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S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
My wife was skeptical... until I showed her my account balance. (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI Stock Caught Trading Under Secret Name (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI Stock Caught Trading Under Secret Name (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
My wife was skeptical... until I showed her my account balance. (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI Stock Caught Trading Under Secret Name (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI Stock Caught Trading Under Secret Name (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
My wife was skeptical... until I showed her my account balance. (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI Stock Caught Trading Under Secret Name (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI Stock Caught Trading Under Secret Name (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
NYSE:RY

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

$98.13
+0.45 (+0.46%)
(As of 02/22/2024 ET)
Today's Range
$98.00
$98.71
50-Day Range
$94.70
$101.94
52-Week Range
$77.90
$102.49
Volume
1.06 million shs
Average Volume
1.30 million shs
Market Capitalization
$138.25 billion
P/E Ratio
12.60
Dividend Yield
4.06%
Price Target
$131.50

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
34.0% Upside
$131.50 Price Target
Short Interest
Bearish
2.23% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
1.07mentions of Royal Bank of Canada in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.48%
From $8.56 to $9.20 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.

4.64 out of 5 stars

Finance Sector

122nd out of 829 stocks

Commercial Banks, Not Elsewhere Classified Industry

4th out of 28 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

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Company Calendar

Ex-Dividend for 11/24 Dividend
10/25/2023
Dividend Payable
11/24/2023
Last Earnings
11/30/2023
Ex-Dividend for 2/23 Dividend
1/24/2024
Today
2/22/2024
Dividend Payable
2/23/2024
Next Earnings (Confirmed)
2/28/2024
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
$131.50
High Stock Price Target
$139.00
Low Stock Price Target
$124.00
Potential Upside/Downside
+34.0%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$11.02 billion
Pretax Margin
15.65%

Debt

Sales & Book Value

Annual Sales
$87.48 billion
Cash Flow
$10.01 per share
Book Value
$58.30 per share

Miscellaneous

Outstanding Shares
1,408,830,000
Free Float
N/A
Market Cap
$138.25 billion
Optionable
Optionable
Beta
0.87

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Key Executives

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Royal Bank of Canada was last updated on Wednesday, February 21, 2024 at 1:38 PM.

Pros

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

  • Royal Bank of Canada has a strong track record of consistently increasing dividends, providing investors with a reliable income stream.
  • The company has a solid financial position with a high net margin of 27.69% and a return on equity of 13.16%, indicating efficient use of shareholder equity.
  • Recent analyst ratings have been positive, with several analysts setting new price targets above the current stock price, suggesting potential for capital appreciation.
  • Royal Bank of Canada's stock price has been trading near its 12-month high, indicating positive market sentiment and potential for further growth.
  • The company's diversified financial services offerings provide stability and resilience in various market conditions, reducing overall risk for investors.

Cons

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

  • Despite positive analyst ratings, there have been sell ratings on the stock, indicating some concerns about the company's performance or market conditions.
  • The stock's P/E ratio of 12.64 and P/E/G ratio of 6.86 may suggest that the stock is currently overvalued compared to its growth prospects, potentially limiting upside potential.
  • Market volatility and economic uncertainties could impact the financial services sector, affecting Royal Bank of Canada's stock price and overall performance.
  • Investors should consider the impact of interest rate changes on the company's profitability, as fluctuations in interest rates can influence the bank's lending and investment activities.
  • While the company has a history of dividend increases, the dividend payout ratio of 52.62% indicates that a significant portion of earnings is being distributed as dividends, potentially limiting reinvestment for growth.














RY Stock Analysis - Frequently Asked Questions

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

5 Wall Street 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, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RY, but not buy additional shares or sell existing shares.
View RY analyst ratings
or view top-rated stocks.

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

5 Wall Street analysts have issued twelve-month price targets for Royal Bank of Canada's stock. Their RY share price targets range from $124.00 to $139.00. On average, they expect the company's share price to reach $131.50 in the next year. This suggests a possible upside of 34.0% 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 on January 1st, 2024. Since then, RY shares have decreased by 3.0% and is now trading at $98.13.
View the best growth stocks for 2024 here
.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 31,210,000 shares, an increase of 139.3% from the January 15th total of 13,040,000 shares. Based on an average daily volume of 1,150,000 shares, the days-to-cover ratio is presently 27.1 days. Approximately 2.2% of the shares of the stock are sold short.
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 Wednesday, February 28th 2024.
View our RY earnings forecast
.

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, February 28th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "7594177#".

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

Royal Bank of Canada (NYSE:RY) issued its quarterly earnings results on Thursday, November, 30th. The financial services provider reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.13. The financial services provider had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.63 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 15.21% and a net margin of 12.59%. During the same period last year, the business earned $2.09 earnings per share.

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 Friday, December 1st. Stockholders of record on Thursday, January 25th will be paid a dividend of $1.0155 per share on Friday, February 23rd. This represents a $4.06 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Wednesday, January 24th.
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 $3.98 per share and currently has a dividend yield of 4.06%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 43.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RY.

What ETF holds Royal Bank of Canada's stock ?

Cizzle Biotechnology holds 392 shares of RY stock, representing 0.08% of its portfolio.

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 number of retail and institutional investors. Top institutional shareholders include Canoe Financial LP (10.73%), Vanguard Group Inc. (3.88%), TD Asset Management Inc (2.31%), Bank of Nova Scotia (1.99%), Mackenzie Financial Corp (1.91%) and National Bank of Canada FI (1.36%).

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..
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This page (NYSE:RY) was last updated on 2/23/2024 by MarketBeat.com Staff