RBC Maintained Outperform at RBC CM

RBC Capital Markets, 7 March 2006� RY�s Consensus EPS On the Rise. RBC reported well-above consensus earnings Friday and street EPS estimates should rise on the broad-based strength. Excluding a lower-than-expected loan loss, the underlying or sustainable level was ~$1.70, which on an annualized tracks in line with our $6.83 cash EPS estimate for 2006, about $0.30 above the Thomson First Call