Economic Backdrop and Financial Performance Objectives
Client assets and activity: Momentum in market sensitive businesses
Canadian Banking average gross
loans and acceptances ($ billions)
Canadian Banking average
deposits ($ billions)
City National (CNB) average
loans and deposits (US$ billions)
7%
2-YR CAGR(1)
6%
YOY
605
573
528
519
128
112
97
431
461
8%
2-YR CAGR
9%
YOY
8%
2-YR CAGR
Flat
YOY
609
558
271
253
252
56
338
477
268
$77BN growth over 2 years
306
$90BN growth over 2 years
83
76
75
65
65
US$9BN loan growth over 2 years
Q1/2022
Q1/2023
■ Retail ■ Wholesale (2)
Q1/2024
Wealth Management (non-U.S.)
AUA (34) and AUM (3) (4) ($ billions)
Q1/2022
Q1/2023
■ Personal ■ Business
Q1/2024
U.S. Wealth Management (incl. CNB)
AUA (4) and AUM (4) (US$ billions)
Q1/2022
Q1/2023
Q1/2024
■Loans
■ Deposits
Capital Markets loans and market
share ($ billions; %) (5) (6)
13%
2-YR CAGR
10%
YOY
879
817
783
796
561
725
628
3%
2-YR CAGR
12%
YOY
+2%
YOY
LTM (7) GIB (8)
league ranking
10th
9th
598
536
120
122
2.1%
1.8%
$168BN AUA growth and $38BN in
AUA net flows over 2 years
$96BN AUM growth over 2 years
Q1/2022
Q1/2023
Q1/2024
■ AUA ■ AUM
US$16BN of AUA net flows over 2 years
181
Q1/2022
170
195
Q1/2023
Q1/2024
■ AUA
■ AUM
Average Loans
Outstanding
LTM market
share
Advisory & Origination
Market Share
■ Q1/2023 ■ Q1/2024
(1) Compound Annual Growth Rate. (2) Wholesale includes small business. (3) Refer to Glossary on slides 58-59 for explanation of composition of these measures. AUA and AUM reflect the inclusion of $79.8BN and $72.4BN,
respectively, related to the acquisition of RBC Brewin Dolphin, which closed on September 27, 2022. Excludes IS. (4) Spot balances. (5) Dealogic market share for Equity Capital Markets (ECM), Debt Capital Markets (DCM), loan
syndications, and Advisory. (6) Average loans outstanding includes wholesale loans, acceptances, and off balance sheet letters of credit and guarantees for our Capital Markets portfolio, on a single name basis. Excludes mortgage
investments, securitized mortgages and other non-core items. (7) Last twelve months (LTM). (8) Global Investment Banking (GIB).
11 ABOUT RBC
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