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S&P 500   3,768.47
DOW   30,924.14
QQQ   304.10
S&P 500   3,768.47
DOW   30,924.14
QQQ   304.10
S&P 500   3,768.47
DOW   30,924.14
QQQ   304.10
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NYSE:RY

Royal Bank of Canada Stock Forecast, Price & News

$86.78
+0.02 (+0.02 %)
(As of 03/4/2021 12:00 AM ET)
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Today's Range
$86.35
Now: $86.78
$88.18
50-Day Range
$80.87
MA: $84.53
$89.35
52-Week Range
$49.55
Now: $86.78
$90.59
Volume3.02 million shs
Average Volume1.35 million shs
Market Capitalization$123.61 billion
P/E Ratio14.81
Dividend Yield3.91%
Beta0.99
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, 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 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. Its 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. The company's 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. Royal Bank of Canada has a strategic partnership with Royal College Of Physicians & Surgeons Of Canada to support the needs of Canada's medical specialists. The company was founded in 1864 and is headquartered in Toronto, Canada.
Royal Bank of Canada logo

Headlines

RBC upgrades Bausch to outperform amid spin-off plans
February 17, 2021 |  seekingalpha.com
RBC to announce first quarter 2021 results
February 1, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone888-212-5533
Employees83,842
Year Founded1864

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$45.54 billion
Cash Flow$7.58 per share
Book Value$42.23 per share

Profitability

Net Income$8.50 billion

Miscellaneous

Outstanding Shares1,424,357,000
Market Cap$123.61 billion
Next Earnings Date5/26/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.45 out of 5 stars

Finance Sector

29th out of 1,941 stocks

Commercial Banks, Not Elsewhere Classified Industry

1st out of 73 stocks

Analyst Opinion: 4.3Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
$86.78
+0.02 (+0.02 %)
(As of 03/4/2021 12:00 AM ET)
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Royal Bank of Canada (NYSE:RY) Frequently Asked Questions

Is Royal Bank of Canada a buy right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Royal Bank of Canada stock.
View analyst ratings for Royal Bank of Canada
or view top-rated stocks.

What stocks does MarketBeat like better than Royal Bank of Canada?

Wall Street analysts have given Royal Bank of Canada a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Royal Bank of Canada wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest during the month of January. As of January 29th, there was short interest totaling 5,940,000 shares, an increase of 35.0% from the January 14th total of 4,400,000 shares. Based on an average daily trading volume, of 817,500 shares, the short-interest ratio is currently 7.3 days. Approximately 0.4% of the shares of the stock are sold short.
View Royal Bank of Canada's Short Interest
.

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, May 26th 2021.
View our earnings forecast for Royal Bank of Canada
.

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

Royal Bank of Canada (NYSE:RY) released its earnings results on Tuesday, February, 23rd. The financial services provider reported $2.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.73 by $0.96. Royal Bank of Canada had a trailing twelve-month return on equity of 14.84% and a net margin of 18.78%.
View Royal Bank of Canada's earnings history
.

How has Royal Bank of Canada's stock price been impacted by Coronavirus (COVID-19)?

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RY shares have increased by 35.8% and is now trading at $86.78.
View which stocks have been most impacted by COVID-19
.

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 Thursday, February 25th. Stockholders of record on Thursday, April 22nd will be paid a dividend of $0.8576 per share on Friday, May 21st. This represents a $3.43 annualized dividend and a yield of 3.95%. The ex-dividend date is Wednesday, April 21st. This is an increase from Royal Bank of Canada's previous quarterly dividend of $0.81.
View Royal Bank of Canada's dividend history
.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada pays an annual dividend of $3.39 per share and currently has a dividend yield of 3.91%. Royal Bank of Canada does not yet have a strock track record of dividend growth. The dividend payout ratio of Royal Bank of Canada is 57.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Royal Bank of Canada will have a dividend payout ratio of 47.21% next year. This indicates that Royal Bank of Canada will be able to sustain or increase its dividend.
View Royal Bank of Canada's dividend history.

What price target have analysts set for RY?

14 brokerages have issued 1-year target prices for Royal Bank of Canada's shares. Their forecasts range from $69.00 to $133.00. On average, they expect Royal Bank of Canada's share price to reach $113.83 in the next twelve months. This suggests a possible upside of 31.2% from the stock's current price.
View analysts' price targets for Royal Bank of Canada
or view top-rated stocks among Wall Street analysts.

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 58) (LinkedIn Profile)
  • Mr. Rod Bolger, Chief Financial Officer (LinkedIn Profile)
  • Mr. Douglas Antony Guzman, Group Head of Wealth Management, Insurance and Investor & Treasury Services (LinkedIn Profile)
  • Mr. Neil McLaughlin, Group Head of Personal & Commercial Banking
  • Mr. Bruce Ross, Group Head of Technology & Operations (LinkedIn Profile)
  • Ms. Gay Mitchell, Deputy Chairman of RBC Wealth Management
  • Mr. Christoph Knoess, Chief Admin. & Strategy Officer (LinkedIn Profile)
  • Ms. Nadine Ahn, Sr. VP of Wholesale Fin. & Investor Relations
  • Mr. David Onorato, Gen. Counsel (LinkedIn Profile)
  • Ms. Amy Cairncross, Sr. VP of Communications

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 The Toronto-Dominion Bank (TD), AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Bank of America (BAC), The Bank of Nova Scotia (BNS), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and The 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 retail and institutional investors. Top institutional shareholders include FIL Ltd (2.05%), Toronto Dominion Bank (1.42%), Mackenzie Financial Corp (1.26%), Norges Bank (1.14%), CIBC Asset Management Inc (1.07%) and Caisse DE Depot ET Placement DU Quebec (1.03%).

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, Credit Suisse AG, Caisse DE Depot ET Placement DU Quebec, Prudential PLC, Sumitomo Mitsui Trust Holdings Inc., Morgan Stanley, Beutel Goodman & Co Ltd., and Intact Investment Management Inc..

Which institutional investors are buying Royal Bank of Canada stock?

RY stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, FMR LLC, FIL Ltd, Canada Pension Plan Investment Board, Pendal Group Limited, Mackenzie Financial Corp, Renaissance Technologies LLC, and JPMorgan Chase & Co..

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 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 $86.78.

How much money does Royal Bank of Canada make?

Royal Bank of Canada has a market capitalization of $123.61 billion and generates $45.54 billion in revenue each year. The financial services provider earns $8.50 billion in net income (profit) each year or $5.93 on an earnings per share basis.

How many employees does Royal Bank of Canada have?

Royal Bank of Canada employs 83,842 workers across the globe.

Does Royal Bank of Canada have any subsidiaries?

The following companies are subsidiares of Royal Bank of Canada: BlueBay Asset Management, BlueBay Asset Management (Services) Ltd, Capital Funding Alberta Limited, City Holding, City National Corporation, Investment Holdings (Cayman) Limited, Mourant Private Wealth, R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Bank (Georgia) National Association, RBC Capital Markets LLC, RBC Capital Trust, RBC Caribbean Investments Limited, RBC Covered Bond Guarantor Limited Partnership, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Finance S.à r.l./B.V., RBC Financial (Caribbean) Limited, RBC Global Asset Management (U.S.) Inc., RBC Global Asset Management Inc., RBC Holdings (Barbados) Ltd., RBC Holdings (Channel Islands) Limited, RBC Holdings (Luxembourg) S.A R.L., RBC Insurance Company of Canada, RBC Insurance Holdings Inc., RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC Phillips Hager & North Investment Counsel Inc., RBC USA Holdco Corporation, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada (Channel Islands) Limited, Royal Bank of Canada Insurance Company Ltd., Royal Mutual Funds Inc., Royal Trust Corporation of Canada, The Royal Trust Company, and WayPay.

When was Royal Bank of Canada founded?

Royal Bank of Canada was founded in 1864.

What is Royal Bank of Canada's official website?

The official website for Royal Bank of Canada is www.rbc.com.

Where are Royal Bank of Canada's headquarters?

Royal Bank of Canada is headquartered at 200 BAY STREET, TORONTO A6, M5J2J5.

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 3/5/2021 by MarketBeat.com Staff

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