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NYSE:RYRoyal Bank of Canada Stock Price, Forecast & News

$66.25
-0.72 (-1.08 %)
(As of 05/28/2020 04:00 PM ET)
Add
Compare
Today's Range
$65.75
Now: $66.25
$67.32
50-Day Range
$58.42
MA: $60.68
$63.78
52-Week Range
$49.55
Now: $66.25
$82.74
Volume1.24 million shs
Average Volume1.28 million shs
Market Capitalization$94.30 billion
P/E Ratio9.77
Dividend Yield4.82%
Beta0.88
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals. It also provides lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, and trade products and services to small and medium-sized commercial businesses. In addition, this segment offers international financing and trade promotion services through branches, automated teller machines, and online and mobile banking. The company's Wealth Management provides investment, trust, banking, credit, and other wealth management solutions to high and ultra-high net worth clients; and asset management products to institutional and individual clients through its distribution channels and third-party distributors. Its 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. The company's 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. Its 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. The company was founded in 1864 and is headquartered in Toronto, Canada.
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Royal Bank of Canada logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.51 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$50.86 billion
Cash Flow$8.20 per share
Book Value$40.98 per share

Profitability

Net Income$9.68 billion

Miscellaneous

Employees82,801
Outstanding Shares1,423,360,000
Market Cap$94.30 billion
Next Earnings Date8/19/2020 (Estimated)
OptionableOptionable

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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 (Coronavirus)?

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RY shares have increased by 3.7% and is now trading at $66.27. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Royal Bank of Canada?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Royal Bank of Canada.

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, August 19th 2020. View our earnings forecast for Royal Bank of Canada.

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 Friday, February 21st. Investors of record on Thursday, April 23rd will be paid a dividend of $0.816 per share on Friday, May 22nd. This represents a $3.26 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Wednesday, April 22nd. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $0.79. View Royal Bank of Canada's dividend history.

What price target have analysts set for RY?

11 equities research analysts have issued 12-month target prices for Royal Bank of Canada's shares. Their forecasts range from $69.00 to $120.00. On average, they anticipate Royal Bank of Canada's stock price to reach $97.11 in the next year. This suggests a possible upside of 46.5% from the stock's current price. View analysts' price targets for Royal Bank of Canada.

Has Royal Bank of Canada been receiving favorable news coverage?

News headlines about RY stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Royal Bank of Canada earned a media sentiment score of -3.8 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutRoyal Bank of Canada.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,850,000 shares, an increase of 15.1% from the April 30th total of 6,820,000 shares. Based on an average trading volume of 1,730,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 0.6% of the company's shares are short sold. View Royal Bank of Canada's Current Options Chain.

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 Toronto-Dominion Bank (TD), AT&T (T), Bank of Nova Scotia (BNS), AbbVie (ABBV), Bank of America (BAC), Pfizer (PFE), Verizon Communications (VZ), Walt Disney (DIS), General Electric (GE) and Johnson & Johnson (JNJ).

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 56)
  • Mr. Rod Bolger, Chief Financial Officer
  • Ms. Jennifer Tory, Chief Admin. Officer
  • Mr. Douglas A. Guzman, Group Head of Wealth Management & Insurance
  • Mr. A. Douglas McGregor, Group Head of Capital Markets, Investor & Treasury Services (Age 62)

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 variety of institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (1.25%), 1832 Asset Management L.P. (1.07%), Toronto Dominion Bank (1.06%), 1832 Asset Management L.P. (1.01%), CIBC Asset Management Inc (0.89%) and Connor Clark & Lunn Investment Management Ltd. (0.89%).

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 Toronto Dominion Bank, Acadian Asset Management LLC, Mackenzie Financial Corp, Deutsche Bank AG, Capital Research Global Investors, Connor Clark & Lunn Investment Management Ltd., Morgan Stanley, and Alberta Investment Management Corp.

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 1832 Asset Management L.P., Canada Pension Plan Investment Board, Invesco Ltd., AGF Investments Inc., The Manufacturers Life Insurance Company , Wellington Management Group LLP, 1832 Asset Management L.P., and CIBC Asset Management 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 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 $66.27.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $94.33 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 82,801 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 5/28/2020 by MarketBeat.com Staff

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