Royal Bank of Canada announced an agreement to sell its 50% stake in jointly-owned Moneris Solutions Corporation to Francisco Partners for approximately $1 billion. The transaction is expected to close by the end of Q1 fiscal 2027, subject to regulatory approvals. RBC anticipates recording a pre-tax gain of $560 million ($475 million after-tax) and expects a marginally positive impact on its CET1 ratio upon closing. Concurrently, RBC and BMO will enter into exclusive long-term customer referral arrangements with Moneris. Royal Bank of Canada is a global financial institution providing banking, wealth management, and investment services.

Royal Bank of Canada announced a share repurchase program to buy back up to 45 million of its common shares. The company operates in the financial services industry as a global banking and wealth management institution.