Is RBC Now A BB? (Also Why Do Australian Banks Not Do As Well As RBC/BMO/TD Cowen?)
RBC is #9 in US M&A YTD, beating out Barclays, UBS, DB and WF (semi-BB).
RBC was #9 in US M&A last year, beating out Barclays, UBS and DB.
By all accounts, RBC should be considered a mid-tier BB, lagging behind GS/MS/JPM and barely edged out by BofA/Citi, on par with Barclays and comfortably beating out UBS/DB/WF/First Boston.
Also why are there so many notable Canadian banks in the league tables while the only Australian one being Macquarie is nowhere near RBC-caliber, despite both Canada/Australia being identical population/GDP/economy/industries wise?
More like a challenger bank, but with good performance in 2 years it would be a bb
RBC is a rising star in the BB league and hasn't really solidified their position yet. We will wait and see.
In terms of Macquarie, it has a very strong presence in Asia-Pacific, just as RBC in North America. I'd say they are at the same level. You think RBC is miles better than Macquarie because you're viewing it from a North American standpoint.
Thought BB had to at least be somewhat international. RBC not that big outside of NA. Basically non-existent in APAC
Fair but it has a higher market capitalization than all the BBs except JPM, MS and BofA.
Delete
RBC isn't a BB. Here we go again with their analysts on WSO promoting the bank.
No one is taking RBC over Barclays, CS, or UBS. Even if RBC were doing better, the exits / brand from the non-RBC banks are way better
That being said, RBC is a good shop and easily beats out WF
Buddy CS doesn't exist anymore, UBS and RBC is a toss up IMO but Barclays is a stronger choice than RBC I agree
One day, your knees will buckle under the weight of your endless sins.
CS has been gone for a long time and Wells Fargo literally poached almost all of CS's senior guys. Read an article or something
RBC isn't a BB. It's a fair way off due to its limited global presence.
A decent T2 advisory brand with a growing EMEA presence.
Two main reasons why rbc is not a bb:
1. no global presence
2. incredibly group dependent...there are some groups that do nothing and are zombie pitch groups, vs. a BB every group is at least halfway decent and gets some flow by default based on name brand
RBC has better brand name than UBS/DB/WF though.
Depends where you are. The lack of true global presence is the common theme with RBC
Bro we get it you landed RBC congrats
Currently at a top HF (ignore title) after my CVP/PJT/LAZ stint, never stepped foot into the RBC building
Congrats on Laz analyst stint
Wtf is RBC?
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