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

+1.22 (+1.50 %)
(As of 02/24/2020 02:21 AM ET)
Today's Range
Now: $82.62
50-Day Range
MA: $80.53
52-Week Range
Now: $82.62
Volume1.29 million shs
Average Volume711,097 shs
Market Capitalization$117.87 billion
P/E Ratio12.19
Dividend Yield3.97%
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



Sales & Book Value

Annual Sales$50.86 billion
Cash Flow$8.01 per share
Book Value$40.98 per share


Net Income$9.68 billion


Outstanding Shares1,426,700,000
Market Cap$117.87 billion
Next Earnings Date5/28/2020 (Estimated)

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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 Thursday, December 5th. Stockholders of record on Monday, January 27th will be given a dividend of $0.7897 per share on Monday, February 24th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Friday, January 24th. 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 authorized a stock repurchase program on Monday, February 26th 2018, which allows the company to repurchase 30,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

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

Royal Bank of Canada (NYSE:RY) released its earnings results on Wednesday, December, 4th. The financial services provider reported $1.68 EPS for the quarter, missing the Zacks' consensus estimate of $1.74 by $0.06. The financial services provider had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.97 billion. Royal Bank of Canada had a net margin of 19.07% and a return on equity of 17.04%. 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 equities research analysts have issued 1 year price targets for Royal Bank of Canada's shares. Their forecasts range from $108.00 to $120.00. On average, they expect Royal Bank of Canada's stock price to reach $113.00 in the next year. This suggests a possible upside of 36.8% 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?

Media stories about RY stock have been trending positive on Monday, according to InfoTrie. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Royal Bank of Canada earned a media sentiment score of 2.6 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near 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 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 shares of the company are short sold. 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 many different of institutional and retail investors. Top institutional shareholders include TD Asset Management Inc. (2.12%), FIL Ltd (1.52%), Toronto Dominion Bank (1.29%), 1832 Asset Management L.P. (0.96%), Connor Clark & Lunn Investment Management Ltd. (0.95%) and Great West Life Assurance Co. Can (0.86%).

Which major 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 major 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 $82.62.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $117.87 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:  567 (Vote Outperform)
Underperform Votes:  775 (Vote Underperform)
Total Votes:  1,342
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 2/24/2020 by MarketBeat.com Staff

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