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S&P 500   3,585.62
DOW   28,725.51
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Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
The 3-Stock Retirement Blueprint (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
The 3-Stock Retirement Blueprint (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
India launches 5G services, Modi calls it step in new era
The 3-Stock Retirement Blueprint (Ad)
Hong Kong leader promises revival on China's National Day
UK train strikes and energy hikes add to a week of turmoil
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
The 3-Stock Retirement Blueprint (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
The 3-Stock Retirement Blueprint (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
India launches 5G services, Modi calls it step in new era
The 3-Stock Retirement Blueprint (Ad)
Hong Kong leader promises revival on China's National Day
UK train strikes and energy hikes add to a week of turmoil
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
The 3-Stock Retirement Blueprint (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
The 3-Stock Retirement Blueprint (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
India launches 5G services, Modi calls it step in new era
The 3-Stock Retirement Blueprint (Ad)
Hong Kong leader promises revival on China's National Day
UK train strikes and energy hikes add to a week of turmoil
NYSE:RY

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

$90.04
-0.80 (-0.88%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$89.80
$91.84
50-Day Range
$89.57
$100.70
52-Week Range
$89.18
$119.41
Volume
912,946 shs
Average Volume
669,887 shs
Market Capitalization
$125.41 billion
P/E Ratio
10.39
Dividend Yield
4.38%
Price Target
$139.71

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
55.2% Upside
$139.71 Price Target
Short Interest
Bearish
0.93% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.13mentions of Royal Bank of Canada in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.21%
From $8.53 to $9.06 Per Share

Overall MarketRank

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

2.33 out of 5 stars

Finance Sector

596th out of 926 stocks

Commercial Banks, Not Elsewhere Classified Industry

30th 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.

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RY Stock News Headlines

Pound Bounces From Record, Traders Turn Sights to BOE
Humana PT Raised to $544 at RBC Capital
RBC takes loyalty to the next level with Avion Rewards
Natwest Group PLC PT Raised to GBP3.40 at RBC Capital
Metro Bank Plc PT Raised to GBP1.05 at RBC Capital
Gilead Sciences Might Trade Higher Today Says RBC
See More Headlines
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RY Company Calendar

Ex-Dividend for 8/24 Dividend
7/25/2022
Last Earnings
8/24/2022
Dividend Payable
8/24/2022
Today
10/01/2022
Ex-Dividend for 11/24 Dividend
10/25/2022
Fiscal Year End
10/31/2022
Dividend Payable
11/24/2022
Next Earnings (Estimated)
12/07/2022

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
$139.71
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$118.00
Forecasted Upside/Downside
+55.2%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$12.76 billion
Pretax Margin
33.58%

Debt

Sales & Book Value

Annual Sales
$45.99 billion
Cash Flow
$10.41 per share
Book Value
$53.94 per share

Miscellaneous

Outstanding Shares
1,392,830,000
Free Float
N/A
Market Cap
$125.41 billion
Optionable
Optionable
Beta
0.87

Social Links


Key Executives

  • Mr. David I. McKayMr. David I. McKay (Age 59)
    Pres, CEO & Director
    Comp: $4.31M
  • Mr. Douglas Antony Guzman
    Group Head of Wealth Management, Insurance, Investor & Treasury Services
  • Mr. Neil McLaughlin
    Group Head of Personal & Commercial Banking
  • 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
  • Ms. Maria Douvas
    Chief Legal Officer
  • Ms. Amy Cairncross
    Sr. VP of Communications













RY Stock - Frequently Asked Questions

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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 2 sell ratings, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RY, but not buy additional shares or sell existing shares.
View RY analyst ratings
or view top-rated stocks.

What is Royal Bank of Canada's stock price forecast for 2022?

12 Wall Street analysts have issued 12 month price targets for Royal Bank of Canada's shares. Their RY share price forecasts range from $118.00 to $150.00. On average, they expect the company's stock price to reach $139.71 in the next twelve months. This suggests a possible upside of 55.2% 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 stock has decreased by 15.2% and is now trading at $90.04.
View the best growth stocks for 2022 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 7th 2022.
View our RY earnings forecast
.

How were Royal Bank of Canada's earnings last quarter?

Royal Bank of Canada (NYSE:RY) released its quarterly earnings results on Wednesday, August, 24th. The financial services provider reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.01. The financial services provider earned $9.43 billion during the quarter. Royal Bank of Canada had a net margin of 26.29% and a trailing twelve-month return on equity of 16.85%.

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, August 24th. Shareholders of record on Wednesday, October 26th will be paid a dividend of $1.00 per share on Thursday, November 24th. This represents a $4.00 annualized dividend and a yield of 4.44%. The ex-dividend date is Tuesday, October 25th. This is a boost from the stock's previous quarterly dividend of $1.00.
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 $3.98 per share and currently has a dividend yield of 4.38%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 43.93% 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."

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 $90.04.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (NYSE:RY) has a market capitalization of $125.41 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 10/2/2022 by MarketBeat.com Staff

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