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NYSE:RY

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

$97.57
-1.71 (-1.72%)
(As of 05/18/2022 03:45 PM ET)
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Compare
Today's Range
$97.29
$98.96
50-Day Range
$96.14
$113.82
52-Week Range
$95.02
$119.41
Volume
70,702 shs
Average Volume
1.10 million shs
Market Capitalization
$137.33 billion
P/E Ratio
10.85
Dividend Yield
3.91%
Beta
0.9
30 days | 90 days | 365 days | Advanced Chart
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Royal Bank of Canada logo

About Royal Bank of Canada

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 advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, 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, mobile, and social platforms; independent brokers; and travel partners. Its Investor & Treasury Services segment provides asset servicing, custody, payments, and treasury services to financial and other investors; and fund and investment administration, shareholder, private capital, performance measurement and compliance monitoring, distribution, transaction banking, cash and liquidity management, foreign exchange, and global securities finance services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, advisory services, sale, and trading services for corporations, institutional investors, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

Headlines

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Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
85,301
Year Founded
1896

Sales & Book Value

Annual Sales
$45.99 billion
Cash Flow
$10.46 per share
Book Value
$51.40 per share

Profitability

Net Income
$12.76 billion
Pretax Margin
36.45%

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares
1,407,510,000
Free Float
N/A
Market Cap
$137.33 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 2/24 Dividend
1/25/2022
Last Earnings
2/24/2022
Dividend Payable
2/24/2022
Ex-Dividend for 5/24 Dividend
4/22/2022
Today
5/18/2022
Dividend Payable
5/24/2022
Next Earnings (Confirmed)
5/26/2022
Fiscal Year End
10/31/2022

Social Links


MarketRank

Overall MarketRank

2.41 out of 5 stars

Finance Sector

476th out of 1,377 stocks

Commercial Banks, Not Elsewhere Classified Industry

15th out of 39 stocks

Analyst Opinion: 3.3Community Rank: 4.0Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -













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

Is Royal Bank of Canada a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Royal Bank of Canada stock.
View analyst ratings for Royal Bank of Canada
or view top-rated stocks.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest in April. As of April 30th, there was short interest totaling 14,850,000 shares, an increase of 105.4% from the April 15th total of 7,230,000 shares. Based on an average trading volume of 1,140,000 shares, the days-to-cover ratio is currently 13.0 days.
View Royal Bank of Canada's Short Interest
.

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

Royal Bank of Canada is scheduled to release its next quarterly earnings announcement on Thursday, May 26th 2022.
View our earnings forecast 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 Thursday, May 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "7934665#".

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

Royal Bank of Canada (NYSE:RY) released its quarterly earnings results on Thursday, February, 24th. The financial services provider reported $2.28 EPS for the quarter, beating the consensus estimate of $2.15 by $0.13. The financial services provider had revenue of $10.37 billion for the quarter. Royal Bank of Canada had a net margin of 28.16% and a trailing twelve-month return on equity of 18.28%.
View Royal Bank of Canada's earnings history
.

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, February 24th. Shareholders of record on Monday, April 25th will be paid a dividend of $0.944 per share on Tuesday, May 24th. This represents a $3.78 annualized dividend and a yield of 3.88%. The ex-dividend date is Friday, April 22nd. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $0.94.
View Royal Bank of Canada's dividend history
.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada pays an annual dividend of $3.84 per share and currently has a dividend yield of 3.91%. The dividend payout ratio of Royal Bank of Canada is 42.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Royal Bank of Canada will have a dividend payout ratio of 41.25% next year. This indicates that Royal Bank of Canada will be able to sustain or increase its dividend.
View Royal Bank of Canada's dividend history.

What price target have analysts set for RY?

13 Wall Street analysts have issued 12-month target prices for Royal Bank of Canada's shares. Their forecasts range from $140.00 to $150.00. On average, they anticipate Royal Bank of Canada's share price to reach $144.81 in the next year. This suggests a possible upside of 48.8% from the stock's current price.
View analysts' price targets for Royal Bank of Canada
or view top-rated stocks among Wall Street analysts.

Who are Royal Bank of Canada's key executives?
Royal Bank of Canada's management team includes the following people:
  • Mr. David I. McKay, Pres, CEO & Director (Age 59, Pay $4.4M)
  • Mr. Douglas Antony Guzman, Group Head of Wealth Management, Insurance, Investor & Treasury Services
  • Mr. Neil McLaughlin, Group Head of Personal & Commercial Banking
  • Mr. Derek Neldner CFA, Group Head & CEO of RBC Capital Markets
  • Ms. Nadine Ahn, Chief Financial Officer (Age 51)
  • Mr. Bruce Ross, Group Head of Technology & Operations
  • Ms. Gay Mitchell, Deputy Chairman of RBC Wealth Management
  • Mr. Christoph Knoess, Chief Admin. & Strategy Officer
  • Ms. Maria Douvas, Chief Legal Officer
  • Ms. Amy Cairncross, Sr. VP of Communications
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).

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."

Who are Royal Bank of Canada's major shareholders?

Royal Bank of Canada's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.45%), TD Asset Management Inc. (2.05%), Mackenzie Financial Corp (1.99%), Wellington Management Group LLP (1.41%), Bank of Nova Scotia (1.40%) and 1832 Asset Management L.P. (1.31%).

Which major investors are selling Royal Bank of Canada stock?

RY stock was sold by a variety of institutional investors in the last quarter, including Bank of Nova Scotia, Goldman Sachs Group Inc., Cibc World Market Inc., GQG Partners LLC, Mackenzie Financial Corp, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Connor Clark & Lunn Investment Management Ltd., and TD Asset Management Inc..

Which major investors are buying Royal Bank of Canada stock?

RY stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Beutel Goodman & Co Ltd., Canada Pension Plan Investment Board, Vanguard Group Inc., JPMorgan Chase & Co., 1832 Asset Management L.P., Waratah Capital Advisors Ltd., and National Bank of Canada FI.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of RY stock can currently be purchased for approximately $97.34.

How much money does Royal Bank of Canada make?

Royal Bank of Canada has a market capitalization of $137.01 billion and generates $45.99 billion in revenue each year. The financial services provider earns $12.76 billion in net income (profit) each year or $8.989990 on an earnings per share basis.

How many employees does Royal Bank of Canada have?

Royal Bank of Canada employs 85,301 workers across the globe.

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, 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..

When was Royal Bank of Canada founded?

Royal Bank of Canada was founded in 1896.

What is Royal Bank of Canada's official website?

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

How can I contact Royal Bank of Canada?

Royal Bank of Canada's mailing address is 200 BAY STREET, TORONTO A6, M5J2J5. The financial services provider can be reached via phone at (888) 212-5533, via email at [email protected], or via fax at 416-955-7800.

This page was last updated on 5/18/2022 by MarketBeat.com Staff

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