Royal Bank of Canada operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Royal Bank of Canada with three other
companies in this sector in Canada:
sales of 40.88 billion Canadian Dollars [US$32.04 billion]
of which 49%
was Canadian Personal and Commercial Banking),
Bank of Montreal
(25.58 billion Canadian Dollars [US$20.04 billion]
of which 27%
was Canadian P&C), and
Canadian Imperial Bank of Commerce
(18.67 billion Canadian Dollars [US$14.63 billion]
of which 47%
was CIBC Retail Markets).
Royal Bank of Canada reported sales of C$46.24 billion (US$36.24 billion)
October of 2016.
increase of 7.1%
versus 2015, when the company's sales were C$43.18 billion.
Sales at Royal Bank of Canada have increased during each of the previous five years
(and since 2011, sales have increased a total of 29%).
Sales of Wealth Management saw an increase
that was more than double the company's growth rate: sales were up
29.7% in 2016, from
C$6.78 billion to C$8.79 billion.
Royal Bank of Canada also saw significant increases in sales in
Rbc Insurance (up 16.1% to C$5.15 billion)
Investor and Treasury Services (up 11.4% to C$2.27 billion)
Not all segments of Royal Bank of Canada experienced an increase in sales in 2016:
sales of Rbc Capital Markets fell 1.4% to C$7.95 billion.