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.
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Industry, Sector and Symbol
Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Phone888-212-5533
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$43.93 billion
Profitability
Miscellaneous
Employees81,870
Next Earnings Date11/27/2019 (Estimated)
OptionableOptionable
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 Wednesday, August 21st. Stockholders of record on Thursday, October 24th will be paid a dividend of $0.796 per share on Friday, November 22nd. This represents a $3.18 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Wednesday, October 23rd. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $0.76. 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 has authorized a stock buyback plan on Monday, February 26th 2018, which allows the company to buyback 30,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication 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) posted its quarterly earnings data on Wednesday, August, 21st. The financial services provider reported $1.69 EPS for the quarter, missing the Zacks' consensus estimate of $1.73 by $0.04. The financial services provider earned $11.54 billion during the quarter, compared to analysts' expectations of $11.56 billion. Royal Bank of Canada had a net margin of 19.66% and a return on equity of 17.18%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.10 earnings per share. View Royal Bank of Canada's Earnings History.
When is Royal Bank of Canada's next earnings date?
What price target have analysts set for RY?
8 Wall Street analysts have issued 1 year price objectives for Royal Bank of Canada's shares. Their predictions range from $89.00 to $111.00. On average, they expect Royal Bank of Canada's share price to reach $103.67 in the next year. This suggests a possible upside of 27.0% 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?
8 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, 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Royal Bank of Canada.
Has Royal Bank of Canada been receiving favorable news coverage?
Media coverage about RY stock has been trending neutral on Friday, according to InfoTrie. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Royal Bank of Canada earned a daily sentiment score of 0.2 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. 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 during the month of September. As of September 30th, there was short interest totalling 4,740,000 shares, an increase of 14.2% from the August 30th total of 4,150,000 shares. Based on an average daily trading volume, of 919,800 shares, the short-interest ratio is presently 5.2 days. Approximately 0.3% of the company's stock are short sold. View Royal Bank of Canada's Current Options Chain.
Who are some of Royal Bank of Canada's key competitors?
Some companies that are related to Royal Bank of Canada include HDFC Bank (HDB), Toronto-Dominion Bank (TD), Banco Santander (SAN), Westpac Banking (WBK), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), ANZ (ANZBY), Lloyds Banking Group (LYG), Sumitomo Mitsui Financial Grp (SMFG), Bank of Montreal (BMO), ING Groep (ING), Banco Santander Brasil (BSBR), HANG SENG BK LT/S (HSNGY), ICICI Bank (IBN) and Canadian Imperial Bank of Commerce (CM).
What other stocks do shareholders of Royal Bank of Canada own?
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 retail and institutional investors. Top institutional investors include Addenda Capital Inc. (0.09%), Cardinal Capital Management Inc. (0.05%), Nexus Investment Management Inc. (0.03%), Crossmark Global Holdings Inc. (0.01%), Hexavest Inc. (0.01%) and JCIC Asset Management Inc. (0.01%).
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 Assenagon Asset Management S.A., Artemis Investment Management LLP, Hexavest Inc., Crossmark Global Holdings Inc., Addenda Capital Inc., Commerzbank Aktiengesellschaft FI, CLARET ASSET MANAGEMENT Corp and Envestnet Asset Management Inc..
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 West Coast Financial LLC, Jolley Asset Management LLC, Advisor Partners LLC, Cerebellum GP LLC, Signaturefd LLC, Palisade Asset Management LLC, Carroll Financial Associates Inc. and Edmp 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 $81.61.
How big of a company is Royal Bank of Canada?
Royal Bank of Canada has a market capitalization of $117.05 billion and generates $43.93 billion in revenue each year. The financial services provider earns $9.64 billion in net income (profit) each year or $6.53 on an earnings per share basis. Royal Bank of Canada employs 81,870 workers across the globe.View Additional Information About Royal Bank of Canada.
What is Royal Bank of Canada's official website?
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)
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.
