S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
The single greatest medical breakthrough of all time? (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
The single greatest medical breakthrough of all time? (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
The single greatest medical breakthrough of all time? (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
The single greatest medical breakthrough of all time? (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
NYSE:RY

Royal Bank of Canada - RY Stock Forecast, Price & News

$100.26
+0.48 (+0.48%)
(As of 12/1/2022 12:00 AM ET)
Add
Compare
Today's Range
$98.95
$100.96
50-Day Range
$85.51
$100.90
52-Week Range
$83.63
$119.41
Volume
810,727 shs
Average Volume
1.03 million shs
Market Capitalization
$138.98 billion
P/E Ratio
11.56
Dividend Yield
3.71%
Price Target
$139.71

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
39.7% Upside
$140.09 Price Target
Short Interest
Healthy
1.69% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.00mentions of Royal Bank of Canada in the last 14 days
Based on 42 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.78%
From $8.31 to $8.79 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Finance Sector

260th out of 912 stocks

Commercial Banks, Not Elsewhere Classified Industry

10th out of 36 stocks

RY stock logo

About Royal Bank of Canada (NYSE:RY) Stock

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, including auto financing, 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 business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital, mobile, and social platforms; independent brokers; and travel partners. Its Investor & Treasury Services segment provides asset servicing, custody, payments, and treasury services to financial and other investors; and fund and investment administration, shareholder, private capital, performance measurement and compliance monitoring, distribution, transaction banking, cash and liquidity management, foreign exchange, and global securities finance services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, advisory services, sale, and trading services for corporations, institutional investors, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

Receive RY Stock News and Ratings via Email

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

RY Stock News Headlines

Chesapeake Energy Focus on Natural Gas Leads to Strong Results (RY)
Demand for natural gas is expected to remain high and that means that despite being up 61% this year, there's still time to scoop up some shares of CHK stock
Analysts Set Royal Bank of Canada (NYSE:RY) PT at $139.54
Royal Bank of Canada to buy HSBC Canada for $10.1B
Royal Bank of Canada to acquire HSBC Bank Canada for C$13.5B
OPEC+ Changes Its Dec. 4 Meeting Into Online Gathering
: HSBC sells Canada unit to RBC in megabank deal
RBC Capital Reiterates Outperform Rating on RWE
Landsec PT Raised to GBP5.75 at RBC Capital
Capita Plc. PT Lowered to GBP0.40 at RBC Capital
See More Headlines
Receive RY Stock News and Ratings via Email

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

RY Company Calendar

Last Earnings
8/24/2021
Ex-Dividend for 11/24 Dividend
10/25/2022
Dividend Payable
11/24/2022
Today
12/01/2022
Next Earnings (Estimated)
2/22/2023
Fiscal Year End
10/31/2023

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
85,301
Year Founded
1896

Price Target and Rating

Average Stock Price Forecast
$140.09
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$118.00
Forecasted Upside/Downside
+39.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
8 Analysts

Profitability

Net Income
$12.76 billion
Pretax Margin
33.58%

Debt

Sales & Book Value

Annual Sales
$45.99 billion
Cash Flow
$10.70 per share
Book Value
$51.40 per share

Miscellaneous

Outstanding Shares
1,386,182,000
Free Float
N/A
Market Cap
$138.98 billion
Optionable
Optionable
Beta
0.82

Social Links


Key Executives

  • Mr. David I. McKayMr. David I. McKay (Age 59)
    Pres, CEO & Director
    Comp: $4.23M
  • Mr. Neil McLaughlin
    Group Head of Personal & Commercial Banking
  • Mr. Douglas Antony Guzman
    Group Head of Wealth Management, Insurance, Investor & Treasury Services
  • Mr. Derek Neldner CFAMr. Derek Neldner CFA
    Group Head & CEO of RBC Capital Markets
  • Ms. Nadine Ahn (Age 51)
    Chief Financial Officer
  • Mr. Bruce Ross
    Group Head of Technology & Operations
  • Ms. Gay Mitchell
    Deputy Chairman of RBC Wealth Management
  • Mr. Christoph Knoess
    Chief Admin. & Strategy Officer
  • Mr. Asim Imran
    VP & Head of Investor Relations
  • Ms. Maria Douvas
    Chief Legal Officer













RY Stock - Frequently Asked Questions

Should I buy or sell Royal Bank of Canada stock right now?

11 Wall Street equities 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 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RY shares.
View RY analyst ratings
or view top-rated stocks.

What is Royal Bank of Canada's stock price forecast for 2023?

11 brokerages have issued 12-month target prices for Royal Bank of Canada's stock. Their RY share price forecasts range from $118.00 to $150.00. On average, they predict the company's share price to reach $140.33 in the next year. This suggests a possible upside of 40.0% from the stock's current price.
View analysts price targets for RY
or view top-rated stocks among Wall Street analysts.

How have RY shares performed in 2022?

Royal Bank of Canada's stock was trading at $106.14 on January 1st, 2022. Since then, RY shares have decreased by 5.5% and is now trading at $100.26.
View the best growth stocks for 2022 here
.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a drop in short interest in November. As of November 15th, there was short interest totaling 23,610,000 shares, a drop of 27.1% from the October 31st total of 32,380,000 shares. Based on an average trading volume of 751,500 shares, the days-to-cover ratio is presently 31.4 days. Currently, 1.7% of the shares of the company are short sold.
View Royal Bank of Canada's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our RY earnings forecast
.

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 analysts' consensus estimates of $2.16 by $0.84. The financial services provider earned $10.38 billion during the quarter, compared to analysts' expectations of $11.86 billion. Royal Bank of Canada had a net margin of 26.29% and a trailing twelve-month return on equity of 16.85%. During the same period in the prior year, the firm earned $2.20 earnings per share.

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 Wednesday, November 30th. Investors of record on Thursday, January 26th will be paid a dividend of $0.9832 per share on Friday, February 24th. This represents a $3.93 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Wednesday, January 25th.
Read our dividend analysis for RY
.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $3.70 per share and currently has a dividend yield of 3.71%. The dividend payout ratio is 42.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 42.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RY.

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.65%), TD Asset Management Inc. (2.02%), Mackenzie Financial Corp (2.00%), Toronto Dominion Bank (1.33%), CIBC Asset Management Inc (0.91%) and Beutel Goodman & Co Ltd. (0.80%).

How do I buy shares of Royal Bank of Canada?

Shares of RY stock 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 $100.26.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (NYSE:RY) has a market capitalization of $138.98 billion and generates $45.99 billion in revenue each year. The financial services provider earns $12.76 billion in net income (profit) each year or $8.67 on an earnings per share basis.

How many employees does Royal Bank of Canada have?

The company employs 85,301 workers across the globe.

Does Royal Bank of Canada have any subsidiaries?
The following companies are subsidiares of Royal Bank of Canada: Abacus Financial Services Group Limited, Admiralty Bancorp Inc., Alabama National BanCorporation, American Guaranty & Trust, BlueBay Asset Management, Business Men’s Assurance Company, Capital Funding Alberta Limited, Centura Banks Inc., City National Bank, City National Corporation, Credit Suisse Private Banking North America, Dain Rauscher, Daniels & Associates L.P., Eagle Bancshares Inc., Ferris Baker Watts Incorporated, Flag Financial Corporation, Investment Holdings (Cayman) Limited, J.B. Hanauer & Co., Liberty Insurance Services Corporation, Liberty Life Insurance Company, Mourant Private Wealth, Phillips Hager & North Investment Management Ltd., Prism Financial, Provident Financial Group Inc., R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Capital Markets LLC, RBC Caribbean Investments Limited, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Global Asset Management Inc., RBC Insurance Holdings Inc., RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC U.S. Group Holdings LLC, RBC USA Holdco Corporation, RBTT Financial Group, Richardson Barr & Co., Richardson Greenshields, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada Insurance Company Ltd., Royal Trust, Royal Trust Corporation of Canada, Seasongood & Mayer LLC, Security First Network Bank, Sterling Capital Mortgage Company, The Royal Trust Company, Tucker Anthony Sutro Corporation, Voyageur Insurance Company, WayPay, Westbury Canadian Life Insurance Company, and William R. Hough & Co. Inc..
Read More
How can I contact Royal Bank of Canada?

Royal Bank of Canada's mailing address is 200 BAY STREET, TORONTO A6, M5J2J5. The official website for the company is www.rbc.com. The financial services provider can be reached via phone at (888) 212-5533, via email at invesrel@rbc.com, or via fax at 416-955-7800.

This page (NYSE:RY) was last updated on 12/2/2022 by MarketBeat.com Staff