Royal Bank of Canada (NYSE:RY)

$ 120.88 -0.2 (-0.17%) Market Cap: 171.14 Bil Enterprise Value: 420.83 Bil PE Ratio: 15.51 PB Ratio: 2.09 GF Score: 71/100

Royal Bank of Canada at Scotiabank Financials Summit (Virtual) Transcript

Sep 09, 2021 / 12:50PM GMT

Release Date Price: $102.63 (+0.68%)

Transcript

Meny Grauman

Scotiabank Global Banking and Markets, Research Division - MD of Financial Services Equity Research & Analyst

Welcome back. With me now is the President and CEO of RBC, Mr. Dave McKay. Dave, good to see you.

David I. McKay

Royal Bank of Canada - President, CEO & Director

Hi, Meny. It's great to be here.

Questions & Answers

Meny Grauman;David I. McKay

Scotiabank Global Banking and Markets, Research Division - MD of Financial Services Equity Research & Analyst;Royal Bank of Canada -

We have 25 minutes. I'm going to jump right in. When I speak to investors, there was a lot of debate about which bank can outperform in the short to medium term. There seems to be a lot more agreement among the investor base about RBC's edge in terms of the long-term outlook. So I'm wondering if you could talk about your competitive advantage as you see it both over the next 12 months, but then also if we could focus on the long term as well and then how you see that.

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