Royal Bank of Canada (TSX:RY.PR.Z.PFD) Mortgage Backed Securities (USD Mil) : 0.00 (As of . 20)

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What is Royal Bank of Canada Mortgage Backed Securities (USD Mil)?

Mortgage Backed Securities (USD Mil) is a type of investment similar to a bond that is made up of mortgage loans bought from the banks that issued them. It is a type of asset-backed security secured by a mortgage or collection of mortgages.

The historical rank and industry rank for Royal Bank of Canada's Mortgage Backed Securities (USD Mil) or its related term are showing as below:

Royal Bank of Canada Mortgage Backed Securities (USD Mil) Historical Data

The historical data trend for Royal Bank of Canada's Mortgage Backed Securities (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Royal Bank of Canada Mortgage Backed Securities (USD Mil) Chart

Royal Bank of Canada (TSX:RY.PR.Z.PFD) Mortgage Backed Securities (USD Mil) Explanation

Mortgage Backed Securities (USD Mil) is a type of asset-backed security secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Investors are essentially lending money to home buyers, while the bank becomes an intermediary between the home buyer and the investors.

Royal Bank of Canada Mortgage Backed Securities (USD Mil) Related Terms

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Royal Bank of Canada (TSX:RY.PR.Z.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Royal Bank of Canada (TSX:RY.PR.Z.PFD) » Definitions » Mortgage Backed Securities (USD Mil)

Comparable Companies

Traded in Other Exchanges

RY:USA RYC:Germany RYC:Germany RY.PR.S.PFD:Canada RY.PR.O.PFD:Canada RY.PR.N.PFD:Canada RY.PR.M.PFD:Canada RY.PR.J.PFD:Canada RY.PR.H.PFD:Canada RY:Canada

Address

1 Place Ville-Marie, Corporate Secretary's Department, Montreal, QC, CAN, H3B 3A9

Website

https://www.rbc.com

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.

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