About Royal Bank Of Canada (NYSE:RY)
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries. The Company's business segments include Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets. The Company, through its segments, serves various lines of businesses, which include Personal Financial Services, Business Financial Services, Cards and Payment Solutions (Canadian Banking), Caribbean and United States Banking, Canadian Wealth Management, United States and International Wealth Management, Global Asset Management, Canadian Insurance, International Insurance, Corporate and Investment Banking, Global Markets and Other.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: N/A
- Symbol: NYSE:RY
- CUSIP: N/A
- Web: www.rbc.com
- Market Cap: $116.91 billion
- Outstanding Shares: 1,457,948,000
- 50 Day Moving Avg: $77.05
- 200 Day Moving Avg: $73.09
- 52 Week Range: $60.92 - $80.98
Sales & Book Value:
- Trailing P/E Ratio: 13.33
- Foreward P/E Ratio: 12.77
- P/E Growth: 2.92
- Annual Revenue: $31.13 billion
- Price / Sales: 3.76
- Book Value: $37.00 per share
- Price / Book: 2.17
- Annual Dividend: $2.78
- Dividend Yield: 3.6%
- Net Margins: 22.98%
- Return on Equity: 16.63%
- Return on Assets: 0.92%
- Debt-to-Equity Ratio: 0.14%
- Current Ratio: 0.89%
- Quick Ratio: 0.89%
- Average Volume: 843,355 shs.
- Beta: 1.06
- Short Ratio: 11.06
Frequently Asked Questions for Royal Bank Of Canada (NYSE:RY)
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 declared a quarterly dividend on Wednesday, August 23rd. Investors of record on Thursday, October 26th will be given a dividend of $0.724 per share on Friday, November 24th. This represents a $2.90 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Wednesday, October 25th. This is an increase from Royal Bank Of Canada's previous quarterly dividend of $0.64. View Royal Bank Of Canada's Dividend History.
How will Royal Bank Of Canada's stock buyback program work?
Royal Bank Of Canada declared that its board has initiated a stock repurchase plan on Monday, April 10th 2017, which authorizes the company to repurchase 30,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.
How were Royal Bank Of Canada's earnings last quarter?
Royal Bank Of Canada (NYSE:RY) issued its quarterly earnings data on Wednesday, August, 23rd. The company reported $1.41 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.42 by $0.01. The business had revenue of $7.43 billion for the quarter, compared to analyst estimates of $7.11 billion. Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. During the same quarter in the prior year, the company posted $1.72 earnings per share. View Royal Bank Of Canada's Earnings History.
When will Royal Bank Of Canada make its next earnings announcement?
Where is Royal Bank Of Canada's stock going? Where will Royal Bank Of Canada's stock price be in 2017?
11 brokerages have issued 12-month price targets for Royal Bank Of Canada's shares. Their predictions range from $77.00 to $77.00. On average, they expect Royal Bank Of Canada's stock price to reach $77.00 in the next year. View Analyst Ratings for Royal Bank Of Canada.
Who are some of Royal Bank Of Canada's key competitors?
Some companies that are related to Royal Bank Of Canada include Citigroup (C), HSBC Holdings plc (HSBA), Toronto Dominion Bank (The) (TD), Banco Santander, S.A. (SAN), U.S. Bancorp (USB), Itau Unibanco Banco Holding SA (ITUB), Westpac Banking Corporation (WBK), Mitsubishi UFJ Financial Group (MTU), Bank of Nova Scotia (The) (BNS), ING Group, N.V. (ING), Banco Bradesco SA (BBD), PNC Financial Services Group, Inc. (The) (PNC), Lloyds Banking Group PLC (LYG), Banco Bilbao Vizcaya Argentaria SA (BBVA), Sumitomo Mitsui Financial Group (SMFG), Bank Of Montreal (BMO), Mizuho Financial Group (MFG) and Royal Bank Scotland PLC (The) (RBS).
Who are Royal Bank Of Canada's key executives?
Royal Bank Of Canada's management team includes the folowing people:
- Kathleen P. Taylor J.D., Independent Chairman of the Board
- David I. McKay, President, Chief Executive Officer, Director
- Rod Bolger, Chief Financial Officer
- Zabeen Hirji, Chief Human Resource Officer
- Mark Hughes, Group Chief Risk Officer
- Mike Dobbins, Head - Strategy and Corporate Development
- Doug A. Guzman, Group Head - Wealth Management and Insurance
- A. Douglas McGregor, Group Head - Capital Markets and Investor & Treasury Services
- Bruce Ross, Group Head - Technology and Operations
- Jennifer Anne Tory, Group Head - Personal & Commercial Banking
Who owns Royal Bank Of Canada stock?
Royal Bank Of Canada's stock is owned by a number of of institutional and retail investors. Top institutional investors include APG Asset Management N.V. (0.34%), Montrusco Bolton Investments Inc. (0.19%), Shell Asset Management Co. (0.03%), Strs Ohio (0.01%), BB&T Corp (0.00%) and Fox Run Management L.L.C. (0.00%). View Institutional Ownership Trends for Royal Bank Of Canada.
Who sold Royal Bank Of Canada stock? Who is selling Royal Bank Of Canada stock?
Who bought Royal Bank Of Canada stock? Who is buying Royal Bank Of Canada stock?
Royal Bank Of Canada's stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Montrusco Bolton Investments Inc., Shell Asset Management Co., Fox Run Management L.L.C., Asset Advisors Corp and BB&T Corp. View Insider Buying and Selling for Royal Bank Of Canada.
How do I buy Royal Bank Of Canada stock?
Shares of Royal Bank Of Canada can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Royal Bank Of Canada's stock price today?
MarketBeat Community Rating for Royal Bank Of Canada (NYSE RY)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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Royal Bank Of Canada stock can currently be purchased for approximately $80.19.
Consensus Ratings for Royal Bank Of Canada (NYSE:RY) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 7 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$77.00 (3.98% downside)|Consensus Price Target History for Royal Bank Of Canada (NYSE:RY)
Analysts' Ratings History for Royal Bank Of Canada (NYSE:RY)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/21/2017||Scotiabank||Downgrade||Outperform -> Sector Perform||Low|
|8/21/2017||Howard Weil||Downgrade||Sector Perform||Low|
|7/18/2017||Canaccord Genuity||Initiated Coverage||Hold -> Hold||Low|
|5/18/2017||National Bank Financial||Reiterated Rating||Sector Perform Overweight||Low|
|4/3/2017||TD Securities||Downgrade||Buy -> Hold||Low|
|2/27/2017||Keefe, Bruyette & Woods||Upgrade||Underperform -> Market Perform||N/A|
|12/12/2016||Argus||Boost Price Target||Buy||$71.00 -> $77.00||N/A|
|11/30/2016||BMO Capital Markets||Reiterated Rating||Hold||N/A|
|12/1/2016||Rafferty Capital Markets||Reiterated Rating||Buy -> Hold||N/A|
|11/14/2016||Credit Suisse Group||Reiterated Rating||Outperform||N/A|
|11/1/2016||Bank of America Corporation||Initiated Coverage||Underperform||N/A|
|10/27/2016||Barclays PLC||Reiterated Rating||Sell||N/A|
|9/21/2016||Dundee Securities||Initiated Coverage||Neutral||N/A|
|9/14/2016||Citigroup Inc.||Boost Price Target||Buy||$89.00 -> $95.00||N/A|
Earnings History for Royal Bank Of Canada (NYSE:RY)Earnings History by Quarter for Royal Bank Of Canada (NYSE RY)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/29/2017|| || || || || || || || |
|8/23/2017||7/31/2017||$1.42||$1.41||$7.11 billion||$7.43 billion||View||N/A|
|5/25/2017||4/30/2017||$1.34||$1.42||$6.88 billion||$7.75 billion||View||N/A|
|2/24/2017||Q117||$1.34||$1.40||$7.23 billion||$9.55 billion||View||N/A|
|8/24/2016||Q316||$1.33||$1.72||$7.27 billion||$10.26 billion||View||Listen|
|5/26/2016||$1.64||$1.66||$9.51 billion||$9.53 billion||View||N/A|
|2/24/2016||$1.67||$1.58||$9.49 billion||$9.36 billion||View||N/A|
|12/2/2015||Q415||$1.64||$1.74||$8.56 billion||$8.02 billion||View||N/A|
|8/26/2015||Q215||$1.29||$1.25||$6.72 billion||$7.18 billion||View||Listen|
|5/28/2015||Q115||$1.30||$1.61||$6.90 billion||$7.06 billion||View||Listen|
|2/25/2015||Q414||$1.31||$1.33||$7.28 billion||$7.66 billion||View||N/A|
|12/3/2014||Q4||$1.58||$1.57||$8.54 billion||$8.38 billion||View||N/A|
|8/22/2014||Q214||$1.56||$1.62||$7.78 billion||$8.19 billion||View||N/A|
|5/22/2014||Q2||$1.42||$1.47||$7.75 billion||$8.27 billion||View||N/A|
|2/26/2014||Q1||$1.45||$1.44||$8.16 billion||$8.45 billion||View||N/A|
|12/5/2013||Q4||$1.40||$1.40||$7.51 billion||$7.97 billion||View||Listen|
|8/29/2013||Q213||$1.38||$1.38||$7.93 billion||$7.22 billion||View||N/A|
|5/30/2013||$1.31||$1.29||$7.48 billion||$7.77 billion||View||N/A|
Earnings Estimates for Royal Bank Of Canada (NYSE:RY)
2017 EPS Consensus Estimate: $5.40
2018 EPS Consensus Estimate: $6.39
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Royal Bank Of Canada (NYSE:RY)
|Dividend Growth:||-0.60% (3 Year Average)|
|Payout Ratio:||50.36% (Trailing 12 Months of Earnings) |
46.72% (Based on This Year's Estimates)
44.27% (Based on Next Year's Estimates)
Dividend History by Quarter for Royal Bank Of Canada (NYSE RY)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Royal Bank Of Canada (NYSE:RY)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Royal Bank Of Canada (NYSE:RY)
Latest Headlines for Royal Bank Of Canada (NYSE:RY)
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Royal Bank Of Canada (RY) Chart for Monday, October, 23, 2017