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

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RY shares have increased by 14.9% and is now trading at $73.42.
View which stocks have been most impacted by COVID-19.

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.

Royal Bank of Canada is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020.
View our earnings forecast for Royal Bank of Canada.

Royal Bank of Canada will be holding an earnings conference call on Wednesday, August 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Royal Bank of Canada (NYSE:RY) announced its earnings results on Wednesday, May, 27th. The financial services provider reported $0.77 EPS for the quarter, missing the consensus estimate of $1.13 by $0.36. The financial services provider earned $7.70 billion during the quarter, compared to analyst estimates of $8.15 billion. Royal Bank of Canada had a return on equity of 15.03% and a net margin of 17.51%.
View Royal Bank of Canada's earnings history.

Royal Bank of Canada declared a quarterly dividend on Thursday, May 28th. Investors of record on Monday, July 27th will be paid a dividend of $0.7839 per share on Monday, August 24th. This represents a $3.14 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Friday, July 24th.
View Royal Bank of Canada's dividend history.

11 equities research analysts have issued 12 month price objectives for Royal Bank of Canada's shares. Their forecasts range from $69.00 to $120.00. On average, they expect Royal Bank of Canada's stock price to reach $97.11 in the next twelve months. This suggests a possible upside of 32.3% from the stock's current price.
View analysts' price targets for Royal Bank of Canada.

News coverage about RY stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media 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 -5 to 5, with scores nearest to five being the most favorable. Royal Bank of Canada earned a coverage optimism score of -1.2 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about Royal Bank of Canada.

Royal Bank of Canada saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 4,960,000 shares, a drop of 21.6% from the January 31st total of 6,330,000 shares. Based on an average daily trading volume, of 932,500 shares, the short-interest ratio is presently 5.3 days.
View Royal Bank of Canada's Short Interest.

Some companies that are related to Royal Bank of Canada include HDFC Bank (HDB), Toronto-Dominion Bank (TD), BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Westpac Banking (WBK), Sumitomo Mitsui Financial Grp (SMFG), Banco Santander (SAN), ANZ (ANZBY), Bank of Montreal (BMO), ICICI Bank (IBN), Canadian Imperial Bank of Commerce (CM), ING Groep (ING), NORDEA Bk AB SW/S (NRDBY), Boc Hong Kong (BHKLY) and CR AGRICOLE S A/ADR (CRARY).
View all competitors.

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), Bank of Nova Scotia (BNS), Cisco Systems (CSCO), Pfizer (PFE), Bank of America (BAC), JPMorgan Chase & Co. (JPM) and Verizon Communications (VZ).

Royal Bank of Canada trades on the New York Stock Exchange (NYSE) under the ticker symbol "RY."

Royal Bank of Canada's stock is owned by many different retail and institutional investors. Top institutional investors include Bank of Nova Scotia (1.77%), CIBC Asset Management Inc (1.00%), Scotia Capital Inc. (0.50%), Jarislowsky Fraser Ltd (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.37%) and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp (0.27%).

RY stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Cardinal Capital Management Inc., Jarislowsky Fraser Ltd, Hexavest Inc., Alberta Investment Management Corp, Raymond James Financial Services Advisors Inc., Letko Brosseau & Associates Inc., and M&G Investment Management Ltd..

RY stock was purchased by a variety of institutional investors in the last quarter, including CIBC Asset Management Inc, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, QV Investors Inc., Value Partners Investments Inc., Twin Tree Management LP, Scotia Capital Inc., Intact Investment Management Inc., and K.J. Harrison & Partners Inc.

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.

One share of RY stock can currently be purchased for approximately $73.42.

Royal Bank of Canada has a market capitalization of $104.50 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.

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

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]