Royal Bank of Canada (NYSE:RY)

$ 124.68 -1.36 (-1.08%) Market Cap: 178.18 Bil Enterprise Value: 432.81 Bil PE Ratio: 15.89 PB Ratio: 2.14 GF Score: 70/100

Royal Bank of Canada at CIBC Eastern Institutional Investor Conference Transcript

Sep 25, 2019 / 12:35PM GMT

Release Date Price: $81.01 (+0.46%)

Transcript

Unidentified Analyst

Okay. Our next participant is Rod Bolger, he's the CFO of Royal Bank, and he's been with the bank since 2011. And in his current role now, help me out, Rod.

Rod Bolger

Royal Bank of Canada - CFO

I've got 3 years.

Unidentified Analyst

3 years. So thanks for joining us.

Rod Bolger

Royal Bank of Canada - CFO

Thanks for having me.

Questions & Answers

Unidentified Analyst

I'd like to start a little bit, almost -- it's not really a philosophical question, but it's -- there's a lot of talk, people will think about acquisitions and how you're going to grow and the need to do acquisitions to continue to grow. And you would think the largest bank in Canada would have a need for acquisitions to fuel the growth and it feels like you guys are quite comfortable that the organic story has a lot of runway in all directions.

So can you talk to me a little bit about what it is about that organic story that you're still

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