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RBC Financial Group RBC Financial Group RY on the TSE and NYSE is one of North Americas premier diversified financial services companys Within Canada it is the leader in most of its businesses RBC Financial Group is a new master-brand It was formerly known as The Royal Bank of Canada They dropped the name Canada from their title as a marketing ploy to sound less junior league to the Americans The move symbolizes the evolution that the organization has undergone in recent years Expanding beyond its Canadian base into the United States and other international markets RBC has become an umbrella under which each of the companys five business platforms operate worldwide -- RBC Capital Markets RBC Global Services RBC Royal Bank RBC Insurance and Investments In an attempt to continue to grow as a company RBC has completed many mergers and acquisitions mostly concentrating on the American market Since April 2000 they have purchased American companies such as Prism Financial Corporation Centura Banks Inc Liberty Life Insurance Company and Liberty Insurance Services Corporation Combined these companies have over 600 offices in over 40 states RBC has spent over US5 billion on US acquisitions in little more than a year Even with these recent expansions RBC continues to seek more investment opportunities around the US with its focus being on younger companies that have more room for growth RBC Financial Group has experienced very good growth over the last ten years They have done a very good job of increasing the current value of stock for their shareholders In the last 5 years shareholders have benefited from a 19 percent compounded annually total shareholder return compared to that a 6 percent for the TSE 300 For prospective investors RBC is a very attractive company to invest in Like most banks they have experienced close to constant growth in their dividends They have raised their common share dividends four
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