Royal Bank of Canada topped profit estimates as strength in capital markets lifted results, mirrored by TD and CIBC. The outperformance highlights revenue upside from trading and underwriting activities, suggesting limited downside from consumer banking volatility. If capital-market momentum sustains, RBC could see near-term share-price upside and broader multiple expansion.
RBC Bearings Inc reported strong first-quarter earnings of $3.62, exceeding analyst expectations. The company also achieved quarterly sales of $518 million, outperforming consensus estimates, which could support its stock price despite broader market declines.