14:01 ET -- Royal Bank of Canada is one of the most talked about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The bank said it will acquire the Canadian unit of the British banking and financial services giant HSBC Holdings PLC for 13.5 billion Canadian dollars ($10 billion). HSBC Bank Canada has about C$134 billion in assets as of Sept. 30 with 130 branches and 4,200 full-time equivalent employees. Royal Bank says the acquisition builds on its core domestic retail business and expands international product capabilities. The deal is expected to be about 6% EPS accretive relative to 2024 consensus estimates for Royal Bank. Dow Jones & Co. owns Factiva. (jennifer.tershak@wsj.com)

 

(END) Dow Jones Newswires

November 29, 2022 14:16 ET (19:16 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Royal Bank of Canada (TSX:RY)
Graphique Historique de l'Action
De Déc 2022 à Jan 2023 Plus de graphiques de la Bourse Royal Bank of Canada
Royal Bank of Canada (TSX:RY)
Graphique Historique de l'Action
De Jan 2022 à Jan 2023 Plus de graphiques de la Bourse Royal Bank of Canada