NYSE:RY - Royal Bank of Canada Stock Price, News, & Analysis

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$75.21 +0.20 (+0.27 %)
(As of 10/23/2018 04:00 PM ET)
Previous Close$75.01
Today's Range$73.72 - $75.42
52-Week Range$73.72 - $87.10
Volume1.16 million shs
Average Volume728,401 shs
Market Capitalization$108.76 billion
P/E Ratio12.41
Dividend Yield3.79%
Beta1.14
Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals. Its Wealth Management segment offers a suite of investment, trust, banking, credit, and other wealth management solutions to high net worth and ultra-high net worth clients; and asset management products and services directly to institutional and individual clients through its distribution channels and third-party distributors. The company's Insurance segment provides life, health, home, auto, travel, wealth, group, and reinsurance products and solutions through retail insurance branches, field sales representatives, advice centers, and online network, as well as through independent insurance advisors and affinity relationships. Its Investor and Treasury Services segment offers asset services, custody, payments, and treasury services for financial and other institutional investors. This segment also provides cash management, correspondent banking, and trade finance for financial institutions; and short-term funding and liquidity management services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, and structuring and trading for public and private companies, institutional investors, governments, and central banks. Royal Bank of Canada was founded in 1864 and is headquartered in Toronto, Canada.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:RY
Previous Symbol
CUSIPN/A
Phone416-974-2774

Debt

Debt-to-Equity Ratio0.13
Current Ratio0.92
Quick Ratio0.92

Price-To-Earnings

Trailing P/E Ratio12.41
Forward P/E Ratio11.48
P/E Growth1.5

Sales & Book Value

Annual Sales$40.37 billion
Price / Sales2.69
Cash Flow$6.9574 per share
Price / Cash10.81
Book Value$35.69 per share
Price / Book2.11

Profitability

EPS (Most Recent Fiscal Year)$6.06
Net Income$8.74 billion
Net Margins21.48%
Return on Equity18.11%
Return on Assets0.99%

Miscellaneous

EmployeesN/A
Outstanding Shares1,441,320,000
Market Cap$108.76 billion
OptionableN/A

Royal Bank of Canada (NYSE:RY) Frequently Asked Questions

What is Royal Bank of Canada's stock symbol?

Royal Bank of Canada trades on the New York Stock Exchange (NYSE) under the ticker symbol "RY."

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 Wednesday, August 22nd. Shareholders of record on Thursday, October 25th will be paid a dividend of $0.753 per share on Friday, November 23rd. This represents a $3.01 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Wednesday, October 24th. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $0.73. View Royal Bank of Canada's Dividend History.

How will Royal Bank of Canada's stock buyback program work?

Royal Bank of Canada announced that its Board of Directors has initiated a share repurchase plan on Monday, February 26th 2018, which allows the company to buyback 30,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

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

Royal Bank of Canada (NYSE:RY) issued its quarterly earnings results on Wednesday, August, 22nd. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The financial services provider had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.39 billion. Royal Bank of Canada had a return on equity of 18.11% and a net margin of 21.48%. View Royal Bank of Canada's Earnings History.

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

Royal Bank of Canada is scheduled to release their next quarterly earnings announcement on Wednesday, December 5th 2018. View Earnings Estimates for Royal Bank of Canada.

How can I listen to Royal Bank of Canada's earnings call?

Royal Bank of Canada will be holding an earnings conference call on Wednesday, November 28th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for RY?

10 brokers have issued 1 year target prices for Royal Bank of Canada's stock. Their forecasts range from $94.00 to $105.00. On average, they anticipate Royal Bank of Canada's stock price to reach $100.50 in the next twelve months. This suggests a possible upside of 33.6% from the stock's current price. View Analyst Price Targets for Royal Bank of Canada.

What is the consensus analysts' recommendation for Royal Bank of Canada?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Royal Bank of Canada.

Who are some of Royal Bank of Canada's key competitors?

Who are Royal Bank of Canada's key executives?

Royal Bank of Canada's management team includes the folowing people:
  • Mr. David I. McKay, Pres, CEO & Director (Age 55)
  • Mr. Rod Bolger, Chief Financial Officer
  • Ms. Jennifer Tory, Chief Admin. Officer
  • Mr. Douglas A. Guzman, Group Head of Wealth Management & Insurance and Deputy Chair of Capital Markets
  • Mr. A. Douglas McGregor, Group Head of Capital Markets, Investor & Treasury Services (Age 61)

Who are Royal Bank of Canada's major shareholders?

Royal Bank of Canada's stock is owned by many different of retail and institutional investors. Top institutional investors include Montrusco Bolton Investments Inc. (0.13%), Addenda Capital Inc. (0.09%), Cardinal Capital Management Inc. (0.05%), Aperio Group LLC (0.05%), Hexavest Inc. (0.03%) and Nexus Investment Management Inc. (0.03%).

Which institutional investors are selling Royal Bank of Canada stock?

RY stock was sold by a variety of institutional investors in the last quarter, including Montrusco Bolton Investments Inc., World Asset Management Inc, Andra AP fonden, Nexus Investment Management Inc., Triangle Securities Wealth Management, Country Club Trust Company n.a. and Eastern Bank.

Which institutional investors are buying Royal Bank of Canada stock?

RY stock was bought by a variety of institutional investors in the last quarter, including Hexavest Inc., First American Bank, Aperio Group LLC, Addenda Capital Inc., DORCHESTER WEALTH MANAGEMENT Co, Lourd Capital LLC, Cardinal Capital Management Inc. and BB&T Corp.

How do I buy shares of Royal Bank of Canada?

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

What is Royal Bank of Canada's stock price today?

One share of RY stock can currently be purchased for approximately $75.21.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $108.76 billion and generates $40.37 billion in revenue each year. The financial services provider earns $8.74 billion in net income (profit) each year or $6.06 on an earnings per share basis.

What is Royal Bank of Canada's official website?

The official website for Royal Bank of Canada is http://www.rbc.com.

How can I contact Royal Bank of Canada?

Royal Bank of Canada's mailing address is ROYAL BANK PLAZA 200 BAY STREET, TORONTO A6, M5J2J5. The financial services provider can be reached via phone at 416-974-2774 or via email at [email protected]


MarketBeat Community Rating for Royal Bank of Canada (NYSE RY)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  444 (Vote Outperform)
Underperform Votes:  603 (Vote Underperform)
Total Votes:  1,047
MarketBeat's community ratings are surveys of what our community members think about Royal Bank of Canada and other stocks. Vote "Outperform" if you believe RY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/23/2018 by MarketBeat.com Staff

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