NYSE:RY

Royal Bank of Canada Stock Forecast, Price & News

$93.24
-0.80 (-0.85 %)
(As of 04/20/2021 11:16 AM ET)
Add
Compare
Today's Range
$93.22
Now: $93.24
$94.04
50-Day Range
$85.09
MA: $92.09
$94.71
52-Week Range
$57.11
Now: $93.24
$95.14
Volume38,148 shs
Average Volume1.26 million shs
Market Capitalization$132.82 billion
P/E Ratio15.91
Dividend Yield3.58%
Beta0.99
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

Industry, Sector and Symbol

Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone888-212-5533
Employees84,030
Year Founded1864

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$45.54 billion
Cash Flow$8.14 per share
Book Value$42.23 per share

Profitability

Net Income$8.50 billion

Miscellaneous

Outstanding Shares1,424,475,000
Market Cap$132.82 billion
Next Earnings Date5/26/2021 (Estimated)
OptionableOptionable

Headlines

ROCE Insights For ORBCOMM
April 8, 2021 |  feeds.benzinga.com
RBC prepares to welcome 1,400+ summer students
March 30, 2021 |  finance.yahoo.com
Royal Bank of Canada : Publication of a Prospectus
March 13, 2021 |  markets.businessinsider.com
Royal Bank of Canada : Notice to Debentureholders
March 12, 2021 |  markets.businessinsider.com
See More Headlines

MarketRank

Overall MarketRank

2.46 out of 5 stars

Finance Sector

26th out of 1,955 stocks

Commercial Banks, Not Elsewhere Classified Industry

1st out of 73 stocks

Analyst Opinion: 4.4Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
$93.24
-0.80 (-0.85 %)
(As of 04/20/2021 11:16 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive RY News and Ratings via Email

Sign-up to receive the latest news and ratings for RY and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











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

Is Royal Bank of Canada a buy right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 3 hold ratings and 10 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.

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 Wednesday, May 26th 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) posted its quarterly earnings results on Tuesday, February, 23rd. The financial services provider reported $2.69 EPS for the quarter, beating the Zacks' consensus estimate of $1.73 by $0.96. The financial services provider earned $10.06 billion during the quarter, compared to analysts' expectations of $8.95 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 14.84% and a net margin of 18.78%.
View Royal Bank of Canada's earnings history
.

How has Royal Bank of Canada's stock price been impacted by Coronavirus (COVID-19)?

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RY shares have increased by 46.9% and is now trading at $93.87.
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 declared a quarterly dividend on Thursday, February 25th. Stockholders of record on Thursday, April 22nd will be paid a dividend of $0.8576 per share on Friday, May 21st. This represents a $3.43 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Wednesday, April 21st. This is a boost 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 $3.39 per share and currently has a dividend yield of 3.58%. 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 57.17%. 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 47.21% 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 Wall Street analysts have issued twelve-month price targets for Royal Bank of Canada's shares. Their forecasts range from $100.00 to $133.00. On average, they expect Royal Bank of Canada's share price to reach $121.30 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price.
View analysts' price targets for Royal Bank of Canada
or view top-rated stocks among Wall Street analysts.

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

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 number of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.09%), QV Investors Inc. (0.06%), Nexus Investment Management ULC (0.03%), Crossmark Global Holdings Inc. (0.01%), JCIC Asset Management Inc. (0.01%) and Country Club Trust Company n.a. (0.01%).

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 QV Investors Inc., Cardinal Capital Management Inc., Crossmark Global Holdings Inc., Capital Wealth Planning LLC, Nexus Investment Management ULC, Richard P Slaughter Associates Inc, Busey Wealth Management, and Hennessy Advisors Inc..

Which major investors are buying Royal Bank of Canada stock?

RY stock was purchased by a variety of institutional investors in the last quarter, including Chemung Canal Trust Co., Bogart Wealth LLC, International Assets Investment Management LLC, Wambolt & Associates LLC, BHK Investment Advisors LLC, Foundations Investment Advisors LLC, OLD Dominion Capital Management Inc., and FDx Advisors 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 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 $93.87.

How much money does Royal Bank of Canada make?

Royal Bank of Canada has a market capitalization of $133.72 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 84,030 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 4/20/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.