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Royal Bank of Canada has issued $560 million in floating rate senior notes due October 2027, designated Series 80452, under its securities issuance programme. The pricing supplement is dated 7 October 2026. The notes have been admitted to trading under the ISM Rulebook and are governed by a prospectus dated 9 July 2026, supplemented on 28 August 2026. The notes have not been registered under the United States Securities Act of 1933 and cannot be offered, sold, or delivered in the US or to US persons, subject to certain exceptions. Under UK MiFIR product governance rules, the target market is restricted to eligible counterparties and professional clients only across all distribution channels.

Royal Bank stock: why I'd buy it now for the next 5 years. Royal Bank just posted record profit and an 18% ROE. Here's why RBC stock looks like a smart buy for the next five years. Published October 8, 8:00 pm EDT The title above must have an exact match in a WordPress "Braze Ad". Key Points * Royal Bank of Canada earned about $18 for every $100 of shareholder money last quarter, and management says that number can keep rising. * Up to $1 billion in annual savings from artificial intelligence is just beginning to materialize, with the bigger payoff expected in 2027. * The dividend is set to grow in line with earnings, backed by a capital cushion well above what regulators require. Picture a retiree in Calgary. Her five-year GIC (Guaranteed Income Certificate) recently matured, and the rate she is offered isn't very attractive. So, she sits down with an advisor at the Royal Bank of Canada (TSX: RY) and moves the money into a balanced portfolio instead. The retiree is still a bank customer while RBC continues to earn income by upselling its product portfolio. These episodes play out thousands of times every day all across RBC branches. And it helps explain why I'd happily buy Royal Bank of Canada today and hold it for the next five years. What makes Royal Bank of Canada different from other Canadian banks? The business model of banks is simple to understand. They take deposits and provide loans. The difference between the interest they earn on loans and what is paid on deposits translates into profits. CEO David McKay said at Scotiabank's Financials Summit on September 9 that RBC runs its Canadian consumer and commercial bank at a 35% efficiency ratio, below the peer average of 45%. In other words, RBC spends $0.35 to earn each dollar of revenue, while competitors spend $0.45. Further, around 40% of RBC customers hold three or more products with the bank, CFO Katherine Gibson said at a Barclays conference on September 16. Notably, capital flows into RBC's wealth business rose 20% from a year earlier. In fiscal Q3 2026 (ended in July), RBC posted a net income of $6 billion, up from $5.4 billion last year. Its earnings per share rose 13% to $4.23, while revenue rose more than 10% to $18.5 billion. RBC added more than $80 billion in new loans in the quarter, larger than its next two peers combined. Return on equity measures the profit earned on shareholder money. The ratio has improved from 15.5% in 2024 to 16.7% in 2025 and to more than 18% in Q3. RBC's AI plan could push profits even higher by 2027. RBC is targeting $700 million to $1 billion in annual benefits from AI, after paying for the investment. Gibson said the real scale-up arrives in 2027, as it used AI to accelerate commercial loan approvals and cut mortgage sales costs. McKay said: RBC has already captured $760 million in cost savings from its HSBC Canada deal, ahead of schedule. A good part of its $300 million revenue target from that deal is still to come. Meanwhile, its U.S. bank, City National, earned roughly $184 million in Q3 as its turnaround gains speed. RBC aims to pay out 40% to 50% of earnings as dividends. That means the dividend should rise roughly in line with profits. The bank declared a quarterly dividend of $1.76 per share, or $7.04 a year. The annual dividend has risen from $2 per share in 2009. RBC also holds a capital cushion of 13.5%, well above the 11% minimum regulators require. It's also buying back about 2% of its shares a year because management believes the stock is undervalued. However, investing in RBC stock carries certain risks. For instance, the trade war could slow loan demand in sectors such as automobiles, steel, and forestry, especially in Ontario. Record profits from wealth management and capital markets could move lower if stock market sentiment turns bearish. Mortgage growth is stuck in the low single digits as immigration slows. Still, Gibson said reserves for retail loan losses now match a 20-year high. The foolish takeaway. Canada's biggest bank just had a record quarter. I'm excited about the blue-chip TSX dividend stock because it can maintain payouts across market cycles while consistently expanding earnings per share.

S&P Global has led a strategic investment in Kaiko, extending the company’s Series B to $110 million. The funding will accelerate Kaiko’s regulated data infrastructure for digital assets and tokenized markets, with leading financial institutions joining a new Strategic Industry Working Group.