• Royal Bank Of Canada average return on tangible equity for 2024 was 16.21, a 4.45% increase from 2023.
• Royal Bank Of Canada average return on tangible equity for 2023 was 15.52, a 12.96% increase from 2022.
• Royal Bank Of Canada average return on tangible equity for 2022 was 17.83, a 10.45% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.