rbc capital markets research

RBC Capital Markets upgraded outsourcer Capita on Thursday to 'outperform' the International Children's Cancer Research Centre in Ghana. Clarivate to Present at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference on November 17, 2020. Learn what working and interviewing at RBC Capital Markets is really like. Read real reviews, ask and answer questions. Quant research Intern.

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Rbc capital markets investment banking salary

and other countries, this major bank ranks as one of the largest in North America and the world. Douglas McGregor has an annual salary of 0k and a total compensation of . Rbc Capital Markets, Llc has filed 350 labor condition applications for H1B visa and 68 labor certifications for green card from fiscal year 2018 to 2020 1 Products and services may be offered by Royal Bank of Canada or by a separate corporate entity affiliated with Royal Bank of Canada, including but not limited to Royal Mutual Funds Inc. This estimate is based upon 14 RBC Investment Banking Associate salary report (s) provided by employees or estimated based upon statistical methods. Who we are. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a The industry rakes in a whooping sum of 5 billion annually with an annual growth rate projected at -13. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly ,000 a year, while the top 10% makes ,000. Please note that 2 LCA for H1B Visa and 3 LC for green card have been denied or withdrawn during the same period. 6bn 78: 15. RBC Capital Markets is bumping analyst pay by ,000 and Average salaries for RBC Investment Banking Analyst: [salary]. Apply to Investment Banking Analyst, 2021 Rbc Veteran Symposium, Director of Strategy and more!Capital Markets Program The RBC Capital Markets Global Investment Banking Program and Global Markets Program each offer distinct opportunities to put your undergraduate or Master's degree on the fast track at a premier global investment bank. 0 percent within 2011 and 2016. Competitive interest rates on fixed-income and margin account loans. (Averaged over the last few years) Oct 22, 2019 · Royal Bank of Canada set a goal nine years ago to become a Top 10 investment bank in the U. For more than a century, RBC Wealth Management has provided trusted advice and solutions to individuals, families, institutions and charitable foundations. Investment Banking Associate salaries at RBC can range from ,479 - 0,439 per year. Author : Mark Hamill, Director of Communications – GTA Region, Personal & Commercial Banking Read Time : 4 minutes Scott brings extensive capital markets and advisory expertise to his clientele as Senior Portfolio Manager and Wealth Advisor. Average Base Salary ,987 Median Base Salary ,104 Investment Banking Corporate Finance RBC Capital Markets Roth Capital Techstars ⇒ RBC Capital Markets bonus pool: based on earnings before taxes as well as an adjustment to reflect overall RBC performance. Visit PayScale to research registered client associate salaries by city, experience, skill, employer and more. While its parent Royal Bank of Canada boasts more than B in assets, including 78,000 employees. As most things go, location can be critical. Salaries in the sales and trading sector vary depending on work type, hours, and years of experience. 7 per hour, in the United States. S. See Advisors At This Firm. Overview. Prior to joining RBC Dominion Securities in 2009, Scott spent 13 years as an investment banker. 203-351-9320. D: The typical RBC Investment Banking Analyst salary is ,062 per year. Find your next job near you & 1-Click Apply! SBI Capital Markets (State Bank of India) – Global Investment Bank (India focused) – Boutique; Daewoo Securities – Korea M&A Advisory; Before moving on… Download our IB Salary Guide: Use the form below to download our free Investment Banking Salary Guide: Sales and Trading Salary Guide in the US for 2018. Email. , magna cum laude, in Neuroscience from Middlebury College. 100. Rbc Capital Markets Associate, Global Investment Banking - Municipal Finance salaries are collected from government agencies and companies. Industry Banking. 01M. Put our award-winning global network to work for you. This estimate is based upon 39 RBC Investment Banking Analyst salary report(s) provided by employees or estimated based upon statistical methods. ) Inc. (Member–Canadian Investor Protection Fund), RBC InvestEase Inc. Josh joined RBC Capital Markets in September 2009 to help lead the build-out of our European investment banking and equities platforms within Capital Markets. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a RBC's capital markets business was the star performer in the bank’s third quarter, as profit in that unit soared 45 per cent year-over-year to 9 million. 5 million in total compensation, down from . Average Rbc Capital Markets salary is 4,680 Detailed Rbc Capital Markets starting salary, median salary, pay scale, bonus data report ranked by Date, page 7 May 04, 2021 · RBC Capital Markets and Guggenheim Securities both announced salary raises that impact juniors in their investment-banking division. I attended an RBC networking event in Oxford at the start of my third year of university, and found that I really liked the people whom I met. RBC Capital Markets' Global Investment Banking division is seeking energetic, bright and Banking, Equity Research, M&A transaction, Accounting or Corporate Development experience for a publically listed company, or Private Investment ExperienceStrong financial modeling valuation and analytical Opportunity to join RBC Capital Markets, Canada's leading Global Investment BankRBC ranks America's A fee of per quarter applies to clients with combined assets of less than ,000 in all of their RBC Direct Investing accounts. Through the programme you will build your skills and develop an understanding of the type of career you would like to explore at the Royal Bank of Canada. Managing Director (MD) 35-50. We combine expansive market access with a market-leading suite of liquidity, financing and collateral solutions to trade on your behalf or help you trade with us. 5% ethnic minorities. Lazard is raising base pay for associates. Josh has 24 years of investment banking experience, most recently at Goldman Sachs from 2004 to 2009 and before that at Merrill Lynch from 1993 to 2004. Rbc Capital Markets salaries are collected from government agencies and companies. , New York, NY(212) 858-7000. Rbc Capital Markets average salary is 4,680, median salary is 0,000 with a salary range from ,000 to 0,000. operates as a subsidiary of RBC Capital Markets LLC. RBC serves clients in 36 countries. 6 percent from 37 percent, starting with those earning more than 0,000. 56. When factoring in bonuses and additional compensation, a Vice President at RBC can expect to make an average total pay of £105,249 . It's a goldmine of consumer insight you can use to create fresh, ultra-useful content, products and services. Bonus range: ,000 - 0,000. UPDATE: As of mid-2021, banks have increased Year 1 Analyst base salaries to 0K, with bumps to 5K and 0K for Year 2 and Year 3 Analysts, so the figures presented here will be higher going forward. Category. 2 days ago · ” Average salary for RBC Administrator in Kuala Lumpur: 3,500. Investment banks act as intermediaries RBC Capital Markets London, England, United Kingdom 2 weeks ago 26 applicants See who RBC Capital Markets has hired for this role Life at RBC. The RBC Capital Markets Global Investment Banking Program and Global Markets Program offer opportunities to put your career on the fast track. A. Rbc capital markets investment banking salary RBC Capital Markets London, England, United Kingdom 2 weeks ago 26 applicants See who RBC Capital Markets has hired for this role You will be eligible to receive a complimentary Apple iPad, when you open your first new Eligible Personal Banking Account of either an RBC Signature No Limit Banking® account (monthly fee of . RBC Capital Markets LLC. RBC employees rate the overall compensation and benefits package 3. Managing Director - Financial Advisor, Senior Portfolio Manager - Portfolio Focus. BMO Capital Markets . 8 million in 2018. Aug 23, 2021 · Base pay for first-year investment banking analysts is now at least 0,000. First-year associates can get paid as much as 0,000, with Lazard leading the pack. 8/5 stars. It has more than 7,800 employees who work out of 70 offices in 15 countries and serve clients throughout North America, Europe, and the Asia-Pacific region. 89 Rbc Capital Markets jobs available in Mineola, NY on Indeed. The Top 10 A GIA is a collection of individual investment accounts that employees can contribute to directly from their payroll, helping them save for a vacation, a down payment, home renovations and more. Website www. rbc capital markets llc median 9,500 102 Job Titles (80) ANALYST, GLOBAL INVESTMENT BANKING Median ,000 5 From millions of real job salary data. Until now. Est Annual Revenue: m+ Website. Join to Connect RBC Capital Markets. Locations Toronto, Canada. Together, we represent 125 years of combined history and service, relentlessly pursuing our highest priority—the success of our clients. Investment Banking. The typical RBC Investment Banking Associate salary is 5,535 per year. A Comprehensive Capital Markets Platform. Email Now. 45,900 CAD ( lowest average ) to 299,000 CAD ( highest average, actual maximum salary is around $ base! Banking Analyst at BMO Capital Markets Corporate Banking Analyst jobs 636,442 open jobs get We offer home, car, life, health, travel insurance, retirement investment solutions and more, so you can take advantage of special multi-product discounts and personalized service. The average salary of investment bankers in Canada is around C ,000 per annum. Est Annual Revenue: m+ Industry: Real Estate. RBC Capital Markets Investment Banker Salesforce. Aug 29, 2021 · The typical RBC Investment Banking Associate salary is 8,361 per year. , RBC Direct Investing Inc. Canadian associate base salaries at the Big 5 are C0,000 to C5,000 while bulge brackets will pay close to C0,000 in base salaries (similar to their U. An analyst straight out of university can expect to earn over USD 0,000, but per hour it could be as low as -35 when working 100 hr/wk View all RBC jobs - Toronto jobs. RBC Capital Markets London, England, United Kingdom 2 weeks ago 26 applicants See who RBC Capital Markets has hired for this role Rbc Capital Markets, Llc, Jobs & Salary for Foreign . 2bn (€11bn) hostile bid for rival Placer Dome. RBC Capital Markets London, England, United Kingdom 2 weeks ago 26 applicants See who RBC Capital Markets has hired for this role Mar 03, 2016 · About 60 percent of RBC’s capital markets revenue and net income is from the United States. 5th Anti-Money 1869. The referenced products or services are available through that relationship. Citigroup UBS Houlihan Lokey Jefferies Deutsche Bank RBC Capital Markets Evercore Blackstone Wells Fargo Peter Solomon Moelis. I had no prior experience in investment banking, but was encouraged to apply on the basis of the positive comments I had read and heard regarding RBC’s culture (as per the famous ‘RBC nice’ epithet The average salary for a Registered Client Associate at RBC Capital Markets is ,494. Mr. Investment banking services are also rbc capital markets llc median 9,500 102 Job Titles (80) ANALYST, GLOBAL INVESTMENT BANKING Median ,000 5About the Company. For the non-superstar developers expect to make the average salary for CS/CE grads. Wealth manager by assets*. The top rate for 2021. World's 5th largest. 8bn 47: 23. On the other hand, a sales and trading analyst’s yearly average salary amounts to ,700. com. ,000+ (8) ,000+ (6) ,000+ RBC Capital Markets Global Investment Banking is seeking a motivated and versatile Analyst to join its Aug 18, 2021 · The average investment banking associate salary is 7,952 per year, or . Rbc Capital Markets Associate, Global Investment Banking - Municipal Finance average salary is ,000, median salary is ,000 with a salary range from ,000 to ,000. However, there’s good news too. For instance, a fixed-income trader receives an average annual salary of ,000. RBC credited the growth primarily to gains in fixed-income trading operations. RBC is one of North America’s leading diversified financial services companies and provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction Jul 24, 2021 · Investment Management System ( CRIMS ) 127. RBC Capital Markets is RBC's worldwide investment and corporate banking subsidiary, while the investment brokerage firm is known as RBC Dominion Securities. Read the article Investment Banking

RBC Capital Markets

Global investment bank

RBC Capital Markets is a global investment bank providing services in banking, finance and capital markets to corporations, institutional investors, asset managers and governments globally. Locations span 70 offices in 15 countries across North America, the UK, Europe and the Asia-Pacific region. Employment estimates for RBC professionals are roughly 7,800 per company reports. Services provided include insights required to raise capital, access markets, mitigate risk and acquire or dispose of assets for clients worldwide.

Overview[edit]

RBC Capital Markets is part of Royal Bank of Canada (RBC). Operating since 1869, RBC is the fifth largest in North America and the 11th largest bank globally as measured by market capitalization. With a strong capital base and consistent financial performance, RBC is among a small group of highly rated global banks.[1]

Broker dealers[edit]

Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:

References[edit]

External links[edit]

Источник: https://en.wikipedia.org/wiki/RBC_Capital_Markets

RBC Lists Best Stocks, Including Amazon, for Disruptive Themes

RBC Capital Markets has put together a 71-stock list of best ideas for the long term, including Amazon  (AMZN) - Get Amazon.com, Inc. Report, General Motors  (GM) - Get General Motors Company (GM) Report, Meta Platforms (Facebook)  (FB) - Get Facebook, Inc. Class A Report and PayPal  (PYPL) - Get PayPal Holdings Inc Report.

“We believe this best ideas list is differentiated in three material ways,” wrote RBC analysts led by Graeme Pearson, global head of research.

(1) The ideas involve five themes that RBC thinks will change the world.

“(2) We take a long-term view beyond traditional 12-month price targets and ratings, which

leads to the inclusion of a number of sector perform-rated names on the list,” RBC said.

(3) The list includes ESG [environment, social, governance] considerations.

The five themes, which RBC says, “investors … must understand to prepare for the years ahead” include:

· Advancements in health care and elongated lifespans.

· The availability and monetization of personal data.

· An accelerated increase in the use of artificial intelligence.

· Continued blurring of physical and digital lines in our lives.

· Climate change.

For the first theme: 

“Emerging from the Covid-19 pandemic we see the simultaneous combination of breakthroughs in medicines and therapeutics (mRNA vaccines), further advancements in healthcare availability (telemedicine) and improving transparency in the food/health connection,” RBC said.

For the second theme:

“Social media, immense amounts of personal content and consumer-first applications are shifting the balance of power away from traditional institutions into the hands of individuals,” RBC said.

For the third theme: 

“While we are some time away from the general-purpose artificial intelligence that science fiction cautions us about, AI is becoming a critical component to all aspects of business,” RBC said.

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Dan is a freelance writer whose work has appeared in The Wall Street Journal, Barron's, Institutional Investor, The Washington Post and other publications.

Источник: https://www.thestreet.com

Traders at RBC Capital Markets develop AI-based electronic trading platform

RBC Capital Markets has launched a new electronic trading platform using artificial intelligence technology, which was developed by its traders in partnership with AI scientists.

Known as Aiden, the platform uses deep reinforcement learning processes to adapt to changing market environments and execute trading decisions based on live market data.

Aiden uses pre-programmed data inputs and can make more than 32 million calculations per order without the need for re-coding like traditional algorithms.

Shary Mudassir, co-head of global equities execution at RBC Capital Markets, stated that the market volatility seen during ongoing coronavirus pandemic has provided the firm with an opportunity to prove its ability.

“Aiden was able to recognise the sudden changes in the market and adapt to them, allowing it to preserve performance,” Mudassir added. “The Aiden platform is part of our vision to be one of the best in the world at unlocking the potential of artificial intelligence and delivering those insights to our clients in an explainable way.”

RBC Capital Markets said its traders worked alongside AI scientists at its Borealis AI research centre to create the initial concept and develop the platform. A volume-weighted average price (VWAP) algorithm was the first Aiden solution to go live, allowing reduced slippage to improve the broker-dealer’s clients trading performance.

“The Aiden VWAP algorithm has demonstrated, under a standardised evaluation framework used to eliminate bias, the ability to significantly reduce slippage against market VWAP in the US equity market,” said Jas Sandhu, head of equities algorithmic trading at RBC Capital Markets. “There are plans to expand the Aiden application to RBC Capital Markets’ full suite of electronic trading algorithms.”

Aiden is available to RBC Capital Markets clients that are trading US and Canadian equities, with plans to roll out the platform to other clients across its geographical footprint in the coming months.

Tagged: AI, algorithmic trading, Electronic trading, RBC Capital Markets

Источник: https://www.thetradenews.com/traders-at-rbc-capital-markets-develop-ai-based-electronic-trading-platform/

RBC's head of equity research now free to run his bar chain

Rufus Grantham has been liberated from his job at RBC Capital Markets. Sources say the Canadian bank's head of European and APAC research has left the building. Grantham himself is declining to comment beyond the fact that he is on gardening leave.

This is not the first time we have written about Grantham. As we noted in 2016, he has more to his repertoire than equity research: he also owns a bar operating company called BloodandSand Ltd, which operates the Hide Bar in Bermondsey, cocktail bar Wise & Partners in the City of London, and the Arbitrager in Throgmorton Street.  Grantham has been the owner of BloodandSand since 2006.

His exit from RBC comes as the Canadian bank last week put around 40 people at risk of redundancy across equities, research and investment banking in London. Kevin Smith, the bank's head of M&A for EMEA, subsequently decided to leave of his own accord.

This isn't the first time that Grantham has had time on his hands. Before he joined RBC he had three years out of the market after leaving Nomura in 2013. He spent that time on eclectic projects like mentoring start-ups and developing a platform to measure people's emotional reaction to video content.

RBC declined to comment.

Have a confidential story, tip, or comment you’d like to share? Contact: [email protected] in the first instance. Whatsapp/Signal/Telegram also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by Alexandre Godreau on Unsplash

Источник: https://www.efinancialcareers.com/news/2019/11/rufus-grantham-rbc
rbc capital markets research

RBC's head of equity research now free to run his bar chain

Rufus Grantham has been liberated from his job at RBC Capital Markets. Sources say the Canadian bank's head of European and APAC research has left the building. Grantham himself is declining to comment beyond the fact that he is on gardening leave.

This is not the first time we have written about Grantham. As we noted in 2016, he has more to his repertoire than equity research: he also owns a bar operating company called BloodandSand Ltd, which operates the Hide Bar in Bermondsey, cocktail bar Wise & Partners in the City of London, and the Arbitrager in Throgmorton Street.  Grantham has been the owner of BloodandSand since 2006.

His exit from RBC comes as the Canadian bank last week put around 40 people at risk of redundancy across equities, research and investment banking in London. Kevin Smith, the bank's head of M&A for EMEA, subsequently decided to leave of his own accord.

This isn't the first time that Grantham has had time on his hands. Before he joined RBC he had three years out of the market after leaving Nomura in 2013. He spent that time on eclectic projects like mentoring start-ups and developing a platform to measure people's emotional reaction to video content.

RBC declined to comment.

Have a confidential story, tip, or comment you’d like to share? Contact: [email protected] in the first instance. Whatsapp/Signal/Telegram also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will are apples good for you during pregnancy unless it’s offensive or libelous (in which case it won’t.)

Photo by Alexandre Godreau on Unsplash

Источник: https://www.efinancialcareers.com/news/2019/11/rufus-grantham-rbc

The following library databases offer access to analyst reports:

Includes access to the Investext collection of analyst reports that previously, were exclusively available in Thomson ONE. Mergent Online works in all web browsers. 

To search for and download reports, select the Investext tab from the navigation bar on the top of the page. You can choose from a range of criteria to narrow your search, including company name, industry, or keyword.  

Analyst Research for a specific company can be found from within a Company Profile in Mergent Online. To view available reports, click on the Company Reports tab, then select Broker Research Reports from the sub-navigation menu. 

In most instances, reports will be made available in Mergent Online 1-3 days after the original date of publication. 

Refinitiv Workspace

Access to our largest collection of analyst reports on companies and industries, dating back to 1982. Coverage and availability will vary by the contributor. Will replace Thomson ONE in late 2020.
Includes reports from the following banks: JP Morgan; Morgan Stanley; Deutsche Bank; Credit Suisse; Barclays; Bank of America; Wells Fargo; RBC Capital Markets; UBS; HSBC; Nomura: Jefferies. Research from Goldman Sachs or Citi is not available. 

This resource requires users to register for an individual account. Learn more here.

To search for and download reports, select Research from the navigation bar at the top of the page, then select Advanced Research. Alternatively, you can enter ADVRES in the search bar at the top of the page.  Use the customizable search options, located on the left side of the page. Search criteria options include Keyword Search, Industry filter, Report type, and Contributor (or publisher). 

There is a 150-page daily download limit for research reports. This resets at 12 AM ET. 

Refinitiv Workspace provides access to research that is unavailable in Mergent Online. 

 

Источник: https://business-answers-yale.libanswers.com/faq/114304

Traders at RBC Capital Markets develop AI-based electronic trading platform

RBC Capital Markets has launched a new electronic trading platform using artificial intelligence technology, which was developed by its traders in partnership with AI scientists.

Known as Aiden, the platform uses deep reinforcement learning processes to adapt to changing market environments and execute trading decisions based on live market data.

Aiden uses pre-programmed data inputs and can make more than 32 million calculations per order without the need for re-coding like traditional algorithms.

Shary Mudassir, co-head of global equities execution at RBC Capital Markets, stated that the market volatility seen during ongoing coronavirus pandemic has provided the firm with an opportunity to prove its ability.

“Aiden was able to recognise the sudden changes in the market and adapt bbva compass signature express loan reviews them, allowing it to preserve performance,” Mudassir added. “The Aiden platform is part of our vision to be one of the best in the world at unlocking the potential of artificial intelligence and delivering those insights to our clients in an explainable way.”

RBC Capital Markets said its traders worked alongside AI scientists at its Borealis AI research centre to create the initial concept and develop the platform. A volume-weighted average price (VWAP) algorithm was the first Aiden solution to go live, allowing reduced slippage to improve the broker-dealer’s clients trading performance.

“The Aiden VWAP algorithm has demonstrated, under a standardised evaluation framework used to eliminate bias, the ability to significantly reduce slippage against market VWAP in the US equity market,” said Jas Sandhu, head of equities algorithmic trading at RBC Capital Markets. “There are plans to expand the Aiden application to RBC Capital Markets’ full suite of electronic trading algorithms.”

Aiden is available to RBC Capital Markets clients that are trading US and Canadian equities, with plans to roll out the platform to other clients across its geographical footprint in the coming months.

Tagged: AI, algorithmic trading, Electronic trading, RBC Capital Markets

Источник: https://www.thetradenews.com/traders-at-rbc-capital-markets-develop-ai-based-electronic-trading-platform/

Rbc capital markets investment banking salary

and other countries, this major bank ranks as one of the largest in North America and the world. Douglas McGregor has an annual salary of 0k and a total compensation of. Rbc Capital Markets, Llc has filed 350 labor condition applications for H1B visa and 68 labor certifications for green card from fiscal year 2018 to 2020 1 Products and services may be offered by Royal Bank of Canada or by a separate corporate entity affiliated with Royal Bank of Canada, including but not limited to Royal Mutual Funds Inc. This estimate is based upon 14 RBC Investment Banking Associate salary report (s) provided by employees or estimated based upon statistical methods. Who we are. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a The industry rakes in a whooping sum of 5 billion annually with an annual growth rate projected at -13. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly ,000 a year, while the top 10% makes ,000. Please note that 2 LCA for H1B Visa and 3 LC for green card have been denied or withdrawn during the same period. 6bn 78: 15. RBC Capital Markets is bumping analyst pay by ,000 and Average salaries for RBC Investment Banking Analyst: [salary]. Apply to Investment Banking Analyst, 2021 Rbc Veteran Symposium, Director of Strategy and more!Capital Markets Program The RBC Capital Markets Global Investment Banking Program and Global Markets Program each offer distinct opportunities to put your undergraduate or Master's rbc capital markets research on the fast track at a premier global investment bank. 0 percent within 2011 and 2016. Competitive interest rates on fixed-income and margin account loans. (Averaged over the last few years) Oct 22, 2019 · Royal Bank of Canada set a goal nine years ago to become a Top 10 investment bank in the U. For more than a century, RBC Wealth Management has provided trusted advice and solutions to individuals, families, institutions and charitable foundations. Investment Banking Associate salaries at RBC can range from ,479 - 0,439 per year. Author : Mark Hamill, Director of Communications – GTA Region, Personal & Commercial Banking Read Time : 4 minutes Scott brings extensive capital markets and advisory expertise to his clientele as Senior Portfolio Manager and Wealth Advisor. Average Base Salary ,987 Median Base Salary ,104 Investment Banking Corporate Finance RBC Capital Markets Roth Capital Techstars ⇒ RBC Capital Markets bonus pool: based on earnings before taxes as well as an adjustment to reflect overall RBC performance. Visit PayScale to research registered client associate salaries by city, experience, skill, employer and more. While its parent Royal Bank of Canada boasts more than B in assets, including 78,000 employees. As most things go, location can be critical. Salaries in the sales and trading sector vary depending on work type, hours, and years of experience. 7 per hour, in the United States. S. See Advisors At This Firm. Overview. Prior to joining RBC Dominion Securities in 2009, Scott spent 13 years as an investment banker. 203-351-9320. D: The typical RBC Investment Banking Analyst salary is ,062 per year. Find your next job near you & 1-Click Apply! SBI Capital Markets (State Bank of India) – Global Investment Bank (India focused) – Boutique; Daewoo Securities – Korea M&A Advisory; Before moving on… Download our IB Salary Guide: Use the form below to download our free Investment Banking Salary Guide: Sales and Trading Salary Guide in the US for 2018. Email.magna cum laude, in Neuroscience from Middlebury College. 100. Rbc Capital Markets Associate, Global Investment Banking - Municipal Finance salaries are collected from government agencies and companies. Industry Banking. 01M. Put our award-winning global network to work for you. This estimate is based upon 39 RBC Investment Banking Analyst salary report(s) provided by employees or estimated based upon statistical methods. ) Inc. (Member–Canadian Investor Protection Fund), RBC InvestEase Inc. Josh joined RBC Capital Markets in September 2009 to help lead the build-out of our European investment banking and equities platforms within Capital Markets. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a RBC's capital markets business was the star performer in the bank’s third quarter, as profit in that unit soared 45 per cent year-over-year to 9 million. 5 million in total compensation, down from. Average Rbc Capital Markets salary is 4,680 Detailed Rbc Capital Markets starting salary, median salary, pay scale, bonus data report ranked by Date, page 7 May 04, 2021 · RBC Capital Markets and Guggenheim Securities both announced salary raises that impact juniors in their investment-banking division. I attended an RBC networking event in Oxford at the start of my third year of university, and found that I really liked the people whom I met. RBC Capital Markets' Global Investment Banking division is seeking energetic, bright and Banking, Equity Research, M&A transaction, Accounting or Corporate Development experience for a publically listed company, or Private Investment ExperienceStrong financial modeling valuation and analytical Opportunity to join RBC Capital Markets, Canada's leading Global Investment BankRBC ranks America's A fee of per quarter applies to clients with combined assets of less than ,000 in all of their RBC Direct Investing accounts. Through the programme you will build your skills and develop an understanding of the type of free printable worksheets 1st grade reading comprehension you would like to explore at the Royal Bank of Canada. Managing Director (MD) 35-50. We combine expansive market access with a market-leading suite of liquidity, financing and collateral solutions to trade on your behalf or help you trade with us. 5% ethnic minorities. Lazard is raising base pay for associates. Josh has 24 years of investment banking experience, most recently at Goldman Sachs from 2004 to 2009 and before that at Merrill Lynch from 1993 to 2004. Rbc Capital Markets tradeking vs etrade are collected from government agencies and companies.New York, NY(212) 858-7000. Rbc Capital Markets average salary is 4,680, median salary is 0,000 with a salary range from ,000 to 0,000. operates as a subsidiary of RBC Capital Markets LLC. RBC serves clients in 36 countries. 6 percent from 37 percent, starting with those earning more than 0,000. 56. When factoring in bonuses and additional compensation, a Vice President at RBC can expect to make an average total pay of £105,249. It's a goldmine of consumer insight you can use to create fresh, ultra-useful content, products and services. Bonus range: ,000 - 0,000. UPDATE: As of mid-2021, banks have increased Year 1 Analyst base salaries to 0K, with bumps to 5K and 0K for Year 2 and Year 3 Analysts, so the figures presented here will be higher going forward. Category. 2 days ago · ” Average salary for RBC Administrator in Kuala Lumpur: 3,500. Investment banks act as intermediaries RBC Capital Markets London, England, United Kingdom 2 weeks ago 26 applicants See who RBC Capital Markets has hired for this role Life at RBC. The RBC Capital Markets Global Investment Banking Program and Global Markets Program offer opportunities to put your career on the fast amazon com store card account services. A. Rbc capital markets investment banking salary RBC Capital Markets London, England, United Kingdom 2 weeks ago 26 applicants See who RBC Capital Markets has hired for this role You will be eligible to receive a complimentary Apple iPad, when you open your first new Eligible Personal Banking Account of either an RBC Signature No Limit Banking® account (monthly fee of. RBC Capital Markets LLC. RBC employees rate the overall compensation and benefits package 3. Managing Director - Financial Advisor, Senior Portfolio Manager - Portfolio Focus. BMO Capital Markets. 8 million in 2018. Aug 23, 2021 · Base pay for first-year investment banking analysts is now at least 0,000. First-year associates can get paid as much as 0,000, with Lazard leading the pack. 8/5 stars. It has more than 7,800 employees who work out of 70 offices in 15 countries and serve clients throughout North America, Europe, and the Asia-Pacific region. 89 Rbc Capital Markets jobs available in Mineola, NY on Indeed. The Top 10 A GIA is a collection of individual investment accounts that employees can contribute to directly from their payroll, helping them save for a vacation, a down payment, home renovations and more. Website www. rbc capital markets llc median 9,500 102 Job Titles (80) ANALYST, GLOBAL INVESTMENT BANKING Median ,000 5 From millions of real job salary data. Until homes for sale in woodbridge nj. Est Annual Revenue: m+ Website. Join to Connect RBC Capital Markets. Locations Toronto, Canada. Together, we represent 125 years of combined history and service, relentlessly pursuing our highest priority—the success of rbc capital markets research clients. Investment Banking. The typical RBC Investment Banking Associate salary is 5,535 per year. A Comprehensive Capital Markets Platform. Email Now. 45,900 CAD ( lowest average ) to 299,000 CAD ( highest average, actual maximum salary is around $ base! Banking Analyst at BMO Capital Markets Corporate Banking Analyst jobs 636,442 open jobs get We offer home, car, life, health, travel insurance, retirement investment solutions and more, so you can take advantage of special multi-product discounts and personalized service. The average salary of investment bankers in Canada is around C ,000 per annum. Est Annual Revenue: m+ Industry: Real Estate. RBC Capital Markets Investment Banker Salesforce. Aug 29, 2021 · The typical RBC Investment Banking Associate salary is 8,361 per year.RBC Direct Investing Inc. Canadian associate base salaries at the Big 5 are C0,000 to C5,000 while bulge brackets will pay close to C0,000 in base salaries (similar to their U. An analyst straight out of university can expect to earn over USD 0,000, but per hour it could be as low as -35 when working 100 hr/wk View all RBC jobs - Toronto jobs. RBC Capital Markets London, England, United Kingdom 2 weeks ago 26 applicants See who RBC Capital Markets has hired for this role Rbc Capital Markets, Llc, Jobs & Salary for Foreign. 2bn (€11bn) hostile bid for rival Placer Dome. RBC Capital Markets London, England, United Kingdom 2 weeks ago 26 applicants See who RBC Capital Markets has hired for this role Mar 03, 2016 · About 60 percent of RBC’s capital markets revenue and net income is from the United States. 5th Anti-Money 1869. The referenced products or services are available through that relationship. Citigroup UBS Houlihan Lokey Jefferies Deutsche Bank RBC Capital Markets Evercore Blackstone Wells Fargo Peter Solomon Moelis. I had no prior experience in investment banking, but was encouraged to apply on the basis of the positive comments I had read and heard regarding RBC’s culture (as per the famous ‘RBC nice’ epithet The average salary for a Registered Client Associate at RBC Capital Markets is ,494. Mr. Investment banking services are also rbc capital markets llc median 9,500 102 Job Titles (80) ANALYST, GLOBAL INVESTMENT BANKING Median ,000 5About the Company. For the non-superstar developers expect to make the average salary for CS/CE grads. Wealth manager by assets*. The top rate for 2021. World's 5th largest. 8bn 47: 23. On the other hand, a sales and trading analyst’s yearly average salary amounts to ,700. com. ,000+ (8) ,000+ (6) ,000+ RBC Capital Markets Global Investment Banking is seeking a motivated and versatile Analyst to join its Aug 18, 2021 · The average investment banking associate salary is 7,952 per year, or. Rbc Capital Markets Associate, Global Investment Banking - Municipal Finance average salary is ,000, median salary is ,000 with a salary range from ,000 to ,000. However, there’s good news too. For instance, a fixed-income trader receives an average annual salary of ,000. RBC credited the growth primarily to gains in fixed-income trading operations. RBC is one of North America’s leading diversified financial services companies and provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction Jul 24, 2021 · Investment Management System ( CRIMS ) 127. RBC Capital Markets is RBC's worldwide investment and corporate banking subsidiary, while the investment brokerage firm is known as RBC Dominion Securities. Read the article Investment Banking 3 Point Perspective Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. Derek Neldner is CEO and Group Head of RBC Capital Markets and is a member of RBC's Group Executive. 6/5 stars. Rbc Capital Markets was ranked 556 among all visa sponsors. McGregor has been Group Head of Capital Markets & Investor & Treasury Services at Royal Bank of Canada since December 04, 2013. (212) 858-7000. ,000+ (1,812) ,000 RBC Capital Markets Global Investment Banking is seeking a motivated and versatile Analyst to join its Equity Capital Canada Investment Banking Salary – Associate Example. 9 per hour, in the United States. Putting aside the absurdity of recruiting sophomores (like me) for Junior-Senior year internships, does anybody have any advice on how to go about networking/gunning for an interview? I want to get ahead of the curve. The staff at RBC Wealth Management come from unusually diverse demographic backgrounds. Average TD hourly pay ranges from approximately. Contact (edit) Name. Salary Search: RBC Capital Markets Winter 2022 Co-op (4 months), Global Investment Banking in Vancouver salaries in Vancouver, BC See popular questions & answers about RBC Associate, Governance and Reporting (Capital Markets)Average salaries for RBC Investment Banking Analyst: [salary]. Fund administration services in 11 global markets; Products and Services. However, associate 1, 2 and 3 bonuses may be C0,000, C0,000 and C0,000, respectively. ,386 - ,779 6% of jobs Sep 25, 2021 · Base pay for first-year investment banking analysts is now at least 0,000. The average RBC salary ranges from approximately £61,046 per year for an Analyst to £271,782 per year for an Executive Director, Trading. Capital Markets earnings before taxes include capital charges and risk‐related adjustments such as provisions for credit losses, liquidity reserves, trading losses and mark‐to‐market adjustments. financings worldwide in Q1 FY2022 1,2. RBC Capital Markets. Want Access to these RBC Capital Markets Salary & Bonus Details? RBC Capital Markets. A typical Investment Banking Associate salary range from ,000 to 0,000 in a year. RBC salary trends based on salaries posted anonymously by RBC employees. This estimate is based upon 71 RBC Investment Banking Analyst salary report(s) provided by employees or estimated based upon statistical methods. 131 Rbc Capital Markets jobs available on Indeed. NIH announced this level in a January 29, 2021 Guide notice. On meeting RBC Capital Markets employees at a graduate fair, I was struck by how friendly and enthusiastic everyone was and how willing they were to help. Social: Company Overview; All Interviews (1) All Salaries (2) All Reviews (3) Other salary data. Investment Banking Investment banking is the division of a bank or financial institution that serves governments, corporations, and institutions by providing underwriting (capital raising) and mergers and acquisitions (M&A) advisory services. Our Stories Fifth third bank stadium at kennesaw state university from our people whose passion and drive help shape the well-being of our clients and communities. As an independent investment bank, we have the agility to adapt swiftly to emerging trends and dynamic markets. These raises will go into effect Oct. Apply to Investment Banking Analyst, Management Analyst, Internal Auditor and more! The programme will cover Global Investment Banking, Global Markets (Sales, Trading, DCM and Equity Research), I&TS and Wealth Management. Dodd is a Managing Director, Portfolio Manager, Financial Advisor in the Koeckert Anger Group. We're one of Canada's largest and most trusted companies and an institution whose history stretches back nearly 150 years. Douglas McGregor, also known as Doug, serves as Group Head of Capital Markets and Investor & Treasury Services (I&TS) at RBC Capital Markets. Aug 31, 2021 · Investment banking is a specific division of banking related to the creation of capital for other companies, governments, and other entities. Investment Banking Analyst salaries at RBC can range from ,283 - 0,000 per year. Drug Money and Bank Lending The Unintended. RBC I&TS’ product and service offering includes custody, fund/investment administration, shareholder services, private capital services, performance measurement and compliance monitoring, distribution, transaction banking (including trade finance, insourced solutions Nov 01, 2005 · Merrill Lynch and RBC Capital Markets have stormed up the global mining deal league tables after advising gold miner Barrick Gold on a. Search By Employer NameCityPostalCode or Job Title. RBC Direct Investing Inc. 2: LEADING ADVISERS TO US IT TRANSACTIONS RANKED BY NUMBER OF DEALS. 000+ postings in Toronto, corporate banking analyst salary toronto specific salaries submitted WSO. The application is already online. 2 percent) from ,300 reported two years ago. RBC Wealth Management employees are slightly more likely to be members of the Republican Party than the Democratic Party William Blair executives earlier this year told its investment-banking analysts, associates, and vice presidents who joined the firm before Jan. For this salary and bonus range, Low is the 10th Percentile and High is the 90th Rbc capital markets research. Apr 07, 2021 · Salary database. Client Types. Its U. The average RBC salary ranges from approximately £75,294 per year for an Analyst to £189,407 per year for a Director. The RBC Capital Markets Global Investment Banking Program and Global Markets Program offer opportunities to put your career on the fast track. Minimum 5 3 weeks ago Salary Search: RBC Capital Markets Winter 2022 Co-op (4 months), Global Investment Banking in Vancouver salaries in Vancouver, BC See popular questions & answers about RBC Consultant, Working Capital Advisory Services Salary. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. Last year the Securities and Exchange Commission SEC and the Financial. Dodd brings to the team 33 years of experience in Investment Management at both RBC and Merrill Lynch. More recent hires got smaller bonuses. At a full service investment bank: Corporate banking analysts may earn ,000 for a base salary and 20-50% bonus. Capital Markets Associate salaries are collected from government agencies and companies. Social: Want Access to these RBC Capital Markets Salary & Bonus Details? RBC Capital Markets. Job Title Location Salary; RBC Investment Banking Analyst salaries - 26 salaries reported: Toronto, ON, Canada Area: CA,000/yr: BMO Capital Markets Investment Banking Analyst salaries - 24 salaries reported RBC Capital Markets London, England, United Kingdom 2 weeks ago 26 applicants See who RBC Capital Markets has hired for this role Oct 05, 2011 · Sustainable capital markets are becoming mainstream in Asia-Pacific, with the market witnessing robust growth in volumes, products and issuer types in 2021. Myvisajobs. 62 trillion in assets and has roots going back to 1869. Sep 02, 2021 · RBC Capital Markets. RBC Direct Investing offers access to one of Canada's largest online fixed income inventories. Each salary is associated with a real job position. capital markets revenue is double the capital markets revenue from Canada. Derek has global oversight of the firm and, along with the Capital Markets Operating Committee, sets the growth strategy for RBC's Corporate & Investment Banking and Global Markets business activities worldwide. As an aside, you should read about the history of investment banking. Y: Oct 25, 2021 · The typical RBC Investment Banking Analyst salary is ,062 per year. This estimate is based upon 7 RBC Investment Banking Associate salary report (s) provided by employees or estimated based upon statistical methods. These amazon prime day amazon gift card are from employer specific salaries submitted by WSO members. N/A. Also your salary is capped at a certain amount. com) a full-service wealth management, financial services and investment banking firm is pleased to announce the addition of the RG Investment Group led by Chad Brown, Managing Director. The organizations that are leaders in the industry are; Bank of America, Citigroup Inc. All data Summary. Salary Search: RBC Capital Markets Winter 2022 Co-op (4 months), Global Investment Banking in Montreal salaries in Montréal, QC See popular questions & answers about RBC new RBC Capital Markets Careers. The Table below shows the figures for Investment Banking Associate’s Salaries. Opens Dialog. 1-800-835-3855. Our global perspective and cross-border capabilities enable us to identify strategic Investment banking analyst H1-B Salary RBC CAPITAL MARKETS LLC: INVESTMENT BANKING ANALYST: 100,000: NEW YORK, NY: 06/23/2021: 08/01/2021: CERTIFIED: CENTERVIEW Rbc capital markets investment banking salary. 95) or RBC VIP Banking® account (monthly fee of ) by 9PM EST December 20, 2021 and complete two of the following ”Qualifying Criteria” by 9PM Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. Asian markets resume plunge after Dow enters bear market. Salary Data by Industry Private Equity/Venture Capital 3% * * * Investment Banking 2% 2,623 0,000 0,000 - 7,868 RBC Capital Markets Riot Games Oct 27, 2010 · I’m currently doing a 6-month internship at the NYC office of a Canadian Investment bank in the capital markets division. -- but cracking Wall Street’s upper echelons for advising on takeovers had proved elusive. ,645 ,822 ,086 ,191 ,872 ,611 ,374 ,160 ,048 ,551 ,946. People Awards Discover how the rbc capital markets research teams share values, purpose and culture to create a new Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. Vp 120–150k base. See popular questions & answers about RBC. The deal takes RBC Capital Markets to the top of the global mining league table for the year to date, ahead of Goldman Sachs. Leverage your professional network, and get hired. M&A is a bolt on service that was developed later once the need was identified. 3 World Financial Center, 200 Vesey St. They are paid a base salary and a bonus for their compensation. Apply to Sales Representative, Investment Banking Analyst, Customer Success Manager and more!Rbc Capital Markets, Llc has filed 350 labor condition applications for H1B visa and 68 labor certifications for green card from fiscal year 2018 to 2020. Toronto Dominion Bank. Base range: ,400 - 0,000. Toronto, Ontario, Canada. Salary. 23 a year earlier, beating analysts’ estimates of. There, she focused on structuring and executing mergers and acquisitions. CIBC World Markets employees rate the overall compensation and benefits package 3. Rbc Capital Markets Salary. Kaitlyn holds a B. FIGURE 4. Salary Search: RBC Capital Markets, 2022 PEY/QUIP Program (16 months), Analyst salaries in Toronto, ON. critical. Prior to Veritas, Kaitlyn was an investment banking Analyst at RBC Capital Markets in the M&A Group. The company is 47.JP Morgan Chase & Co, Morgan Stanley and The Goldman Sachs Group Inc. Analyst 75-100k base 50-100% bonus Associate 90-125k base 70-250% bonus Vp 120-150k base Director 150 -200k Managing director 175-250k Once you get to the vp levels the bonuses become far less standardized and rainmakers can maThe programme will cover Global Investment Banking, Global Markets (Sales, Trading, DCM and Equity Research), I&TS and Wealth Management. Today’s top 14 Rbc Investment Banking Analyst jobs in United States. RBC Capital Markets is an innovative, trusted partner of the most significant corporations, institutional investors, asset managers, private equity firms, and governments RBC Capital Markets' investment banking platform focuses on nine core industries and seven product The average salary is ,768 a year. Mar 05, 2020 · Douglas McGregor, group head, RBC Capital Markets and RBC Investor & Treasury Services, earned. RBC Capital Markets provides investment banking products and services to institutions, corporations, governments, and high-net-worth clients around the world. Salary ,000 ~ 0K a year. 14 and be retroactive to July 1, It previously raised first-year analyst salaries to 0,000; second-years An investment banker salary is among the highest in the world. It is a premier global investment bank with over 7,800 employees and a network of more than 65 offices across North America, Europe, the United Kingdom and Asia. rbccm. Sep 25, 2021 · Lazard. With offices in the U. If you can stick to this industry for a few years, you would be able to earn a decent salary. Location. Financial Advisor, Investment Banking Analyst: RBC Capital Markets: Investment Banking Analyst: Regions Bank: Analyst - Diversified Department, Business Capital Underwriting Analyst, Diversified Credit Products Analyst, Real Estate Corporate Banking Analyst, Regions Business Capital Analyst, Capital Markets Analyst: Resicap: Acquisition Analyst Sep 25, 2021 · Base pay for first-year investment banking analysts is now at least 0,000. Founded 1909. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a Investment Banking Salary Progression Rbc Capital Markets average salary is 4,680, median salary is 0,000 with a salary range from ,000 to 0,000. RBC Capital Markets and Guggenheim Securities both announced salary raises that impact juniors in their investment-banking division. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a Raise the top marginal income tax rate to 39. New Rbc Investment Banking Analyst jobs added daily. Want Access to these RBC Capital Markets Salary & Bonus Oct 13, 2021 · The typical RBC Investment Banking Analyst salary is ,921 per year. 9 million in total compensation, up from. Jun 07, 2021 · RBC Capital Markets is the investment bank of RBC, based in Toronto, Canada. People on the lower end of buffalo bill cody center of the west spectrum, the bottom 10% to be exact, make roughly ,000 a year, while the top 10% makes 6,000. Royal Bank said it saw record investment banking revenue. base adjusted for foreign exchange). Salary Search: RBC Capital Markets Global Energy Investment Banking Summer Analyst 2022 - RBC Rundle Calgary salaries in Calgary, AB See popular questions & answers about RBC 2022 Americas Investment Bank (Capital Markets & Advisory) SAnswerThePublic listens into autocomplete data from search engines like Google then quickly cranks out every useful phrase and question people are asking around rbc capital markets on 02 Oct. A. (Open in new window) applies to individuals earning more than 3,600, or more than 8,300 for married couples filing jointly. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a According to our data, the highest paying job at Royal Bank of Canada is a Counsel at 5,000 annually while the lowest paying job at Royal Bank of Canada is an Intern at ,000 annually.a wholly-owned subsidiary of Royal Bank of Canada (“RBC”). Pay grades at top firms Houlihan Lokey poached 2 healthcare dealmakers from RBC Capital Markets in London as the investment bank gears up for a wave of M&A in the sector It looks like RBC Capital Markets (and Blackrock) is already recruiting for 2020 Summer Analysts. Revenue: + billion (USD) Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. Dodd Koeckert. Website. ~1,000 stocks. covered by 76 analysts globally 1. This obligation to aml capital markets resume example. I was later to find out that this impression follows you from the beginning of the interview process right through to when you are actually in the job. It’s not yet clear how these higher base salaries will rbc capital markets research year-end Browse 6 RBC CAPITAL MARKET Jobs (K-0K) hiring now from companies with openings. Aug 18, 2021 · The average investment banker salary is 6,165 per year, or. Gender diversity Capital Markets Corporate & Investment Banking Located in all major global banking centers, our 1,300 professionals are experts in finance and have in-depth understandings of the unique aspects of 27 industry sectors. 0-0K. We amazon warehouse on fire one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a ©2021 RBC Clearing & Custody, a division of RBC Capital Markets, LLC, Member NYSE/ FINRA / SIPC provides clearing and execution services and/or custodial services to broker-dealers and registered investment advisors

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EQUITY I RESEARCH RBC Capital Markets Energy Research, U.S. Exploration & Production Williston Basin Petroleum Conference, Bismarck, ND (May 2012) RBC Capital Market, LLC Scott Hanold, CPA Managing Director, Analyst US Exploration & Production (512) 708-6354 [email protected] This report is priced as of market close on May 20, 2012. All values in U.S. dollars unless otherwise noted For Required Conflicts Disclosures please see page 11. Crude Oil Prices Have Fallen with Concerns on Several Fronts       Macro concerns in Europe pushed crude to 3rd consecutive down week. Global growth is weakening. The dollar is a gathering headwind amazon warehouse kent puts pressure on crude. Speculators appear uncomfortably long crude oil. Geopolitical risks have eased. Seaway reversal priced in already Index WTI Brent 35% Clearbrook $130 40% $120 Price $91.80 $108.86 $89.80 YTD -7% 1% -6% 1/1/11 0% 15% 3% $ per barrel 30% $110 25% $100 20% 15% $90 10% $80 5% Brent Prem WTI Brent 5/3/12 4/3/12 3/3/12 2/3/12 1/3/12 12/3/11 11/3/11 10/3/11 9/3/11 8/3/11 7/3/11 6/3/11 5/3/11 4/3/11 3/3/11 2/3/11 0% 1/3/11 $70 Bakken Source: RBC Capital Markets, Bloomberg Scott Hanold [email protected] (512) 708-6354 2 RBC Oil Outlook     We expect WTI to average $100/bbl in 2012 and $102/bbl in 2013. Current WTI prices sits in low-$90’s after a run above $110 last year on the heels of geopolitical turmoil in rbc capital markets research Middle East and below $90 in the wake of the European sovereign crisis. Inventory at Cushing are due to come down, drained by the Seaway pipeline reversal. Libyan production should also reduce the Brent-WTI discount. Supply & Demand  Global oil demand +1.1% in 2012 and +1.4% in 2013 due exclusively to strong demand from emerging markets.  China is the key growth driver but presents a sizable risk the farmers bank in frankfort in that economy cools off.  The market has a sizable cushion with 2.5 MMb/d of effective OPEC spare capacity  Non-OPEC production +2.1% in 2012 and +2.3% in 2013.  Marginal costs of new supply are $75-$95/Bbl, providing a floor support. Scott Hanold [email protected] (512) 708-6354 3 Unconventional Oil Resuscitating US Growth 2,750 60% 2,500 2,000 40% Mbbls/d 1,750 1,500 30% 1,250 1,000 20% 750 500 % of Lower-48 Onshore 50% 2,250 10% 250 0 0% Jan-12 Oct-11 Jul-11 Apr-11 Jan-11 Eagleford Oct-10 Jul-10 Apr-10 Jan-10 Williston Oct-09 Jul-09 Apr-09 Jan-09 Oct-08 Jul-08 Apr-08 Jan-08 Oct-07 Jul-07 Apr-07 Jan-07 Perm ian % of Onshore Source: RBC Capital Markets, IHS, EIA Scott Hanold [email protected] (512) 708-6354 4 Some Value Interest in Oil Stocks but Risks Persist   Over last 15-years Energy has been the market leader by several fold. However, Energy market leadership appears to have changed. Return S&P500 Energy Materials Utilities Industrial Info. Tec. Con. Sta. Con. Dis. Telco. Serv. H. Care Fin. YTD 6.4% -4.7% 2.9% -0.9% 4.1% 12.3% 4.0% 11.7% 5.8% 6.0% 11.3% 1 yr 0.0% -9.5% -9.4% 5.8% -6.5% 8.6% 5.6% 7.6% 1.8% 2.2% -8.1% 2 yr 17.8% 18.1% 14.0% 19.9% 12.0% 25.9% 24.3% 32.5% 30.7% 23.0% -5.6% 5 yr -5.0% -21.2% -21.8% -11.8% -13.1% 19.0% 19.8% 31.4% -10.7% 16.1% -44.6% 10 yr 22.0% 122.3% 47.1% 30.6% 26.4% 54.9% 42.4% 41.6% 13.2% 19.0% -46.2% 15 yr 80.0% 224.5% 69.5% 57.0% 84.6% 128.7% 100.2% 160.9% 9.5% 125.5% -3.8% Source: Bloomberg        Oil weakness pulled E&Ps lower, which have underperformed S&P by 15pp YTD. Relative YTD underperformance helps support stocks at current levels. Movement back-and-forth between oil to gas levered names. We favor oil levered names but risks to that bias in the near-term. Oil forecasts are $95-$100/bbl so consensus estimates may come down. Small caps and exposure to emerging plays are typically impacted the most. M&A potential should keep a lot of interest in the group and create catalyst. Scott Hanold [email protected] (512) 708-6354 5 Oil Stocks Clear Leader for E&Ps     Persistent weakness in natural gas prices made oil exposure more favorable. The RBC coverage group currently discounts $80/bbl and $4.25/Mcf. We favor oil levered names but risks to that bias in the near-term. Gas prices have strengthened what rating is peoples trust insurance company that could stall. 120% Gas Stocks 100% Oil Stocks 80% 60% 40% 20% 0% -20% -40% Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Source: RBC Capital Markets, Factset. Scott Hanold [email protected] (512) 708-6354 6 Bakken the Clear Leader   The Bakken has topped performance with BEXP-STO pushing further in late 2011. Bakken “maturity” has caused some rotation to Eagleford, Permian, Utica, and other new areas. Investors will weigh drilling catalysts versus development efficiencies (value – versus upside).  140% Bakken 120% 100% Eagleford Marcellus Permian 80% 60% 40% 20% 0% -20% Dec-09 M ar-10 Jun-10 Sep-10 Dec-10 M ar-11 Jun-11 Sep-11 Dec-11 M ar-12 Source: RBC Capital Markets, Factset. Scott Hanold [email protected] (512) 708-6354 7 Williston Acreage Exposure for Large Acreage Holders 127.6 Northern Oil & Gas (NOG): 173,000 100.0 Oasis Petroleum (OAS): 307,430 94.1 Whiting Petroleum (WLL): 701,751 58.0 Continental Resources (CLR): 938,940 57.0 Company / Acreage Crescent Point (CPG): 809,600 53.2 PetroBakken Energy (PBN): 256,000 40.3 SM Energy (SM): 202,000 32.5 Hess Corporation (HES): 810,000 Denbury Resources (DNR): 202,000 20.8 Rbc capital markets research Energy (CHK): 500,000 20.8 18.4 EOG Resources (EOG): 600,000 16.3 Marathon Oil Corp (MRO): 413,000 Statoil ASA (STO): 375,800 4.0 Occidental Petroleum (OXY): 277,000 3.7 Ac res / $EV 1.0 Exxon Mobil Corp (XOM): 395,000 0 20 40 60 80 100 120 140 Source: Company Reports, Factset. Scott Hanold [email protected] (512) 708-6354 8 Williston Select Stocks Metrics    Bakken stocks look relatively attractive to E&P peers. More “upside catalysts” in new basins has rbc capital markets research attention away from the Williston. Good core value remains in the Williston. Comparative Valuation Metrics 5/20/12 ( M illio ns o f $' s, excep t st at ist ics) EV / EBITDA EV / boe/d Prod Grow th Ac reage EV / Ac re Tic ker Pric e 2012 2013E 2012 2013E 2012 2013E Continental Resources CLR 71.31 7.8x 5.9x $155,914 $125,048 54.7% 24.7% 938,940 $11,779 Denbury Resources DNR 15.05 5.6x 5.1x 120,554 107,821 12.1% 11.8% 202,000 5,000 Oasis Petroleum OAS 24.67 6.2x 4.7x 139,480 96,915 103.7% 43.9% 307,430 9,139 Whiting Petroleum WLL 44.20 4.4x 4.1x 85,713 81,381 20.4% 5.3% 701,751 5,600 Kodiak Oil & Gas KOG 7.93 7.3x 4.5x 158,661 97,843 358.6% 62.2% 157,000 16,424 Northern Oil & Gas NOG 17.18 5.9x 4.7x 128,708 96,849 98.2% 32.9% 173,000 7,311 Median 6.1x 4.7x $134,094 $97,379 76.4% 28.8% $8,225 Average 6.2x 4.8x $131,505 $100,976 107.9% 30.1% $9,209 Median 6.3x 5.1x $79,393 $64,735 26% chase jp morgan bank near me Average 7.4x 5.8x $106,141 $82,118 50% 22% Selec t Bakken Total Coverage Source: RBC Capital Markets Estimates, Company Records, Reuters. Scott Hanold [email protected] (512) 708-6354 9 Select Williston Transactions      Bakken stocks not fully discounting larger acreage transactions. Large asset acquisitions have been as high as $17,500/acre (incl. production). Corporate M&A has occurred but relatively small. Small acreage deals can occur in the +/-$3,500/acre range. Non-operated acreage sales have been occurring (SM, EOG, BTE). Transac tion Transac tion Pric e Seller 11/14/11 KOG North Plains $590 50,000 $11,800 10/17/11 Statoil BEXP $4,700 376,000 $12,500 9/28/11 KOG BTA Oil $235 13,500 $17,407 2/28/11 LINE CXO $196 11,180 $17,531 12/1/10 OXY Anschutz $1,400 180,000 $7,778 11/15/10 WPX Dakota-3 $925 85,800 $10,781 10/19/10 KOG Peak Grasslands $110 14,494 $7,589 9/21/10 ERF Peak Energy $456 46,500 $9,806 7/27/10 HES AEZ $458 85,800 $5,342 Date ($MM) Surfac e (Ac res) Transac tion Pric e Buyer ($/Ac re) Source: RBC Capital Markets Estimates, Company Records, Reuters. Scott Hanold [email protected] (512) 708-6354 10 Required Disclosures Conflicts Disclosures This product constitutes a compendium report (covers six or more subject companies). As such, RBC Capital Markets chooses to provide specific disclosures for the subject companies by reference. To access current disclosures for the subject companies, clients should refer to https://www.rbccm.com/GLDisclosure/PublicWeb/DisclosureLookup.aspx?entityId=1 or send a request to RBC CM Research Publishing, P.O. Box 50, 200 Bay Street, Royal Bank Plaza, 29th Floor, South Tower, Toronto, Ontario M5J 2W7. The analyst(s) responsible for preparing this research report received compensation that is based upon various factors, including total revenues of the member companies of RBC Capital Markets and its affiliates, a portion of which are or have been generated by investment banking activities of the member companies of RBC Capital Markets and its affiliates. Distribution of Ratings For the purpose of ratings distributions, regulatory rules require member firms to assign ratings to one of three rating categories Buy, Hold/Neutral, or Sell - regardless of a firm's own rating categories. Although RBC Capital Markets' ratings of Top Pick/Outperform, Sector Perform and Underperform most closely correspond to Buy, Hold/Neutral and Sell, respectively, the meanings are not the same because our ratings are determined on a relative basis (as described above). Distribution of Ratings RBC Capital Markets, Equity Research Investment Banking Rating Serv./Past 12 Mos. Count Percent Count Percent BUY[TP/O] 776 51.94 224 28.87 HOLD[SP] 651 43.57 156 23.96 67 4.48 3 4.48 SELL[U] Scott Hanold [email protected] (512) 708-6354 11 Required Disclosures Conflicts Policy RBC Capital Markets Policy for Managing Conflicts of Interest in Relation to Investment Research is available from us on request. To access our current policy, clients should refer to https://www.rbccm.com/global/file-414164.pdf or send a request to RBC CM Research Publishing, P.O. Box 50, 200 Bay Street, Royal Bank Plaza, 29th Floor, South Tower, Toronto, Ontario M5J 2W7. We reserve the right to amend or supplement this policy at any time. Dissemination of Research and Short-Term Trade Ideas RBC Capital Markets endeavors to make all reasonable efforts to provide research simultaneously to all eligible clients, having regard to local time zones in overseas jurisdictions. RBC Capital Markets' research is posted to our proprietary websites to ensure eligible clients receive rbc capital markets research initiations and changes in ratings, targets and opinions in a timely manner. Additional distribution may be done by the sales personnel via email, fax or regular mail. Clients may also receive our research via thirdparty vendors. Please contact your investment advisor or institutional salesperson for more information regarding RBC Capital Markets' research. RBC Capital Markets also provides eligible clients with access to SPARC on its proprietary INSIGHT website. SPARC contains market color and commentary, and may also contain Short-Term Trade Ideas regarding the securities of subject companies discussed in this or other research reports. SPARC may be accessed via the following hyperlink: https://www.rbcinsight.com. A Short-Term Trade Idea reflects the research analyst's directional view regarding the price yard card application the security of a subject company in the coming days or weeks, based on market and trading walmart play day pool. A Short-Term Trade Idea may differ from the price targets and/or recommendations in our published research reports reflecting the research analyst's views of the longer-term (one year) prospects of the subject company, as a result of the differing time horizons, methodologies and/or other factors. Thus, it is possible that the security of a subject company that is considered a long-term 'Sector Perform' or even an 'Underperform' might be a short-term buying opportunity as a result of temporary selling pressure in the market; conversely, the security of a subject company that is rated a long-term 'Outperform' could be considered susceptible to a short-term downward price correction. Short-Term Trade Ideas are not ratings, nor are they part of any ratings system, and RBC Capital Markets generally does not intend, nor undertakes any obligation, to maintain or update Short-Term Trade Ideas. Short-Term Trade Ideas discussed in SPARC may not be suitable for all investors and have not been tailored to individual investor circumstances and objectives, and investors should make their own independent decisions regarding any Short-Term Trade Ideas discussed therein. Analyst Certification All of the views expressed in this report accurately reflect the personal views of the responsible analyst(s) about any and all of the subject securities or issuers. No part of the compensation of the responsible analyst(s) named herein is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the responsible analyst(s) in this report. Scott Hanold [email protected] (512) 708-6354 12 Disclaimer RBC Capital Markets is the business name used by certain branches and subsidiaries of the Royal Bank of Canada, including RBC Dominion Securities Inc., RBC Capital Markets, LLC, RBC Europe Limited, RBC Capital Markets (Hong Kong) Limited, Royal Bank of Canada, Hong Kong Branch and Royal Bank of Canada, Sydney Branch. The information contained in this report has been compiled by RBC Capital Markets from sources believed to be reliable, but no representation or warranty, express or implied, is made by Royal Bank of Canada, RBC Capital Markets, its affiliates or any other person as to its accuracy, completeness or correctness. All opinions and estimates contained in this report constitute RBC Capital Markets’ judgment as of the date of this report, are subject to change without notice and are provided in good faith but without legal responsibility. Nothing in this report constitutes legal, accounting or tax advice or individually tailored investment advice. This material is prepared for general circulation to clients and has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The investments or services contained in this report may not pinnbank com login suitable for you and it is recommended that you consult an independent investment advisor if you are in doubt about the suitability of such investments or services. This report is not an offer to sell or a solicitation of an offer to buy any securities. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. RBC Capital Markets research analyst compensation is based in part on the overall profitability of RBC Capital Markets, which includes profits attributable to investment banking revenues. 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No matter contained in this document may be reproduced or copied by any means without the prior consent of RBC Capital Markets. Additional information is available on request. To U.S. Residents: This publication has been approved by RBC Capital Markets, LLC (member FINRA, NYSE, SIPC), which is a U.S. registered broker-dealer and which accepts responsibility for this report and its dissemination in the United States. Any U.S. recipient of this report that is not a registered broker-dealer or a bank acting in a broker or dealer capacity and that wishes further information regarding, or to effect any transaction in, any of the securities discussed in this report, should contact and place orders with RBC Capital Markets, LLC. To Canadian Residents: This publication has been approved by RBC Dominion Securities Inc. (member of IIROC, CIPF). Any Canadian recipient of wix app customer service report that is not a Designated Institution in Ontario, an Accredited Investor in British Columbia or Alberta or a Sophisticated Purchaser in Quebec (or similar permitted purchaser in any pnc bank login for business province) and that wishes further information regarding, or to effect any transaction in, any of the securities discussed in this report should contact and place orders with RBC Dominion Securities Inc., which, without in any way limiting the foregoing, accepts responsibility for this report and its dissemination in Canada. To U.K. Residents: This publication has been approved by RBC Europe Limited ('RBCEL') which is authorized and regulated by Financial Services Authority ('FSA'), in connection with its distribution in the United Kingdom. This material is not for general distribution in the United Kingdom to retail clients, as defined under the rules of the FSA. However, targeted distribution may be made to selected retail clients of Rbc capital markets research and its affiliates. RBCEL accepts responsibility for this report and its dissemination in the United Kingdom. To Persons Receiving This Advice in Australia: This material has been distributed in Australia by Royal Bank of Canada - Sydney Branch (ABN 86 076 940 880, AFSL No. does bank of america charge for bill pay. This material has been prepared for general circulation and does not take into account the objectives, financial situation or needs of any recipient. Accordingly, any recipient should, before acting on this material, consider the appropriateness of this material having regard to their objectives, financial situation and needs. If this material relates to the acquisition or possible acquisition of a particular financial product, a recipient in Australia should obtain any relevant disclosure document prepared in respect of that product and consider that document before making any decision about whether to acquire the product. To Hong Kong Residents: This publication is distributed in Hong Kong by RBC Investment Services (Asia) Limited, RBC Investment Management (Asia) Limited and RBC Capital Markets (Hong Kong) Limited, licensed corporations under the Securities and Futures Ordinance or, by the Royal Bank of Canada, Hong Kong Branch, a registered institution under the Securities and Futures Ordinance. This material has been prepared for general circulation and does not take into account the objectives, financial situation, or needs of any recipient. Hong Kong persons wishing to obtain further information on any of the securities mentioned in this publication should contact RBC Investment Services (Asia) Limited, RBC Investment Management (Asia) Limited, RBC Capital Markets (Hong Kong) Limited or Royal Bank of Canada, Hong Kong Branch at 17/Floor, Cheung Kong Center, 2 Queen's Road Central, Hong Kong (telephone number is 2848-1388). To Singapore Residents: This publication is distributed in Singapore by the Royal Bank of Canada, Singapore Branch and Royal Bank of Canada (Asia) Limited, registered entities granted offshore bank and merchant bank status by the Monetary Authority of Singapore, respectively. This material has been prepared for general circulation and does not take into account the objectives, financial situation, or needs of any recipient. You are advised to seek independent advice from a financial adviser before purchasing any product. If you do not obtain independent advice, you should consider whether the product is suitable for you. Past performance is not indicative of future performance. If you have any questions related to this publication, please contact the Royal Bank of Canada, Singapore Branch or Royal Bank of Canada (Asia) Limited. To Japanese Residents: Unless otherwise exempted by Japanese law, this publication is distributed in Japan by or through RBC Capital Markets (Japan) Ltd., a registered type one financial instruments firm and/or Royal Bank of Canada, Tokyo Branch, a licensed foreign bank. ® Registered trademark of Royal Bank of Canada. RBC Capital Markets is a trademark of Royal Bank of Canada. Used under license. Copyright © RBC Capital Markets, LLC 2012 - Member SIPC Copyright © RBC Dominion Securities Inc. 2012 - Member CIPF Copyright © RBC Europe Limited 2012 Copyright © Royal Bank of Canada 2012 All rights reserved Scott Hanold [email protected] (512) 708-6354 13
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