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Royal Bank of Canada Stock Price, Forecast & Analysis (NYSE:RY)

$82.26
+0.49 (+0.60 %)
(As of 11/17/2019 12:59 PM ET)
Today's Range
$81.71
Now: $82.26
$82.27
50-Day Range
$78.66
MA: $80.97
$82.55
52-Week Range
$65.76
Now: $82.26
$82.58
Volume612,651 shs
Average Volume774,655 shs
Market Capitalization$117.88 billion
P/E Ratio12.60
Dividend Yield3.88%
Beta1.12
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals. Read More…

Industry, Sector and Symbol

Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone888-212-5533

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$43.93 billion
Cash Flow$7.51 per share
Book Value$39.75 per share

Profitability

Net Income$9.64 billion

Miscellaneous

Employees81,870
Outstanding Shares1,432,970,000
Market Cap$117.88 billion
Next Earnings Date12/4/2019 (Confirmed)
OptionableOptionable

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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 declared a quarterly dividend on Wednesday, August 21st. Investors of record on Thursday, October 24th will be given a dividend of $0.796 per share on Friday, November 22nd. This represents a $3.18 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Wednesday, October 23rd. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $0.76. 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 share repurchase program on Monday, February 26th 2018, which allows the company to repurchase 30,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

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

Royal Bank of Canada (NYSE:RY) issued its earnings results on Wednesday, August, 21st. The financial services provider reported $1.69 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.73 by $0.04. The financial services provider had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.56 billion. Royal Bank of Canada had a net margin of 19.66% and a return on equity of 17.18%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.10 EPS. 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 4th 2019. 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, December 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for RY?

8 Wall Street analysts have issued 1 year target prices for Royal Bank of Canada's stock. Their forecasts range from $89.00 to $111.00. On average, they expect Royal Bank of Canada's stock price to reach $103.67 in the next twelve months. This suggests a possible upside of 26.0% 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?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Royal Bank of Canada.

Has Royal Bank of Canada been receiving favorable news coverage?

Press coverage about RY stock has been trending very positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Royal Bank of Canada earned a news sentiment score of 3.3 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Royal Bank of Canada.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,850,000 shares, an increase of 35.7% from the September 30th total of 4,310,000 shares. Based on an average daily volume of 977,500 shares, the short-interest ratio is currently 6.0 days. Approximately 0.4% of the company's shares are sold short. View Royal Bank of Canada's Current Options Chain.

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

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), Bank of Nova Scotia (BNS), AT&T (T), General Electric (GE), AbbVie (ABBV), Cisco Systems (CSCO), Bank of America (BAC), Intel (INTC), Johnson & Johnson (JNJ) and Pfizer (PFE).

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 56)
  • Mr. Rod Bolger, Chief Financial Officer
  • Ms. Jennifer Tory, Chief Admin. Officer
  • Mr. Douglas A. Guzman, Group Head of Wealth Management & Insurance
  • Mr. A. Douglas McGregor, Group Head of Capital Markets, Investor & Treasury Services (Age 62)

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 Beutel Goodman & Co Ltd. (1.26%), Great West Life Assurance Co. Can (0.86%), CIBC Asset Management Inc (0.85%), Letko Brosseau & Associates Inc. (0.36%), Sumitomo Mitsui Trust Holdings Inc. (0.36%) and Alberta Investment Management Corp (0.31%).

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 CIBC Asset Management Inc, Assenagon Asset Management S.A., Artemis Investment Management LLP, Greystone Managed Investments Inc., Russell Investments Group Ltd., Heathbridge Capital Management Ltd., Marathon Asset Management LLP and Letko Brosseau & Associates Inc..

Which institutional investors are buying Royal Bank of Canada stock?

RY stock was purchased by a variety of institutional investors in the last quarter, including QV Investors Inc., State of Tennessee Treasury Department, Beutel Goodman & Co Ltd., Alberta Investment Management Corp, Donaldson Capital Management LLC, Waratah Capital Advisors Ltd., First Trust Advisors LP and Zurcher Kantonalbank Zurich Cantonalbank.

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, Robinhood, 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 $82.26.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $117.88 billion and generates $43.93 billion in revenue each year. The financial services provider earns $9.64 billion in net income (profit) each year or $6.53 on an earnings per share basis. Royal Bank of Canada employs 81,870 workers across the globe.View Additional Information About Royal Bank of Canada.

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 200 BAY STREET, TORONTO A6, M5J2J5. The financial services provider can be reached via phone at 888-212-5533 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:  549 (Thanks for Voting!)
Underperform Votes:  745 (Thanks for Voting!)
Total Votes:  1,294
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 11/17/2019 by MarketBeat.com Staff

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