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

$79.34
-0.45 (-0.56 %)
(As of 02/26/2020 12:36 PM ET)
Today's Range
$79.17
Now: $79.34
$80.44
50-Day Range
$78.78
MA: $80.76
$82.62
52-Week Range
$73.19
Now: $79.34
$82.74
Volume574,198 shs
Average Volume740,181 shs
Market Capitalization$112.97 billion
P/E Ratio11.70
Dividend Yield3.97%
Beta1
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. Read More…

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$7.69 per share
Book Value$40.98 per share

Profitability

Net Income$9.68 billion

Miscellaneous

Employees82,801
Outstanding Shares1,423,920,000
Market Cap$112.97 billion
Next Earnings Date5/28/2020 (Estimated)
OptionableOptionable

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

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 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 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Wednesday, April 22nd. This is a boost from Royal Bank of Canada's previous quarterly dividend of $0.79. View Royal Bank of Canada's Dividend History.

How will Royal Bank of Canada's stock buyback program work?

Royal Bank of Canada declared that its Board of Directors has approved a stock repurchase program on Monday, February 26th 2018, which permits the company to buyback 30,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

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

Royal Bank of Canada (NYSE:RY) issued its quarterly earnings data on Wednesday, December, 4th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by $0.06. The financial services provider had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.97 billion. Royal Bank of Canada had a net margin of 19.36% and a return on equity of 17.45%. View Royal Bank of Canada's Earnings History.

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

Royal Bank of Canada is scheduled to release their next quarterly earnings announcement on Thursday, May 28th 2020. View Earnings Estimates for Royal Bank of Canada.

What price target have analysts set for RY?

7 analysts have issued 12-month price objectives for Royal Bank of Canada's stock. Their forecasts range from $111.00 to $120.00. On average, they anticipate Royal Bank of Canada's stock price to reach $114.00 in the next year. This suggests a possible upside of 42.7% from the stock's current price. View Analyst Price Targets for Royal Bank of Canada.

What is the consensus analysts' recommendation for Royal Bank of Canada?

7 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, 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Royal Bank of Canada.

Has Royal Bank of Canada been receiving favorable news coverage?

News articles about RY stock have trended very positive recently, InfoTrie Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. 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 news impact score of 4.0 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Royal Bank of Canada.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 4,780,000 shares, an increase of 8.1% from the January 15th total of 4,420,000 shares. Based on an average daily trading volume, of 887,900 shares, the days-to-cover ratio is currently 5.4 days. Approximately 0.3% of the company's shares are sold short. 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), Bank of Nova Scotia (BNS), AT&T (T), AbbVie (ABBV), General Electric (GE), Pfizer (PFE), Enbridge (ENB), Bank of America (BAC), Cisco Systems (CSCO) and Johnson & Johnson (JNJ).

Who are Royal Bank of Canada's key executives?

Royal Bank of Canada's management team includes the folowing 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)

Who are Royal Bank of Canada's major shareholders?

Royal Bank of Canada's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include TD Asset Management Inc. (2.12%), FIL Ltd (1.52%), Toronto Dominion Bank (1.29%), Beutel Goodman & Co Ltd. (1.26%), 1832 Asset Management L.P. (0.96%) and Connor Clark & Lunn Investment Management Ltd. (0.95%).

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 FIL Ltd, Acadian Asset Management LLC, Russell Investments Group Ltd., Renaissance Technologies LLC, Bank of New York Mellon Corp, Alberta Investment Management Corp, Toronto Dominion Bank and DekaBank Deutsche Girozentrale.

Which institutional investors are buying Royal Bank of Canada stock?

RY stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Jane Street Group LLC, M&G Investment Management Ltd., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Hexavest Inc., Value Partner Investments Inc., Intact Investment Management Inc. and Cardinal Capital 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 $79.90.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $113.77 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.View Additional Information About Royal Bank of Canada.

What is Royal Bank of Canada's official website?

The official website for Royal Bank of Canada is http://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]


MarketBeat Community Rating for Royal Bank of Canada (NYSE RY)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  569 (Vote Outperform)
Underperform Votes:  775 (Vote Underperform)
Total Votes:  1,344
MarketBeat's community ratings are surveys of what our community members think about Royal Bank of Canada and other stocks. Vote "Outperform" if you believe RY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/26/2020 by MarketBeat.com Staff

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