S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
NYSE:RY

Royal Bank of Canada Stock Forecast, Price & News

$117.33
+1.07 (+0.92%)
(As of 01/14/2022 12:00 AM ET)
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Today's Range
$115.36
$117.34
50-Day Range
$98.01
$117.33
52-Week Range
$80.53
$117.34
Volume
1.66 million shs
Average Volume
1.33 million shs
Market Capitalization
$167.23 billion
P/E Ratio
13.32
Dividend Yield
2.90%
Beta
0.99
30 days | 90 days | 365 days | Advanced Chart
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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

Headlines

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Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
85,301
Year Founded
1864

Sales & Book Value

Annual Sales
$45.99 billion
Cash Flow
$10.50 per share
Book Value
$51.38 per share

Profitability

Net Income
$12.76 billion
Pretax Margin
35.67%

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares
1,425,279,000
Free Float
N/A
Market Cap
$167.23 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 11/24 Dividend
10/25/2021
Dividend Payable
11/24/2021
Last Earnings
12/01/2021
Today
1/17/2022
Ex-Dividend for 2/24 Dividend
1/25/2022
Next Earnings (Estimated)
2/23/2022
Dividend Payable
2/24/2022
Fiscal Year End
10/31/2022

Social Links


MarketRank

Overall MarketRank

2.38 out of 5 stars

Finance Sector

333rd out of 1,329 stocks

Commercial Banks, Not Elsewhere Classified Industry

5th out of 35 stocks

Analyst Opinion: 3.3Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -












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

Is Royal Bank of Canada a buy right now?

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, 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Royal Bank of Canada stock.
View analyst ratings for Royal Bank of Canada
or view top-rated stocks.

How has Royal Bank of Canada's stock price been impacted by Coronavirus?

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RY shares have increased by 83.6% and is now trading at $117.33.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest in November. As of November 30th, there was short interest totaling 5,610,000 shares, an increase of 22.5% from the November 15th total of 4,580,000 shares. Based on an average trading volume of 1,130,000 shares, the short-interest ratio is currently 5.0 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, February 23rd 2022.
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) posted its quarterly earnings results on Wednesday, December, 1st. The financial services provider reported $2.16 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.24 by $0.08. The financial services provider had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.10 billion. Royal Bank of Canada had a net margin of 27.76% and a trailing twelve-month return on equity of 18.57%.
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 Wednesday, December 1st. Stockholders of record on Wednesday, January 26th will be given a dividend of $0.939 per share on Thursday, February 24th. This represents a $3.76 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Tuesday, January 25th. This is a positive change 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 $3.40 per share and currently has a dividend yield of 2.90%. Royal Bank of Canada has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Royal Bank of Canada is 38.59%. 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 37.04% 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?

11 Wall Street analysts have issued 1 year target prices for Royal Bank of Canada's stock. Their forecasts range from $100.00 to $150.00. On average, they anticipate Royal Bank of Canada's share price to reach $137.52 in the next twelve months. This suggests a possible upside of 17.2% from the stock's current price.
View analysts' price targets for Royal Bank of Canada
or view top-rated stocks among Wall Street analysts.

What are Wall Street analysts saying about Royal Bank of Canada stock?

Here are some recent quotes from research analysts about Royal Bank of Canada stock:
  • 1. According to Zacks Investment Research, "ROYAL BANK of Canada operate under the master brand name of RBC. They are Canada's largest bank as measured by assets and market capitalization, and one of North America's leading diversified financial services companies. They provide personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. They have employee approximately Seventy Thousant full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 36 other countries. " (12/7/2021)
  • 2. Fundamental Research analysts commented, "Fundamental Research Corp has issued a report entitled “Canadian Banks (TSX: RY / TD / BNS / BMO / CM) - Valuation Metrics Still 6% Below Pre-Pandemic Levels” and dated August 31, 2021. The full report is now at www.researchfrc.com." (9/1/2021)

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
  • Nadine Ahn, Chief Financial Officer
  • Foteini Agrafioti, Chief Science Officer
  • William Onuwa, Chief Audit Executive & Executive Vice President

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).

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 institutional and retail investors. Top institutional investors include Addenda Capital Inc. (0.06%), Value Partners Investments Inc. (0.04%), Nexus Investment Management ULC (0.03%), Crossmark Global Holdings Inc. (0.01%), Rempart Asset Management Inc. (0.01%) and Chemung Canal Trust Co. (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 Addenda Capital Inc., Value Partners Investments Inc., Carroll Financial Associates Inc., Crossmark Global Holdings Inc., Rempart Asset Management Inc., Chemung Canal Trust Co., Richard P Slaughter Associates Inc, and Gradient Investments LLC.

Which major investors are buying Royal Bank of Canada stock?

RY stock was bought by a variety of institutional investors in the last quarter, including Dixon Hubard Feinour & Brown Inc. VA, KMG Fiduciary Partners LLC, Stratos Wealth Partners LTD., Five Oceans Advisors, Wedmont Private Capital, Pacifica Partners Inc., Nexus Investment Management ULC, and Enterprise Bank & Trust Co.

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 $117.33.

How much money does Royal Bank of Canada make?

Royal Bank of Canada has a market capitalization of $167.23 billion and generates $45.99 billion in revenue each year. The financial services provider earns $12.76 billion in net income (profit) each year or $8.81 on an earnings per share basis.

How many employees does Royal Bank of Canada have?

Royal Bank of Canada employs 85,301 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, via email at [email protected], or via fax at 416-955-7800.


This page was last updated on 1/17/2022 by MarketBeat.com Staff

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