🔴 Royal Bank of Canada is trading 3.3% down today amid a broad financial sector sell-off and geopolitical tensions

Royal Bank of Canada is trading 3.3% down at CA$289.61, moving broadly in line with a weaker financial sector and risk-off sentiment.

• The decline follows a broader retreat in global markets as investors react to heightened geopolitical tensions in the Middle East.
• Market participants remain cautious due to ongoing uncertainty surrounding Federal Reserve policy and its impact on the financial sector.
• No stock-specific news or earnings reports have been released for the bank today, indicating the move is driven by macroeconomic factors.