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Not sure where you are seeing this hate. Most people on WSO consider RBC a top BB alongside the likes of GS, MS, and JPM.

 

no no he has claibre catlents oftr the bigone day we will all see and you will be like why is this happening to us but no no no you keep it going with the big banks like rbc, itis top bank

 

great observation. i believe thats why they are known as an "elite bulge bracket boutique"

 

The only metrics on which RBC is close to being a BB is that its office is right next to GS.

RBC will never be a BB

 
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The hatred is coming from a place of jealousy and fear. Last year, RBC launched their Elite Boutique Bulge Bracket (“EBBB”) strategy. Ever since they’ve been punching up to the detriment of financial services competitors, with the poaching of major rainmakers enabling them to advise on selected marquee transactions including sell-side advisor on the sale of Royal Bank Plaza and buy-side on the sale of HSBC’s Canadian operations.

 

For you young bucks, important to know the only firm that could compete with RBC way back in the day was RBA (Royal Bank of America). Unfortunately they were over levered and exposed too much during the war of 1812 (in 1812). At that point, RBC bought their assets for pennies on the dollar (Rothschild’s sovereign and debt advisory teams advised on this - my great great great uncle, Mayer Amschel Rothschild was an MD on this) and RBC has since emerged as an EBBB over the centuries, along the likes of BMO M&M, MUFG, Credit Agricole, PJT RSSG and Left Lane Associates.

 

Analyst 1 in IB-M&A:

For you young bucks, important to know the only firm that could compete with RBC way back in the day was RBA (Royal Bank of America). Unfortunately they were over levered and exposed too much during the war of 1812 (in 1812). At that point, RBC bought their assets for pennies on the dollar (Rothschild’s sovereign and debt advisory teams advised on this - my great great great uncle, Mayer Amschel Rothschild was an MD on this) and RBC has since emerged as an EBBB over the centuries, along the likes of BMO M&M, MUFG, Credit Agricole, PJT RSSG and Left Lane Associates.


I used to live on the 18th floor of a building, in an apartment 1812. The whole time I lived there, my dark side secretly hoped that the couple on the other side of the wall would have some big blowout argument so that I could make “War of 1812” jokes. For better or worse, it never happened.

"Now youse can't leave." -Sonny LoSpecchio
 

RBC is the only bank that FTP truly fears. ($140k as an1 btw)

When we bake off against RBC you could easily compare it to Tyson vs Holyfield, Mayweather vs Pacquiao, or Ali vs Frazier - you get the picture. Two industry juggernauts plowing through everything in their path, making the competition cower in terror as they rake in M&A (def not mostly financing) fees.

RBC is a force to be reckoned with and I would literally kneel on the street to anyone who works there.

 

I work at RBC and HSBC was a terrible acquisition.

I've worked for RBC a lot longer than you have and have hundreds of K in deferred revenue from both the US and Canada platforms.  RBC had a solid beat this quarter, in part based on the HSBC acquisition - which most analysts laud - so what's your basis again?  or are you just reading the tea leaves of your upcoming year-end review in advance?

 
SageKellyjr

Its not because they overpaid it was a bad deal... You clearly haven't talked to the right people

not sure who the 'right people' are - apparently the bank research analysts aren't - but I'm a pretty simple guy and I've seen my RY stock beat the S&P by a double-digit percentage over the last year and YTD so that works for me.

 
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harvard --> gs --> blackatone --> rbc as you see not many accomplish to do the jump from BX to RBC, so assume that 70% of BX guys failed to move to rbc

incentives trumph ethics
 

Coming out of school I had various compelling full-time offers on the table, including but not limited to 1) crown prince of middle eastern nation, 2) NFL player, and 3) investment banking analyst at RBC. It was a hard decision but at the end of the day joining RBC as it built out its Elite Bulge Bracket Boutique (“EBBB”) strategy was too good to pass up. After 2 weeks on the desk I can confidently say I made the right decision. I’ve already been staffed on a $50-100M (you read that right, it’s 50-100 *million*) sellside where I handle all investor outreach call scheduling, and I’ve had the chance to open checking accounts and credit cards at comparable prestigious bulge brackets including JP Morgan Chase and Goldman Sachs Apple Card. It feels good to be a winner. 

 
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