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

$73.42
+1.39 (+1.93 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$72.90
Now: $73.42▼
$73.90
50-Day Range
$66.68
MA: $69.32▼
$73.42
52-Week Range
$49.55
Now: $73.42▼
$82.74
Volume819,700 shs
Average Volume1.36 million shs
Market Capitalization$104.50 billion
P/E Ratio12.51
Dividend Yield4.34%
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

Stock Exchange NYSE
Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:RY
Previous Symbol
CUSIPN/A
CIK1000275
Webwww.rbc.com
Phone888-212-5533

Debt

Debt-to-Equity Ratio0.12
Current Ratio0.87
Quick Ratio0.87

Price-To-Earnings

Trailing P/E Ratio12.51
Forward P/E Ratio14.26
P/E Growth2.67

Sales & Book Value

Annual Sales$50.86 billion
Price / Sales2.05
Cash Flow$8.12 per share
Price / Cash Flow9.04
Book Value$40.98 per share
Price / Book1.79

Profitability

EPS (Most Recent Fiscal Year)$6.69
Net Income$9.68 billion
Net Margins17.51%
Return on Equity15.03%
Return on Assets0.78%

Miscellaneous

Employees82,801
Outstanding Shares1,423,365,000
Market Cap$104.50 billion
Next Earnings Date8/26/2020 (Confirmed)
OptionableOptionable
$73.42
+1.39 (+1.93 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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

How has Royal Bank of Canada's stock price 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 shares have increased by 14.9% and is now trading at $73.42.
View which stocks have been most impacted by COVID-19.

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 26th 2020.
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 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Royal Bank of Canada (NYSE:RY) released its quarterly earnings data on Wednesday, May, 27th. The financial services provider reported $0.77 earnings per share 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 return on equity of 15.03% and a net margin of 17.51%.
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 given a dividend of $0.7839 per share on Monday, August 24th. This represents a $3.14 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Friday, July 24th.
View Royal Bank of Canada's dividend history.

What price target have analysts set for RY?

11 analysts have issued 12 month price targets 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 share price to reach $97.11 in the next year. This suggests a possible upside of 32.3% 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?

Headlines about RY stock have trended extremely negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by reviewing 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 positive five, with scores closest to five being the most favorable. Royal Bank of Canada earned a media sentiment score of -4.1 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term.
View the latest news about Royal Bank of Canada.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest in April. As of April 30th, there was short interest totaling 7,850,000 shares, an increase of 15.1% from the April 15th total of 6,820,000 shares. Based on an average daily trading volume, of 1,730,000 shares, the short-interest ratio is currently 4.5 days. Currently, 0.6% of the shares of the company are sold short.
View Royal Bank of Canada's Short Interest.

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

Some companies that are related to Royal Bank of Canada include HDFC Bank (HDB), Toronto-Dominion Bank (TD), BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Westpac Banking (WBK), Sumitomo Mitsui Financial Grp (SMFG), Banco Santander (SAN), ANZ (ANZBY), Bank of Montreal (BMO), ICICI Bank (IBN), Canadian Imperial Bank of Commerce (CM), ING Groep (ING), NORDEA Bk AB SW/S (NRDBY), Boc Hong Kong (BHKLY) and CR AGRICOLE S A/ADR (CRARY).
View all 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), AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Bank of Nova Scotia (BNS), Cisco Systems (CSCO), Pfizer (PFE), Bank of America (BAC), Verizon Communications (VZ) and JPMorgan Chase & Co. (JPM).

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 a variety of retail and institutional investors. Top institutional shareholders include Bank of Nova Scotia (1.77%), CIBC Asset Management Inc (1.00%), Scotia Capital Inc. (0.50%), Jarislowsky Fraser Ltd (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.37%) and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp (0.27%).

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 Toronto Dominion Bank, Goldman Sachs Group Inc., Cardinal Capital Management Inc., Jarislowsky Fraser Ltd, Hexavest Inc., Alberta Investment Management Corp, Ensign Peak Advisors Inc, and Raymond James Financial Services Advisors 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 CIBC Asset Management Inc, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, QV Investors Inc., Montrusco Bolton Investments Inc., Value Partners Investments Inc., Twin Tree Management LP, Scotia Capital Inc., and Intact Investment Management Inc..

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 $73.42.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $104.50 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 8/13/2020 by MarketBeat.com Staff
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