Canada's RBC Q1 EPS beat expectations on wealth, personal banking boost

Royal Bank of Canada

26/02/2026 11:08

Overview

Canada's largest bank reported Q1 revenue beat analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Net income for Q1 rose 13% yr/yr, driven by diversified business growth

Outlook

Company did not give any specific guidance

Result Drivers

WEALTH MANAGEMENT - Higher fee-based revenue driven by market appreciation and net sales contributed to increased net income

PERSONAL BANKING - Higher net interest income and volume growth in loans drove net income increase

CAPITAL MARKETS - Increased revenue in Global Markets contributed to net income growth

Company press release: ID:nCNWKXbLla

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
C$17.96 bln
C$17.46 bln (9 Analysts)
Q1 Adjusted EPS
Beat
C$4.08
C$3.85 (11 Analysts)
Q1 EPS
C$4.03
Q1 Net Income
C$5.79 bln
Q1 CET1 Capital Ratio
13.70%
Q1 Provision for credit losses
C$1.10 bln
Q1 ROE
17.60%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Royal Bank of Canada is C$246.00, about 3.7% above its February 25 closing price of C$237.21

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)