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NYSE:RY

Royal Bank of Canada (RY) Stock Price, News & Analysis

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$103.77
+0.18 (+0.17%)
(As of 06/18/2024 ET)
Compare
Today's Range
$103.36
▼
$104.39
50-Day Range
$96.38
▼
$109.30
52-Week Range
$77.90
▼
$109.51
Volume
979,829 shs
Average Volume
743,514 shs
Market Capitalization
$146.84 billion
P/E Ratio
12.87
Dividend Yield
3.93%
Price Target
$133.25
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
28.4% Upside
$133.25 Price Target
Short Interest
Healthy
0.73% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
1.32mentions of Royal Bank of Canada in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.09%
From $8.47 to $9.24 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.93 out of 5 stars

Finance Sector

7th out of 872 stocks

Commercial Banks, Not Elsewhere Classified Industry

1st out of 28 stocks

See Top Rated MarketRank™ Stocks Here
RY stock logo

About Royal Bank of Canada Stock (NYSE:RY)

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital platforms; and independent brokers and partners. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

RY Stock Price History

RY Stock News Headlines

June 6, 2024 | seekingalpha.com
Royal Bank of Canada: Continued Residential Mortgage Demand Encouraging
June 6, 2024 | investorplace.com
The Top 7 Dividend Stocks to Buy and Hold Until 2030
June 19, 2024 | Weiss Ratings (Ad)
[Urgent] Protect your money before November
Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
June 6, 2024 | investing.com
RBC Capital cuts Couchbase shares target, cites peer multiple compression
June 6, 2024 | investing.com
RBC cuts Couchbase stock target, maintains positive outlook
May 30, 2024 | benzinga.com
Chewy Impresses With Strong Q1 Results; Analysts Envision Stabilized Customer Growth And Enhanced Profitability Ahead
May 30, 2024 | investorplace.com
RY Stock Earnings: Royal Bank of Canada Beats EPS, Beats Revenue for Q2 2024
May 30, 2024 | seekingalpha.com
Royal Bank of Canada 2024 Q2 - Results - Earnings Call Presentation
June 19, 2024 | Weiss Ratings (Ad)
[Urgent] Protect your money before November
Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
May 29, 2024 | benzinga.com
This Gold Mine Operator Will Outperform Peers, Analyst Says: 'Skouries Construction Gains Momentum'
May 28, 2024 | sportsbookwire.usatoday.com
Aaron Cockerill odds, tips and betting trends for the RBC Canadian Open
May 28, 2024 | finance.yahoo.com
RBC launches a new Truth and Reconciliation Office
May 17, 2024 | proactiveinvestors.com
Prepare for volatility from Canadian banks 2Q earnings, Bank of America says
May 15, 2024 | theglobeandmail.com
RBC names new head of global investment banking as it focuses on international growth
May 15, 2024 | finance.yahoo.com
Mid-Q2 2024 Investor Conference and Events Highlights Update
May 15, 2024 | finance.yahoo.com
Planning in precarious times: majority of surveyed entrepreneurs recognize the importance of business planning in an increasingly competitive market
May 14, 2024 | finance.yahoo.com
TD, RBC Data Point to Slowing Household Spending in Canada
May 10, 2024 | investing.com
CareTrust REIT shares target raised by RBC on capital deployment outlook
May 6, 2024 | finance.yahoo.com
RBC to announce second quarter results on May 30, 2024
April 29, 2024 | msn.com
JPMorgan vs. Royal Bank of Canada: Which Bank Stock Is Better Buy?
April 25, 2024 | investorplace.com
RBCAA Stock Earnings: Republic Bancorp Misses EPS, Beats Revenue for Q1 2024
April 25, 2024 | finance.yahoo.com
RBC first Canadian bank honoured with The Digital Banker's Digital CX award for global excellence in account opening experiences
April 24, 2024 | seekingalpha.com
Royal Bank of Canada: Risks Ahead
April 19, 2024 | fool.com
3 No-Brainer Bank Stocks to Buy With $1,000 Right Now
April 18, 2024 | finance.yahoo.com
Australian Jobs Surprisingly Fall, Giving RBA Scope for Patience
April 17, 2024 | prnewswire.com
Royal Bank of Canada announces NVCC AT1 Limited Recourse Capital Notes issue
April 12, 2024 | finance.yahoo.com
RBC Global Asset Management Inc. announces March sales results for RBC Funds, RBC Private Pools, RBC Alternative Funds and PH&N Funds
See More Headlines
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Company Calendar

Last Earnings
11/30/2023
Ex-Dividend for 5/24 Dividend
4/24/2024
Dividend Payable
5/24/2024
Today
6/18/2024
Next Earnings (Estimated)
8/22/2024
Fiscal Year End
10/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NYSE:RY
CUSIP
N/A
CIK
1000275
Web
www.rbc.com
Phone
(888) 212-5533
Fax
416-955-7800
Employees
91,398
Year Founded
1896

Price Target and Rating

Average Stock Price Target
$133.25
High Stock Price Target
$150.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+28.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$8.06
Trailing P/E Ratio
12.87
Forward P/E Ratio
12.25
P/E Growth
1.64
Net Income
$11.02 billion
Net Margins
12.12%
Pretax Margin
14.04%
Return on Equity
14.87%
Return on Assets
0.81%

Debt

Debt-to-Equity Ratio
0.12
Current Ratio
0.87
Quick Ratio
0.87

Sales & Book Value

Annual Sales
$87.48 billion
Price / Sales
1.68
Cash Flow
$9.99 per share
Price / Cash Flow
10.39
Book Value
$58.30 per share
Price / Book
1.78

Miscellaneous

Outstanding Shares
1,415,070,000
Free Float
N/A
Market Cap
$146.84 billion
Optionable
Optionable
Beta
0.87

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Key Executives

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

Should I Buy Royal Bank of Canada Stock? RY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Royal Bank of Canada:

  • The current stock price of Royal Bank of Canada (symbol RY) is showing a consistent upward trend, indicating potential for capital appreciation.
  • Royal Bank of Canada has a strong track record of consistent dividend payments, providing investors with a reliable income stream.
  • The bank's diversified business model, including retail banking, wealth management, and capital markets, helps in mitigating risks associated with economic fluctuations.
  • Royal Bank of Canada's robust digital banking infrastructure and investments in technology ensure competitiveness in the evolving financial services landscape.
  • The bank's strong credit rating and prudent risk management practices offer stability and security to investors.

Cons

Investors should be bearish about investing in Royal Bank of Canada for these reasons:

  • The banking sector is subject to regulatory changes and economic uncertainties, which can impact Royal Bank of Canada's profitability and operations.
  • In a low-interest-rate environment, Royal Bank of Canada may face pressure on net interest margins, affecting its profitability.
  • Market volatility and geopolitical risks can influence the bank's performance and stock price, leading to potential fluctuations in investment returns.
  • Increased competition in the financial services industry may challenge Royal Bank of Canada's market share and growth prospects.
  • Changes in consumer behavior and preferences towards digital banking could require continuous investments in technology, impacting the bank's expenses.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, June 4, 2024. Please send any questions or comments about these Royal Bank of Canada pros and cons to contact@marketbeat.com.

RY Stock Analysis - Frequently Asked Questions

Should I buy or sell Royal Bank of Canada stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RY shares.
View RY analyst ratings or view top-rated stocks.

What is Royal Bank of Canada's stock price target for 2024?

7 analysts have issued 1-year price targets for Royal Bank of Canada's stock. Their RY share price targets range from $120.00 to $150.00. On average, they anticipate the company's stock price to reach $133.25 in the next twelve months. This suggests a possible upside of 28.4% from the stock's current price.
View analysts price targets for RY or view top-rated stocks among Wall Street analysts.

How have RY shares performed in 2024?

Royal Bank of Canada's stock was trading at $101.13 at the beginning of the year. Since then, RY stock has increased by 2.6% and is now trading at $103.77.
View the best growth stocks for 2024 here.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a decrease in short interest in May. As of May 31st, there was short interest totaling 10,300,000 shares, a decrease of 45.5% from the May 15th total of 18,900,000 shares. Based on an average trading volume of 1,050,000 shares, the days-to-cover ratio is presently 9.8 days. Approximately 0.7% of the company's shares are short sold.
View Royal Bank of Canada's Short Interest.

When is Royal Bank of Canada's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 22nd 2024.
View our RY earnings forecast.

How were Royal Bank of Canada's earnings last quarter?

Royal Bank of Canada (NYSE:RY) posted its earnings results on Thursday, November, 30th. The financial services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.92 by $0.13. The financial services provider earned $9.59 billion during the quarter, compared to analyst estimates of $9.63 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 14.87% and a net margin of 12.12%. During the same quarter in the previous year, the business earned $2.09 EPS.

How often does Royal Bank of Canada pay dividends? What is the dividend yield for Royal Bank of Canada?

Royal Bank of Canada announced a quarterly dividend on Thursday, May 30th. Investors of record on Thursday, July 25th will be given a dividend of $1.03 per share on Friday, August 23rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, July 25th. This is a positive change from the stock's previous quarterly dividend of $1.02.
Read our dividend analysis for RY.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $4.08 per share and currently has a dividend yield of 3.94%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 50.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 44.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RY.

What ETFs hold Royal Bank of Canada's stock?

ETFs with the largest weight of Royal Bank of Canada (NYSE:RY) stock in their portfolio include Franklin FTSE Canada ETF (FLCA), JPMorgan BetaBuilders Canada ETF (BBCA), iShares MSCI Canada ETF (EWC), Brendan Wood TopGun ETF (BWTG), Invesco International Dividend Achievers ETF (PID), USCF Dividend Income Fund (UDI), iShares International Dividend Growth ETF (IGRO) and FlexShares International Quality Dividend Index Fund (IQDF).

What other stocks do shareholders of Royal Bank of Canada own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Bank of Canada investors own include Toronto-Dominion Bank (TD), AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Bank of America (BAC), Bank of Nova Scotia (BNS), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).

Who are Royal Bank of Canada's major shareholders?

Royal Bank of Canada's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.94%), TD Asset Management Inc (2.30%), 1832 Asset Management L.P. (1.31%), National Bank of Canada FI (1.23%), Toronto Dominion Bank (1.20%) and Capital World Investors (0.45%).

How do I buy shares of Royal Bank of Canada?

Shares of RY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Royal Bank of Canada have any subsidiaries?
The following companies are subsidiares of Royal Bank of Canada: Abacus Financial Services Group Limited, Admiralty Bancorp Inc., Alabama National BanCorporation, American Guaranty & Trust, BlueBay Asset Management, Brewin Dolphin, Business Men’s Assurance Company, Capital Funding Alberta Limited, Centura Banks Inc., City National Bank, City National Corporation, Credit Suisse Private Banking North America, Dain Rauscher, Daniels & Associates L.P., Eagle Bancshares Inc., Ferris Baker Watts Incorporated, Flag Financial Corporation, Investment Holdings (Cayman) Limited, J.B. Hanauer & Co., Liberty Insurance Services Corporation, Liberty Life Insurance Company, Mourant Private Wealth, Phillips Hager & North Investment Management Ltd., Prism Financial, Provident Financial Group Inc., R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Capital Markets LLC, RBC Caribbean Investments Limited, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Global Asset Management Inc., RBC Insurance Holdings Inc, RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC U.S. Group Holdings LLC, RBC USA Holdco Corporation, RBTT Financial Group, Richardson Barr & Co., Richardson Greenshields, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada Insurance Company Ltd., Royal Trust, Royal Trust Corporation of Canada, Seasongood & Mayer LLC, Security First Network Bank, Sterling Capital Mortgage Company, The Royal Trust Company, Tucker Anthony Sutro Corporation, Voyageur Insurance Company, WayPay, Westbury Canadian Life Insurance Company, and William R. Hough & Co. Inc..
Read More
This page (NYSE:RY) was last updated on 6/19/2024 by MarketBeat.com Staff

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