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

$109.19
+0.39 (+0.36%)
(As of 07/8/2024 ET)
Today's Range
$108.78
$109.45
50-Day Range
$96.80
$109.30
52-Week Range
$77.90
$110.21
Volume
2.09 million shs
Average Volume
663,399 shs
Market Capitalization
$154.51 billion
P/E Ratio
13.55
Dividend Yield
3.74%
Price Target
$133.25

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
22.0% Upside
$133.25 Price Target
Short Interest
Healthy
0.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.67mentions of Royal Bank of Canada in the last 14 days
Based on 9 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.

4.94 out of 5 stars

Finance Sector

23rd out of 822 stocks

Commercial Banks, Not Elsewhere Classified Industry

1st out of 26 stocks

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

Write this ticker symbol down…
A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made millionaire Tim Bohen is giving you an inside look at the megatrend that’s going to change everything.
UBS Group Begins Coverage on Royal Bank of Canada (NYSE:RY)
Write this ticker symbol down…
A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made millionaire Tim Bohen is giving you an inside look at the megatrend that’s going to change everything.
RBC launches a new Truth and Reconciliation Office
See More Headlines
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Company Calendar

Ex-Dividend for 5/24 Dividend
4/24/2024
Dividend Payable
5/24/2024
Last Earnings
5/30/2024
Today
7/08/2024
Ex-Dividend for 8/23 Dividend
7/25/2024
Next Earnings (Estimated)
8/22/2024
Dividend Payable
8/23/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
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
+22.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$11.02 billion
Pretax Margin
14.04%

Debt

Sales & Book Value

Annual Sales
$87.48 billion
Cash Flow
$10.04 per share
Book Value
$58.30 per share

Miscellaneous

Outstanding Shares
1,415,070,000
Free Float
N/A
Market Cap
$154.51 billion
Optionable
Optionable
Beta
0.86

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Key Executives


RY Stock Analysis - Frequently Asked Questions

How have RY shares performed this year?

Royal Bank of Canada's stock was trading at $101.13 at the start of the year. Since then, RY shares have increased by 8.0% and is now trading at $109.19.
View the best growth stocks for 2024 here
.

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

Royal Bank of Canada (NYSE:RY) issued its earnings results on Thursday, May, 30th. The financial services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.12. The financial services provider earned $10.43 billion during the quarter, compared to analysts' expectations of $9.95 billion. Royal Bank of Canada had a net margin of 12.12% and a trailing twelve-month return on equity of 14.87%.

Does Royal Bank of Canada have any subsidiaries?

Royal Bank of Canada subsidiaries include these companies: Brewin Dolphin, WayPay, City National Corporation, BlueBay Asset Management, Mourant Private Wealth, Richardson Barr & Co., Ferris Baker Watts Incorporated, and more.

Who are Royal Bank of Canada's major shareholders?

Top institutional investors of Royal Bank of Canada include Rempart Asset Management Inc. (0.02%), Kathmere Capital Management LLC, Transcend Capital Advisors LLC and Massmutual Trust Co. FSB ADV.

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.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Bank of Nova Scotia (BNS).

This page (NYSE:RY) was last updated on 7/9/2024 by MarketBeat.com Staff

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