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NYSE:RY

Royal Bank of Canada Stock Forecast, Price & News

$85.12
-0.46 (-0.54 %)
(As of 01/15/2021 03:05 PM ET)
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Compare
Today's Range
$84.29
Now: $85.12
$85.19
50-Day Range
$80.13
MA: $82.71
$85.44
52-Week Range
$49.55
Now: $85.12
$86.14
Volume20,317 shs
Average Volume703,869 shs
Market Capitalization$121.20 billion
P/E Ratio14.63
Dividend Yield3.79%
Beta0.94
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients. The company's 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. Its 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. The company's 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. Royal Bank of Canada has a strategic partnership with Royal College Of Physicians & Surgeons Of Canada to support the needs of Canada's medical specialists. The company was founded in 1864 and is headquartered in Toronto, Canada.
Royal Bank of Canada logo

MarketRank

Overall MarketRank

2.25 out of 5 stars

Finance Sector

94th out of 1,651 stocks

Commercial Banks, Not Elsewhere Classified Industry

3rd out of 69 stocks

Analyst Opinion: 3.3Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone888-212-5533
Employees83,842

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$50.86 billion
Cash Flow$9.20 per share
Book Value$40.98 per share

Profitability

Net Income$9.68 billion

Miscellaneous

Outstanding Shares1,423,861,000
Market Cap$121.20 billion
Next Earnings Date2/18/2021 (Estimated)
OptionableOptionable
$85.12
-0.46 (-0.54 %)
(As of 01/15/2021 03:05 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 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 33.0% and is now trading at $85.00.
View which stocks have been most impacted by COVID-19
.

Is Royal Bank of Canada a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 5 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 MarketBeat's top 5 stock picks.

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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Royal Bank of Canada wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Royal Bank of Canada's next earnings date?

Royal Bank of Canada is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 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) released its earnings results on Tuesday, December, 1st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.73. The financial services provider earned $11.09 billion during the quarter, compared to analysts' expectations of $11.45 billion. Royal Bank of Canada had a net margin of 17.78% and a return on equity of 14.86%. Royal Bank of Canada's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.18 EPS.
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 2nd. Investors of record on Tuesday, January 26th will be paid a dividend of $0.811 per share on Wednesday, February 24th. This represents a $3.24 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Monday, January 25th. This is an increase from Royal Bank of Canada's previous quarterly dividend of $0.81.
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 $3.24 per share and currently has a dividend yield of 3.79%. Royal Bank of Canada does not yet have a strock track record of dividend growth. The dividend payout ratio of Royal Bank of Canada is 48.43%. 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 51.02% 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?

13 analysts have issued 12-month price objectives for Royal Bank of Canada's shares. Their forecasts range from $69.00 to $128.00. On average, they expect Royal Bank of Canada's stock price to reach $106.24 in the next year. This suggests a possible upside of 25.0% from the stock's current price.
View analysts' price targets for Royal Bank of Canada
or view Wall Street analyst' top-rated stocks.

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).

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 58)
  • Mr. Rod Bolger, Chief Financial Officer
  • Mr. Douglas Antony Guzman, Group Head of Wealth Management, Insurance and Investor & Treasury Services
  • Mr. Neil McLaughlin, Group Head of Personal & Commercial Banking
  • Mr. Bruce Ross, Group Head of Technology & Operations
  • Ms. Gay Mitchell, Deputy Chairman of RBC Wealth Management
  • Mr. Christoph Knoess, Chief Admin. & Strategy Officer
  • Ms. Nadine Ahn, Sr. VP of Wholesale Fin. & Investor Relations
  • Mr. David Onorato, Gen. Counsel
  • Ms. Amy Cairncross, Sr. VP of Communications

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 number of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.09%), Nexus Investment Management ULC (0.03%), Donaldson Capital Management LLC (0.02%), Crossmark Global Holdings Inc. (0.01%), Carroll Financial Associates Inc. (0.00%) and First American Bank (0.00%).

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 Pinnacle Financial Partners Inc., Cardinal Capital Management Inc., Crossmark Global Holdings Inc., Chemung Canal Trust Co., First American Bank, First Citizens Bank & Trust Co., Gradient Investments LLC, and Carroll Financial Associates 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 Cox Capital Mgt LLC, and Nexus Investment Management ULC.

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.

What is Royal Bank of Canada's stock price today?

One share of RY stock can currently be purchased for approximately $85.00.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $121.03 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 83,842 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 1/15/2021 by MarketBeat.com Staff

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