🔴 Royal Bank of Canada is trading 4.8% down today in after-hours trading despite recent buyback approval

Royal Bank of Canada is trading 4.8% down at $190.00 in after-hours trading despite the recent approval of a significant share buyback program.

• The bank recently authorized the repurchase of up to 45 million shares, representing approximately 3.24% of its outstanding stock, which had previously supported investor sentiment.
• No new company-specific news or financial results were released after the market close to account for the sharp decline from the $199.51 session finish.