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NYSE:RYRoyal Bank of Canada Stock Price, Forecast & News

$68.48
+1.32 (+1.97 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$67.03
Now: $68.48
$68.51
50-Day Range
$58.87
MA: $67.17
$71.92
52-Week Range
$49.55
Now: $68.48
$82.74
Volume665,600 shs
Average Volume914,396 shs
Market Capitalization$97.47 billion
P/E Ratio11.67
Dividend Yield4.49%
Beta0.89
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. It also provides lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, and trade products and services to small and medium-sized commercial businesses. In addition, this segment offers international financing and trade promotion services through branches, automated teller machines, and online and mobile banking. The company's Wealth Management provides investment, trust, banking, credit, and other wealth management solutions to high and ultra-high net worth clients; and asset management products to institutional and individual clients through its distribution channels and third-party distributors. Its Insurance segment offers life, health, home, auto, travel, wealth, annuities, and reinsurance advice and solutions; and creditor and business insurance services to individual, business, and group clients through its field sales force, advice centers, and online, as well as through independent insurance advisors and affinity relationships. The company's Investor & Treasury Services segment provides asset, cash management, transaction banking, and treasury services to institutional clients; correspondent banking and trade finance services for financial institutions; and short-term funding and liquidity management services. Its Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, sale, and trading services for corporations, institutional investors, asset managers, governments, and central banks. The company was founded in 1864 and is headquartered in Toronto, Canada.
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Royal Bank of Canada logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.51 out of 5 stars


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$50.86 billion
Cash Flow$7.89 per share
Book Value$40.98 per share

Profitability

Net Income$9.68 billion

Miscellaneous

Employees82,801
Outstanding Shares1,423,360,000
Market Cap$97.47 billion
Next Earnings Date8/19/2020 (Estimated)
OptionableOptionable

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

How has Royal Bank of Canada's stock been impacted by COVID-19 (Coronavirus)?

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RY stock has increased by 7.2% and is now trading at $68.48. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Royal Bank of Canada?

11 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, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Royal Bank of Canada.

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

Royal Bank of Canada is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Royal Bank of Canada.

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

Royal Bank of Canada (NYSE:RY) announced its quarterly earnings data on Wednesday, May, 27th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.13 by $0.36. The financial services provider had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $8.15 billion. Royal Bank of Canada had a net margin of 17.51% and a return on equity of 15.03%. 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 declared a quarterly dividend on Thursday, May 28th. Investors of record on Monday, July 27th will be paid a dividend of $0.7839 per share on Monday, August 24th. This represents a $3.14 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Friday, July 24th. View Royal Bank of Canada's dividend history.

What price target have analysts set for RY?

11 brokers have issued 12-month target prices for Royal Bank of Canada's shares. Their forecasts range from $69.00 to $120.00. On average, they expect Royal Bank of Canada's stock price to reach $97.11 in the next twelve months. This suggests a possible upside of 41.8% from the stock's current price. View analysts' price targets for Royal Bank of Canada.

Has Royal Bank of Canada been receiving favorable news coverage?

News headlines about RY stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Royal Bank of Canada earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Royal Bank of Canada.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 6,850,000 shares, a drop of 9.6% from the June 15th total of 7,580,000 shares. Based on an average daily trading volume, of 1,450,000 shares, the short-interest ratio is presently 4.7 days. Approximately 0.5% of the shares of the company are short sold. 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), AT&T (T), Bank of Nova Scotia (BNS), AbbVie (ABBV), Bank of America (BAC), Pfizer (PFE), Verizon Communications (VZ), Walt Disney (DIS), General Electric (GE) and Johnson & Johnson (JNJ).

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 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)

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 retail and institutional investors. Top institutional investors include Addenda Capital Inc. (0.09%), Nexus Investment Management ULC (0.03%), Hexavest Inc. (0.02%), Envestnet Asset Management Inc. (0.01%), Carroll Financial Associates Inc. (0.00%) and Richard P Slaughter Associates Inc (0.00%).

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 Cardinal Capital Management Inc., Hexavest Inc., Addenda Capital Inc., Nexus Investment Management ULC, Gradient Investments LLC, and Carroll Financial Associates 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 Envestnet Asset Management Inc., Chemung Canal Trust Co., Richard P Slaughter Associates Inc, Cypress Capital Group, and Cox Capital Mgt LLC.

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 $68.48.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $97.47 billion and generates $50.86 billion in revenue each year. The financial services provider earns $9.68 billion in net income (profit) each year or $6.69 on an earnings per share basis. Royal Bank of Canada employs 82,801 workers across the globe.

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 or via email at [email protected]

This page was last updated on 7/12/2020 by MarketBeat.com Staff

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