Royal Bank of Canada Stock Forecast, Price & News

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

Is Royal Bank of Canada a buy right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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.

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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RY stock has increased by 57.0% and is now trading at $100.34.
View which stocks have been most impacted by COVID-19.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a decline in short interest during the month of October. As of October 29th, there was short interest totaling 4,270,000 shares, a decline of 18.4% from the October 14th total of 5,230,000 shares. Based on an average trading volume of 984,200 shares, the days-to-cover ratio is presently 4.3 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) announced its quarterly earnings data on Tuesday, August, 24th. The financial services provider reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.84. The financial services provider earned $10.38 billion during the quarter, compared to analyst estimates of $11.86 billion. Royal Bank of Canada had a net margin of 27.06% and a trailing twelve-month return on equity of 18.54%. During the same quarter last year, the company posted $2.20 earnings per share.
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. Investors 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 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Tuesday, January 25th. 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 $3.40 per share and currently has a dividend yield of 3.47%. 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 40.62%. 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 39.04% 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?

12 brokers have issued 12-month price objectives for Royal Bank of Canada's shares. Their forecasts range from $100.00 to $150.00. On average, they expect Royal Bank of Canada's share price to reach $137.81 in the next year. This suggests a possible upside of 37.3% 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. " (12/1/2021)
• 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

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

Some companies that are related to Royal Bank of Canada include Toronto-Dominion Bank (TD), HDFC Bank (HDB), Commonwealth Bank of Australia (CMWAY), BNP Paribas (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Bank of Montreal (BMO), ICICI Bank (IBN), Banco Santander (SAN), Australia and New Zealand Banking Group (ANZBY), ING Groep (ING), Westpac Banking (WBK), Canadian Imperial Bank of Commerce (CM), Nordea Bank Abp (NRDBY), Sumitomo Mitsui Financial Group (SMFG) and Lloyds Banking Group (LYG).
View all of RY's 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), 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 retail and institutional investors. Top institutional investors include TD Asset Management Inc. (2.09%), Mackenzie Financial Corp (2.05%), FIL Ltd (1.99%), CIBC Asset Management Inc (1.06%), Toronto Dominion Bank (0.99%) and The Manufacturers Life Insurance Company (0.93%).

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 Caisse DE Depot ET Placement DU Quebec, Man Group plc, Healthcare of Ontario Pension Plan Trust Fund, Connor Clark & Lunn Investment Management Ltd., AGF Investments Inc., Credit Suisse AG, Mackenzie Financial Corp, and Intact Investment Management 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 GQG Partners LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, The Manufacturers Life Insurance Company , Bank of Nova Scotia, FIL Ltd, Millennium Management LLC, Geode Capital Management LLC, and Deutsche Bank 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 $100.34.

How much money does Royal Bank of Canada make?

Royal Bank of Canada has a market capitalization of $143.00 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 $8.37 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, via email at [email protected], or via fax at 416-955-7800.