Royal Bank Earnings Pre-Release

I suppose there's one more thing I can talk about, Royal Bank's earnings are down 15%. Relative to other financial institutions I hear about, it's pretty darn good to still be turning a profit. It makes me wonder what sort of p/e the tsx is really trading at once the updated figures are in. According to TMX money's site, the composite is at 9.9 right now. If earnings drop 15% across the board, we'd be at 11.6. Adds a bit of suspense to an already tense situation.