14:33:48 EDT Wed 26 Aug 2026
Enter Symbol
or Name
USA
CA



Royal Bank of Canada
Symbol RY
Shares Issued 1,386,599,470
Close 2026-08-25 C$ 286.63
Market Cap C$ 397,441,006,086
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Globe says RBC shows how fast AI is changing things

2026-08-26 08:53 ET - In the News

The Globe and Mail reports in its Wednesday edition that banks, pension funds, traders and analysts are managing a lot more information than they were a decade ago, in less predictable markets. Guest columnist Andrea Mosconi writes that Bloomberg's terminal, for example, is now regularly processing more than 500 billion individual pieces of information a day -- twice as much as a few years ago. Financial professionals have access to an ocean of information at their fingertips, making it much more difficult to separate the good from the bad. Agentic artificial intelligence is helping to address this, and RBC has gone as far as setting a commercial target of creating $1-billion in enterprise value from the technology by 2027, showing how fast AI is embedding into the day-to-day operations of major financial institutions. Competitive advantage no longer comes from finding information first, because it's everywhere and available almost instantly. AI removes much of the early legwork, helping portfolio managers review earnings, analysts cover more companies and traders monitor market developments more efficiently. The hard part is knowing what information is reliable and then differentiating that from questionable sources.

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