NYSE:RY

Royal Bank of Canada Stock Forecast, Price & News

$102.29
+0.96 (+0.95 %)
(As of 08/5/2021 01:14 PM ET)
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Today's Range
$101.83
$102.54
50-Day Range
$98.57
$104.67
52-Week Range
$67.78
$104.92
Volume53,102 shs
Average Volume1.18 million shs
Market Capitalization$145.76 billion
P/E Ratio13.53
Dividend Yield1.64%
Beta0.97
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Royal Bank of Canada logo

About Royal Bank of Canada

Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada. The Wealth Management segment offers a comprehensive suite of investment, trust, banking, credit, and other wealth management solutions to institutional and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment comprises of asset services and a provider of cash management, transaction banking, and treasury services to institutional clients worldwide. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. The Corporate Support segment consists of technology and operations services. The company was founded by J. W. Merkell, Edward Kenny, T. C. Kinnear, James B. Duffus, William Cunard, John Tobin, George P. Mitchell and Jeremiah Northup in 1864 and is headquartered in Toronto, Canada.

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MarketRank

Overall MarketRank

2.19 out of 5 stars

Finance Sector

527th out of 1,320 stocks

Commercial Banks, Not Elsewhere Classified Industry

15th out of 38 stocks

Analyst Opinion: 2.4Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Royal Bank of Canada (NYSE:RY) Frequently Asked Questions

Is Royal Bank of Canada a buy right now?

12 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 3 hold ratings and 9 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.

What stocks does MarketBeat like better than Royal Bank of Canada?

Wall Street analysts have given Royal Bank of Canada a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Royal Bank of Canada wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest in July. As of July 15th, there was short interest totaling 4,760,000 shares, an increase of 21.1% from the June 30th total of 3,930,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the days-to-cover ratio is currently 4.4 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 Wednesday, August 25th 2021.
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 Wednesday, August 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Royal Bank of Canada (NYSE:RY) issued its quarterly earnings results on Wednesday, May, 26th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.99 by $0.80. The financial services provider earned $9.23 billion during the quarter, compared to analysts' expectations of $11.97 billion. Royal Bank of Canada had a net margin of 24.73% and a trailing twelve-month return on equity of 17.77%. During the same period in the previous year, the firm posted $1.00 earnings per share.
View Royal Bank of Canada's earnings history
.

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

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RY stock has increased by 60.1% and is now trading at $102.29.
View which stocks have been most impacted by COVID-19
.

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 Friday, May 28th. Investors of record on Monday, July 26th will be given a dividend of $0.8915 per share on Tuesday, August 24th. This represents a $3.57 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, July 23rd. This is an increase from Royal Bank of Canada's previous quarterly dividend of $0.86.
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 $1.66 per share and currently has a dividend yield of 1.64%. The dividend payout ratio of Royal Bank of Canada is 27.99%. 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 18.74% 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?

12 brokerages have issued twelve-month target prices for Royal Bank of Canada's shares. Their forecasts range from $100.00 to $140.00. On average, they anticipate Royal Bank of Canada's stock price to reach $126.21 in the next year. This suggests a possible upside of 23.4% 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:
  • David Ian McKay, President, Chief Executive Officer & Director
  • Bruce Ross, Group Head-Technology & Operations
  • Rod Bolger, Chief Financial Officer
  • Foteini Agrafioti, Chief Science Officer
  • William Onuwa, Chief Audit Executive & Executive Vice President

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 The Toronto-Dominion Bank (TD), AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Bank of America (BAC), The Bank of Nova Scotia (BNS), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and The 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 retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.27%), Letko Brosseau & Associates Inc. (0.17%), Alliancebernstein L.P. (0.13%), Cardinal Capital Management Inc. (0.09%), Russell Investments Group Ltd. (0.09%) and Addenda Capital Inc. (0.08%).

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 Sumitomo Mitsui Trust Holdings Inc., Letko Brosseau & Associates Inc., Addenda Capital Inc., Scheer Rowlett & Associates Investment Management Ltd., Zurcher Kantonalbank Zurich Cantonalbank , QV Investors Inc., K.J. Harrison & Partners Inc, and Creative Planning.

Which institutional investors are buying Royal Bank of Canada stock?

RY stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Alliancebernstein L.P., Unigestion Holding SA, Clark Capital Management Group Inc., DekaBank Deutsche Girozentrale, Live Oak Private Wealth LLC, Hillsdale Investment Management Inc., and Cutler Group LP.

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 $102.29.

How much money does Royal Bank of Canada make?

Royal Bank of Canada has a market capitalization of $145.76 billion and generates $45.54 billion in revenue each year. The financial services provider earns $8.50 billion in net income (profit) each year or $5.93 on an earnings per share basis.

How many employees does Royal Bank of Canada have?

Royal Bank of Canada employs 83,842 workers across the globe.

Does Royal Bank of Canada have any subsidiaries?

The following companies are subsidiares of Royal Bank of Canada: BlueBay Asset Management, BlueBay Asset Management (Services) Ltd, Capital Funding Alberta Limited, City Holding, City National Corporation, Investment Holdings (Cayman) Limited, Mourant Private Wealth, R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Bank (Georgia) National Association, RBC Capital Markets LLC, RBC Capital Trust, RBC Caribbean Investments Limited, RBC Covered Bond Guarantor Limited Partnership, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Finance S.à r.l./B.V., RBC Financial (Caribbean) Limited, RBC Global Asset Management (U.S.) Inc., RBC Global Asset Management Inc., RBC Holdings (Barbados) Ltd., RBC Holdings (Channel Islands) Limited, RBC Holdings (Luxembourg) S.A R.L., RBC Insurance Company of Canada, RBC Insurance Holdings Inc., RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC Phillips Hager & North Investment Counsel Inc., RBC USA Holdco Corporation, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada (Channel Islands) Limited, Royal Bank of Canada Insurance Company Ltd., Royal Mutual Funds Inc., Royal Trust Corporation of Canada, The Royal Trust Company, and WayPay.

When was Royal Bank of Canada founded?

Royal Bank of Canada was founded in 1864.

What is Royal Bank of Canada's official website?

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

Where are Royal Bank of Canada's headquarters?

Royal Bank of Canada is headquartered at 200 BAY STREET, TORONTO A6, M5J2J5.

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 8/5/2021 by MarketBeat.com Staff
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