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

Annual Revenue

Employees

David I. McKay's photo - President & CEO of RBC

President & CEO

David I. McKay

CEO Approval Rating

72/100

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 Barclays a competitor of RBC?

I don't know

Trending News for RBC and RBC's Competitors

October 15, 2019

FE Investegate

BARCLAYS PLC : Form 8.3 - ABBVIE INC - Amendment

4:32 PM: (0QCV) Form 8.3 - ABBVIE INC - Amendment... See more »

October 15, 2019

The Seattle Times - Business & Tech

Citigroup: 3Q Earnings Snapshot

NEW YORK (AP) - Citigroup Inc. on Tuesday reported higher third-quarter earnings, driven by a lower e... See more »

October 15, 2019

The Financial Times

Goldman Sachs' third-quarter earnings miss expectations

Trading was the only bright spot in US bank's four core divisions... See more »
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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 $3.7B 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 $14.9B less revenue vs. RBC.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

David I. McKay

President & CEO

- -
80,000
$0
$32.4B
1

Bharat Masrani

President & CEO

71/100
81,233
- -
$29.6B
2

Brian J. Porter

President & CEO

81/100
88,804
- -
$28.8B
3

Darryl White

CEO

60/100
21,832
$67.2M
$17.6B
4

Victor Dodig

President & CEO

62/100
44,220
- -
$13.6B
5

Louis Vachon

President & CEO

51/100
23,450
- -
$7.2B
6

James E. Staley

CEO

74/100
119,300
$808.5M
$26.3B
7

Tidjane Thiam

CEO

78/100
47,170
- -
$117.7B
8

Sergio P. Ermotti

CEO

64/100
60,547
$2.7B
$5.3B
9

Michael L. Corbat

CEO

78/100
323,000
$1.2B
$119.2B
10

Brian T. Moynihan

Chairman & CEO

59/100
204,489
- -
$91.7B
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 874.6K 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

$32.4B

RBC's revenue is the ranked 4th among it's top 10 competitors. The top 10 competitors average 44.5B.

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

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

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
-
Realty Income is a real estate investment trust that invests in free-standing and single-tenant commercial properties.
$3.5B
Oct 23, 2018
Debt
Oct 18, 1994

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

October 4, 2019Zolmax News

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Position Boosted by Royal Bank of Canada

Royal Bank of Canada increased its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMB... See more »
October 4, 2019Bank Innovation

RBC rolls out AI insights for business customers

Royal Bank of Canada is adding in-app personalized insights on business owners' cash flow to improve ... See more »
October 2, 2019PYMNTS

RBC Augments AR Capabilities On SMB Mobile Banking

The Royal Bank of Canada (RBC) is enhancing its mobile banking solution for small businesses with a f... See more »
October 1, 2019Crowdfund Insider

Royal Bank of Canada Announces New Mobile Banking Enhancements for Small Business Owners

Global financial institution, Royal Bank of Canada (RBC), announced on Tuesday it has rolled out mobi... See more »
September 27, 2019Arabian Business

RBC, Santander, Mizuho said to win roles on Aramco IPO

Sources say Saudi Aramco has picked a total of 15 joint bookrunners for the initial public offering... See more »
September 26, 2019Financial Post

Royal Bank of Canada wins coveted role in Saudi Aramco IPO

RBC, Banco Santander and Japan's Mizuho Financial Group are among banks that have secured bookrunner ... See more »
September 26, 2019FE Investegate

Stabilisation Notice

9:18 AM: (88DB) Stabilisation Notice... See more »

RBC Press Releases

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 »
May 29, 2019WebWire

1 million Canadians now connected with digital plan and live advisors

Canadians seeking more control of their financial future are making it clear they want the best of bo... See more »
April 4, 2019CSRwire

The RBC Foundation and CFC Team up to Deliver Landmark Multi-million Dollar Investment for Youth-led Initiatives

Community Foundations of Canada (CFC) and the RBC Foundation are pleased to announce the RBC Future L... See more »
April 4, 2019StreetInsider

RBC celebrates 150 years with a $5.5-million investment in communities across Canada, the U.S., U.K., and Caribbean

HALIFAX, April 4, 2019 /PRNewswire/ - In celebration of its 150th birthday, RBC announced a $5.5-mill... See more »

RBC Videos

October 4, 2019RBC Youtube Channel

""D'hier à aujourd'hui : Les Canadiens prennent le contrôle de leurs placements depuis trente ans "" on YOUTUBE

See more »
October 4, 2019RBC Youtube Channel

"Then & Now: Thirty Years of Canadians Taking Control of Their Investments" on YOUTUBE

See more »
October 3, 2019RBC Youtube Channel

"Global Investment Outlook, Fall 2019 - Interest rate cuts" on YOUTUBE

See more »
September 11, 2019RBC Youtube Channel

"Patrimoine montant : Donner au suivant grâce à la philanthropie intelligente" on YOUTUBE

See more »
September 11, 2019RBC Youtube Channel

"New wealth rising: Generations of doing well by doing good" on YOUTUBE

See more »
September 11, 2019RBC Youtube Channel

"New wealth rising: Paying it forward via smart philanthropy" on YOUTUBE

See more »
September 10, 2019RBC Youtube Channel

"How to link your U.S. and Canadian bank accounts in RBC Online Banking" on YOUTUBE

See more »

Social Statistics

Headquarters

200 Bay Street 9th Floor, South Tower

Toronto, OntarioM5J 2J5

416-955-7806

Driving Directions »

Trending Companies

Summary

ABOUT

Overview

The Royal Bank of Canada (NYSE: RY) provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing. Banque Royale du Canada in French, operating as RBC Financial Group, ser...

CEO

RBC's President & CEO, David I. McKay, currently has an approval rating of 72%. RBC's primary competitors are TD Bank, Scotiabank & BMO.

Website

rbc.com

Frequently Asked Questions about RBC

  1. When was RBC founded?

    RBC was founded in 1869

  2. Who is RBC's CEO?

    RBC's CEO is David I. McKay

  3. How much revenue does RBC generate?

    RBC generates $32.4B in revenue

  4. How much funding does RBC have?

    RBC has historically raised $0 in funding

  5. Where is RBC's headquarters?

    RBC's headquarters is in Toronto Ontario, CA

  1. How many employees does RBC have?

    RBC has 80,000 employees

  2. What sector does RBC operate in?

    RBC is in Banks, Mortgage Finance, Investment Banking & Brokerage

  3. Who are RBC's competitors?

    RBC's top competitors are TD Bank, Scotiabank, BMO

  4. Who has RBC invested in?

    RBC's has invested in companies such as Drop, SIRO, StandUp Ventures
Stay up-to-date with the latest news on RBC

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