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Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Laser breakthrough could send stock soaring 2,467% (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Laser breakthrough could send stock soaring 2,467% (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Laser breakthrough could send stock soaring 2,467% (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
NYSE:RY

Royal Bank of Canada (RY) Stock Forecast, Price & News

$92.43
+2.05 (+2.27%)
(As of 06/2/2023 ET)
Compare
Today's Range
$91.01
$92.54
50-Day Range
$89.10
$100.28
52-Week Range
$83.63
$106.43
Volume
425,928 shs
Average Volume
780,530 shs
Market Capitalization
$128.54 billion
P/E Ratio
12.15
Dividend Yield
4.23%
Price Target
$137.14

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
48.4% Upside
$137.14 Price Target
Short Interest
Healthy
0.92% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.46mentions of Royal Bank of Canada in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.82%
From $8.21 to $8.77 Per Share

Overall MarketRank

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

2.56 out of 5 stars

Finance Sector

349th out of 873 stocks

Commercial Banks, Not Elsewhere Classified Industry

14th out of 31 stocks


RY stock logo

About Royal Bank of Canada (NYSE:RY) Stock

Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada. The Wealth Management segment offers a comprehensive suite of investment, trust, banking, credit, and other wealth management solutions to institutional and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment comprises of asset services and a provider of cash management, transaction banking, and treasury services to institutional clients worldwide. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. The Corporate Support segment consists of technology and operations services. The company was founded

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RY Stock News Headlines

Is the Market Reacting Too Negatively to Pinterest Earnings? (RY)
Social commerce platform Pinterest Inc. (NASDAQ: PINS) stock collapsed (25%) after its Q1 2023 earnings report. Shares have fallen (8.2%) for the year.
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
Royal Bank Of Canada (RY) Receives a Hold from CIBC
See More Headlines

RY Price History

RY Company Calendar

Last Earnings
8/24/2021
Ex-Dividend for 5/24 Dividend
4/24/2023
Dividend Payable
5/24/2023
Today
6/03/2023
Next Earnings (Estimated)
8/23/2023
Fiscal Year End
10/31/2023

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
91,427
Year Founded
1896

Price Target and Rating

Average Stock Price Forecast
$137.14
High Stock Price Forecast
$147.00
Low Stock Price Forecast
$118.00
Forecasted Upside/Downside
+48.4%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$12.27 billion
Pretax Margin
20.42%

Debt

Sales & Book Value

Annual Sales
$52.08 billion
Cash Flow
$10.69 per share
Book Value
$55.14 per share

Miscellaneous

Outstanding Shares
1,390,700,000
Free Float
N/A
Market Cap
$128.54 billion
Optionable
Optionable
Beta
0.83

Social Links


Key Executives

  • David Ian McKay
    President, Chief Executive Officer & Director
  • Bruce Ross
    Group Head-Technology & Operations
  • Nadine Ahn
    Chief Financial Officer
  • Foteini Agrafioti
    Chief Science Officer
  • William Onuwa
    Chief Audit Executive & Executive Vice President













RY Stock - Frequently Asked Questions

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

6 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 2 buy ratings for the stock. The consensus among Wall Street 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 2023?

6 equities research analysts have issued 1-year price objectives for Royal Bank of Canada's stock. Their RY share price forecasts range from $118.00 to $147.00. On average, they anticipate the company's share price to reach $137.14 in the next twelve months. This suggests a possible upside of 48.4% 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 2023?

Royal Bank of Canada's stock was trading at $94.02 on January 1st, 2023. Since then, RY shares have decreased by 1.7% and is now trading at $92.43.
View the best growth stocks for 2023 here
.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 12,800,000 shares, a decline of 48.3% from the April 30th total of 24,740,000 shares. Based on an average trading volume of 875,600 shares, the days-to-cover ratio is presently 14.6 days. Currently, 0.9% of the company's shares are short sold.
View Royal Bank of Canada's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 23rd 2023.
View our RY earnings forecast
.

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

Royal Bank of Canada (NYSE:RY) issued its quarterly earnings results on Tuesday, August, 24th. The financial services provider reported $3.00 earnings per share for the quarter, beating analysts' consensus estimates of $2.16 by $0.84. The financial services provider earned $10.38 billion during the quarter, compared to the consensus estimate of $11.86 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 15.36% and a net margin of 15.27%. During the same quarter last year, the company earned $2.20 EPS.

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, May 25th. Shareholders of record on Wednesday, July 26th will be paid a dividend of $0.996 per share on Thursday, August 24th. This represents a $3.98 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Tuesday, July 25th. This is a positive change from the stock's previous quarterly dividend of $0.99.
Read our dividend analysis for RY
.

What ETFs hold Royal Bank of Canada's stock?

ETFs with the largest weight of Royal Bank of Canada (NYSE:RY) stock in their portfolio include iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT),

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $3.91 per share and currently has a dividend yield of 4.32%. 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 51.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 44.58% 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."

Who are Royal Bank of Canada's major shareholders?

Royal Bank of Canada's stock is owned by a variety of retail and institutional investors. Top institutional investors include Mackenzie Financial Corp (1.92%), FIL Ltd (1.62%), Toronto Dominion Bank (1.52%), National Bank of Canada FI (1.31%), 1832 Asset Management L.P. (1.30%) and FMR LLC (1.13%).

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 $92.43.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (NYSE:RY) has a market capitalization of $128.54 billion and generates $52.08 billion in revenue each year. The financial services provider earns $12.27 billion in net income (profit) each year or $7.61 on an earnings per share basis.

How many employees does Royal Bank of Canada have?

The company employs 91,427 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, Brewin Dolphin, 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..
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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 6/3/2023 by MarketBeat.com Staff

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