Wealth management and capital markets make up a sizeable chunk, while the rest comes from insurance and Investor & Treasury Services. It makes most of its money from its private and commercial banking services, but that usually makes about one-third of its total revenue spread. The bank, thanks to its position in the Canadian financial market, holds a lot of sway over the market, even with regulators dictating strategy and charting the course for the Canadian banking sector, which is conservative enough in its own right.Īnother strong point in the bank’s favor is the revenue mix. The size and the leadership position of the bank, not just in the Canadian market but in quite a few international markets where it operates, comes with a considerable “upside” from a stability perspective. This, along with the assets under its administration and management, makes RBC the 11 th largest global investment bank. It has customers in 29 countries, and in many of these countries, RBC’s presence can be traced back decades. Its international penetration is also quite significant. Wealth management is another business segment where RBC leads the pack. With 1,182 branches and 4,032 ATMs, it also has the largest retail presence in the country. Here, the margin is sizeable enough that it’s likely to stay that way, though it has the highest market share of high-net-worth Canadian clients. It’s also the second-largest by the number of customers (14 million). In 2021, it fell just a smidge short of being the largest bank in Canada by total assets (Toronto Dominion was the first). It’s the largest lender in Canada since 2018. The fluctuation of the two companies as they each sit on the top chair might continue in the future.īut the Royal Bank of Canada is not the largest bank simply by virtue of its market cap. It was displaced by Shopify in 2020 but reclaimed its spot in early 2022.

It’s the top dog even among the large-cap asset pool in Canada. Company’s Size And Presence In The Sectorįor several years, the Royal Bank of Canada enjoyed the top spot on the TSX as the largest security by market capitalization. It earned multiple titles over the decades and has established itself as the most powerful Canadian bank. With branches in 801 communities and 18.7% of the total banking market share, it grew to be the largest bank in the country by 1925 (after absorbing Union Bank and Northern Crown). The first branch in Toronto opened in 1903. The financial institution got its current name: The Royal Bank of Canada, in 1901, part of the national expansion. The presence in the US started in 1899 (New York). It got a federal charter in 1869 and started developing an international presence as early as 1882 when it reached Bermuda.

The Royal Bank of Canada predates the country of Canada and started its journey in 1864 as the “Merchants Bank” in the Halifax waterfront. ➡️ Buy Stocks With Wealthsimple – $25 Cash Bonus

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