Royal Bank of Canada Stock Forecast, Price & News

$97.84
-0.45 (-0.46 %)
(As of 09/21/2021 04:00 PM ET)
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Today's Range
$97.76
$99.11
50-Day Range
$97.84
$105.68
52-Week Range
$67.78
$106.40
Volume841,812 shs
Average Volume1.13 million shs
Market Capitalization$139.42 billion
P/E Ratio11.69
Dividend Yield3.54%
Beta0.98
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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

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MarketRank

Overall MarketRank

2.76 out of 5 stars

Finance Sector

188th out of 1,332 stocks

Commercial Banks, Not Elsewhere Classified Industry

6th out of 38 stocks

Analyst Opinion: 4.4Community Rank: 4.0Dividend Strength: 3.3Insider 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 analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 3 hold ratings and 9 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.

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 decline in short interest in the month of August. As of August 13th, there was short interest totaling 3,680,000 shares, a decline of 20.7% from the July 29th total of 4,640,000 shares. Based on an average trading volume of 960,800 shares, the days-to-cover ratio is currently 3.8 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, December 1st 2021.
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 earnings results on Tuesday, August, 24th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.16 by $0.84. The financial services provider earned $10.38 billion during the quarter, compared to the consensus estimate of $11.86 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 18.54% and a net margin of 27.06%. During the same period last year, the firm earned $2.20 EPS.
View Royal Bank of Canada's earnings history
.

How has Royal Bank of Canada's stock 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 (WHO). Since then, RY shares have increased by 53.1% and is now trading at $97.84.
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 announced a quarterly dividend on Thursday, August 26th. Shareholders of record on Tuesday, October 26th will be paid a dividend of $0.858 per share on Wednesday, November 24th. This represents a $3.43 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Monday, October 25th.
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 $3.48 per share and currently has a dividend yield of 3.54%. Royal Bank of Canada does not yet have a strong track record of dividend growth. The dividend payout ratio of Royal Bank of Canada is 58.68%. 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 40.14% 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 analysts have issued 12 month target prices for Royal Bank of Canada's stock. Their forecasts range from $100.00 to $148.00. On average, they anticipate Royal Bank of Canada's stock price to reach $135.89 in the next year. This suggests a possible upside of 38.9% 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. 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)
  • 2. 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. " (8/28/2021)

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
  • 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.12%), Mackenzie Financial Corp (2.08%), Bank of Nova Scotia (1.48%), 1832 Asset Management L.P. (1.23%), FMR LLC (1.16%) and CIBC Asset Management Inc (1.06%).

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 Caisse DE Depot ET Placement DU Quebec, Canada Pension Plan Investment Board, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Grantham Mayo Van Otterloo & Co. LLC, CIBC Asset Management Inc, Toronto Dominion Bank, Public Sector Pension Investment Board, and Morgan Stanley.

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 Bank of Nova Scotia, Man Group plc, 1832 Asset Management L.P., Connor Clark & Lunn Investment Management Ltd., Vanguard Group Inc., GQG Partners LLC, Amundi, and Credit Suisse AG.

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 $97.84.

How much money does Royal Bank of Canada make?

Royal Bank of Canada has a market capitalization of $139.42 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 9/22/2021 by MarketBeat.com Staff
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