RBC's Competitors, Revenue, Number of Employees, Funding and Acquisitions

RBC is a financial services company that offers commercial banking, wealth management, insurance, investor and treasury ... Read more

Followers on Owler

49,601

Followers on Owler

Annual Revenue

Employees

President & CEO

David I. McKay

CEO Approval Rating

77/100

OVERVIEW

Founded:

1869

Headquarters:

TorontoOntario

Status:

PublicIndependent Company of NYSERY

Industry Sector:

Banks

Mortgage Finance

Investment Banking & Brokerage

Diversified Financial Services

SIC Code:

6199NAICS listing »

6162NAICS listing »

6411NAICS listing »

Top Competitors or Alternatives

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Competitor - 1/1

Is CIBC a competitor of RBC?

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Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

TD Bank is the top competitor of RBC. TD Bank is a Public company that was founded in Toronto, Ontario in 1855. Like RBC, TD Bank also operates in the Banks sector. TD Bank has 4,383 more employees vs. RBC.

Scotiabank is seen as one of RBC's biggest rivals. Scotiabank was founded in Toronto, Ontario} in 1832. Like RBC, Scotiabank also competes in the Banks space. Compared to RBC, Scotiabank generates $9.8B less revenue.

BMO is perceived as one of RBC's biggest rivals. BMO was founded in 1817, and is headquartered in Toronto, Ontario. Like RBC, BMO also operates in the Banks space. BMO generates $16B less revenue vs. RBC.

David I. McKay

President & CEO

- -

80,000

$33.5B

Bharat Masrani

President & CEO

72/100

81,233

- -

$29.6B

Brian J. Porter

President & CEO

63/100

88,804

- -

$23.7B

Darryl White

CEO

80/100

21,832

$67.2M

$17.5B

Victor Dodig

President & CEO

53/100

44,220

- -

$14.6B

Louis Vachon

President & CEO

68/100

23,450

- -

$7.2B

James E Staley

CEO

69/100

119,300

$808.5M

$27.1B

Tidjane Thiam

CEO

71/100

47,170

- -

$22.1B

Sergio P. Ermotti

CEO

69/100

60,547

$2.7B

$5.3B

Michael L. Corbat

CEO

67/100

323,000

$1.2B

$119.4B

Brian T. Moynihan

Chairman & CEO

70/100

204,489

- -

$91.8B

The top 10 competitors in RBC's competitive set are TD Bank, Scotiabank, BMO, CIBC, National Bank of Canada, Barclays, Credit Suisse , UBS, Citigroup and Bank of America. Together they have raised over 4.8B between their estimated 890.7K employees. RBC has 80,000 employees and is ranked 6th among it's top 10 competitors. The top 10 competitors average 99,458.

Quarterly and Annual Revenue

Coming soon for RBC!

Annual Revenue

$33.5B

RBC's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 35.6B.

Acquisitions

COMPANY ACQUIRED

ACQUISITION DATE

AMOUNT

DESCRIPTION

WayPay Inc.

Jul 2019

Source »

undisclosed

WayPay provides cloud-based B2B payments and accounts payable solutions.

City National Bank

Jan 2015

Source »

$5.4B

City National provides business and personal banking products and services.

Royal Bank of Canada Website

Apr 2012

Source »

$1.1B

-

Oct 2010

Source »

$1.5B

These are all the companies that RBC has acquired. RBC has acquired 4 companies and its latest acquisition was WayPay Inc. in Jul 2019. WayPay provides cloud-based B2B payments and accounts payable solutions.

Investments

Plexo Capital is a venture capital investment firm that invests in growth-stage technology and healthcare industries.

$42.5M

Dec 04, 2019

Investment Fund

Drop is a mobile application that allows the users to earn rewards and points on their credit card purchases and loyalty programs.

$44M

Aug 21, 2019

Series B

SIRO is a provider of fiber broadband communication services for residential and commercial sectors.

$222.8M

Jul 25, 2019

Debt

StandUp Ventures is a private equity firm that makes seed investments in women-led startups.

$9.7M

May 20, 2019

Investment Fund

OJO Home is an online platform that offers real estate solutions to the agents.

$45M

Mar 07, 2019

Series C

These are all the companies that RBC has invested in. RBC has invested 4 companies and its latest investment was WayPay Inc. in Jul 2019. WayPay provides cloud-based B2B payments and accounts payable solutions.

RBC News

See all articles »

December 5, 2019The Chronicle Herald

RBC to ratchet up efforts to turn Ventures users into banking clients | The Chronicle Herald

The Royal Bank of Canada has connected with 3.2 million Canadians via its digital app-building effort... See more »

December 4, 2019MobileSyrup

RBC says it's connected to 3.2 million Canadians through its venture apps

RBC says that it has ties with 3.2 million Canadians through its digital app-building efforts, as rep... See more »

December 4, 2019Canadian Business

RBC executives say bank expects challenging environment but opportunity for growth

TORONTO - Royal Bank of Canada expects to face a challenging environment in the coming year amid unce... See more »

December 4, 2019Reuters

WRAPUP 5-Royal Bank of Canada sees deals pickup in 2020 following sluggish quarter

Royal Bank of Canada expects a pickup in deal-making in early fiscal 2020, its chief financial office... See more »

December 4, 2019Financial Post

RBC makes inroads with digital ventures as investment banking dries up

Royal Bank has established ties with 3.2 million Canadians through its apps... See more »

December 4, 2019Toronto Star

RBC misses estimates in tough times for investment banking

Royal Bank still ended the year with profit of $12.9 billion, extending a record streak that stretche... See more »

December 4, 2019Reuters

WRAPUP 3-Royal Bank of Canada profit disappoints on capital markets weakness, shares drop

Royal Bank of Canada became the latest Canadian lender to post disappointing quarterly earnings, driv... See more »

RBC Press Releases

See all articles »

October 9, 2019GlobalNewswire

ITAC collaborates with Agorize, Microsoft and RBC Future Launch to unveil new upskilling initiative to help prepare students with future-ready skills to thrive in age of disruption and artificial intelligence

New AI Pathways Initiative aims to provide Canadian students with the training and skills development... See more »

September 5, 2019WebWire

Rod Bolger of RBC to speak at the 2019 Barclays Global Financial Services Conference

Rod Bolger, Chief Financial Officer of Royal Bank of Canada (RY on TSX and NYSE), is scheduled to spe... See more »

August 15, 2019WebWire

Royal Bank of Canada announces results of conversion privileges of NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shares Series BB

ï¿½ Royal Bank of Canada (RY on TSX and NYSE) today announced that during the conversion notice perio... See more »

July 23, 2019GlobeNewswire

Bow Valley College to receive $500,000 in funding for community based entrepreneurship program

Bow Valley College will continue to support first-time entrepreneurs in the 150 Startups program thro... See more »

July 19, 2019WebWire

Royal Bank of Canada announces NVCC subordinated debenture issue

Royal Bank of Canada (RY on TSX and NYSE) today announced an offering of $1.5 billion of non-viabilit... See more »

July 19, 2019Thailand Press Release News

Venture Global Secures Binding Commitments of over $10 billion for its $5.8 billion Calcasieu Pass LNG Construction Financing

Venture Global LNG, Inc. is proud to announce that the company#s $5.8 billion Calcasieu Pass LNG cons... See more »

July 2, 2019WebWire

RBC signs landmark brief filed in trio of U.S. Supreme Court Cases in support of LGBT+ civil rights protections

The Royal Bank of Canada ("RBC") has partnered with more than 200 major companies in signing a "frien... See more »