RBC CM Preview of RBC Q3 2006 Earnings

RBC Capital Markets, 18 August 2006Cash EPS Estimated Up 16% YoY. Royal Bank reports Q3/06 earnings on August 25. Our cash EPS estimate of $0.86 is 2� above the Thomson First Call mean estimate of $0.84. Our estimate reflects growth rates of 16% year over year and -1% sequentially.Retail Bank to Shine this Quarter. Last quarter, RY posted $0.86 cash ($0.85 normalized) for ~21% growth YoY, beating