12:36:11 EDT Thu 16 Oct 2025
Enter Symbol
or Name
USA
CA



Royal Bank of Canada
Symbol RY
Shares Issued 1,405,339,302
Close 2025-10-14 C$ 204.19
Market Cap C$ 286,956,232,075
Recent Sedar Documents

Globe says RBC seeks growth in U.S. wealth management

2025-10-15 08:29 ET - In the News

The Globe and Mail reports in its Wednesday edition that over the past five years, RBC has cemented its position as the leading Canadian bank and investors have rewarded it with a premium valuation. The Globe's Time Kiladze and Clare O'Hara write that looking out over the next decade, the bank's obvious avenues for growth have either already been travelled (the acquisition of HSBC Bank Canada) or ruled out (expansion into retail banking in the United States). To keep growing, RBC has to get creative, and for the first time it is leaning on a division that has often impressed, but has not been the centrepiece of its strategy: wealth management. The hope is that this business can deliver a good chunk of growth, particularly in the United States. RBC has a solid foundation to build upon. The bank has dominated in Canadian wealth management over the past decade, fuelled by financial advisers expanding their roles to offer a plethora of financial planning services, such as business succession advice, philanthropy guidance and estate planning. And in the U.S., RBC has already pivoted to serve a wealthier client base. So far, however, the U.S. arm, based in Minneapolis, Minn., has not quite been the same success story.

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