Royal Bank of Canada Earnings Preview: Everything Looks Great, But I'm Not Buying

  • Royal Bank of Canada delivered exceptional Q1 results, with strong revenue, EPS, and ROE growth across all core segments, including successful HSBC Canada integration. Despite robust performance, I remain cautious due to rising credit loss provisions, macroeconomic uncertainty, and mixed analyst expectations for Q2. The bank's capital position is solid, the dividend yield attractive, and buybacks continue, but risks from tariffs and regulatory changes linger.