11:25 AM EDT, 05/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

After reviewing Apr-Q earnings, we increase our 12-month target price by CAD10 to CAD218, 14.9x our FY 26 (Oct.) EPS view of CAD14.64, a wider risk premium than the peer average of 10.9x given its scale and superior earnings profile. We lower our FY 25 EPS to CAD13.52 from CAD13.59 and raise FY 26's to CAD14.64 from CAD14.45. Our revenue projections are USD65.1 billion and USD66.4 billion, respectively. Although credit challenges led to an earnings miss this quarter, we are confident that RY will report record EPS in FY 25 as the bank benefits from momentum in both capital markets and wealth management. Additionally, once tariff tensions subside, we expect commercial loan growth to gain momentum as clients have held off on long-term investments in recent months as they assess how tariffs could impact their businesses. We also expect improving performance from City National Bank to benefit results and note adjusted net income jumped to USD88 million in the quarter vs. USD73 million a year ago.