BuybackMay 28, 2026, 02:46 PM
Royal Bank of Canada to Repurchase Up to 45M Common Shares
AI Summary
Royal Bank of Canada announced its intention to repurchase up to 45 million of its common shares, representing approximately 3.24% of outstanding shares as of May 15, 2026. The normal course issuer bid is subject to approval from the TSX and OSFI and is expected to commence on June 12, 2026, continuing until June 11, 2027. This action aims to manage the Bank's capital position and generate shareholder value, supported by strong capital ratios.
Key Highlights
- Royal Bank of Canada plans to repurchase up to 45 million common shares.
- This represents approximately 3.24% of the Bank's outstanding common shares as of May 15, 2026.
- There were 1,389,691,690 common shares outstanding on May 15, 2026.
- The buyback is subject to approval from the TSX and OSFI.
- Purchases may commence on June 12, 2026, and continue until June 11, 2027.
- The Bank's Common Equity Tier 1 ratio was 13.5% as of April 30, 2026.
- The Bank's Tier 1 capital ratio was 15.0% and Total capital ratio was 16.9% as of April 30, 2026.
Price Impact
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