorship deal with Dustin Johnson
AQ
More news
News from SeekingAlpha
02/14ROAD TO FINANCIAL INDEPENDENCE : My January 88-Stock Portfolio Review 
02/07AEROPLAN IS DEAD, LONG LIVE AEROPLAN : How Aimia Can Compete Effectively With Ai.. 
02/06A Look At The Big Canadian Banks 
02/06AEROPLAN IS DEAD, LONG LIVE AEROPLAN : How Aimia Can Compete Effectively With Ai.. 
02/05If I Had To Build An Income Portfolio Today - Update 26 
Financials ( CAD)
Sales 2018 41 079 M
EBIT 2018 17 853 M
Net income 2018 11 598 M
Debt 2018 -
Yield 2018 3,73%
P/E ratio 2018 12,61
P/E ratio 2019 11,66
Capi. / Sales 2018 3,57x
Capi. / Sales 2019 3,41x
Capitalization 147 B
Chart ROYAL BANK OF CANADA
Duration : Period :
Royal Bank of Canada Technical Analysis Chart | RY | CA7800871021 | 4-Traders
Technical analysis trends ROYAL BANK OF CANADA
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 110  CAD
Spread / Average Target 9,6%
EPS Revisions
Managers
NameTitle
David I. McKay President, Chief Executive Officer & Director
Kathleen Patricia Taylor Chairman
Bruce Ross Group Head-Technology & Operations
Rod Bolger Chief Financial Officer
Michael H. McCain Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL BANK OF CANADA-2.07%117 714
JP MORGAN CHASE & COMPANY7.57%400 788
INDUSTRIAL AND COMMERCIAL BANK OF CHINA10.97%369 967
BANK OF AMERICA8.40%331 354
WELLS FARGO-1.07%293 240
CHINA CONSTRUCTION BANK CORPORATION10.42%288 752