RY
RBC Global Asset Management Adds Two U.S. Intermediary Directors
Article Summary
BUY- RBC Global Asset Management (U.S.) Inc. added two new U.S.
- Intermediary Directors to target independent broker dealers, with Teddy Yannakouras appointed Managing Director, Head of Broker/Dealer Channel and Joe Dinaso named Director of Northeast Intermediaries for Northeast region.
- Royal Bank Of Canada is the asset management division of Royal Bank of Canada (RBC) and is focused on global investment management services and solutions to institutional, high-end institutional clients.
- The hires will build a team responsible for driving sales through independent and regional broker dealer firms, with the former head of Advisor Channel Sales leading up to 16 sales professionals delivering mutual funds, ETFs, and hedge fund solutions helping to grow net sales for this business line.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 3.0% | 25% | 20.0 ptsMinimal (3.0%) - Very weak |
| EPS Growth Next 5Y ? | 10.4% | 25% | 35.0 ptsBelow Screener (10.4%) - Modest outlook |
| Target Price Upside ? | 4.2% | 20% | 20.0 ptsMinimal Upside (4.2%) - Target: $197.34 vs Current: $189.45 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -1.1% | 15% | 20.0 ptsBarely a Dip (-1.1%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About RY
- Royal Bank of Canada operates as a diversified financial service company worldwide.
- Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions.
- The company's Commercial Banking segments provides lending, deposit and transaction banking products and services.
- Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other solutions to clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners.
- The company's Insurance segment offers life, health, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; digital platforms; and independent brokers and partners, as well as client-led advice and solutions.
- The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments.
- The company was founded in 1864 and is based in Toronto, Canada.