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TSE:RY

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

C$133.07
-0.23 (-0.17%)
(As of 03:03 PM ET)
Today's Range
C$132.85
C$134.36
50-Day Range
C$128.54
C$139.95
52-Week Range
C$107.92
C$140.77
Volume
4.43 million shs
Average Volume
5.03 million shs
Market Capitalization
C$187.63 billion
P/E Ratio
12.36
Dividend Yield
4.15%
Price Target
C$137.65

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
2.6% Upside
C$137.65 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.73mentions of Royal Bank of Canada in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.71 out of 5 stars

RY stock logo

About Royal Bank of Canada Stock (TSE:RY)

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, including auto financing, 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 wealth, investment, trust, banking, credit, and other advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital platforms; and independent brokers and partners. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

RY Stock Price History

RY Stock News Headlines

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Royal Bank of Canada Pref Z (RY_pz)
Royal Bank of Canada announces election of directors
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RBC announces changes to its executive team
TD And Royal Bank: Buy The Mortgage Renewal Panic
See More Headlines
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Company Calendar

Ex-Dividend for 2/23 Dividend
1/24/2024
Dividend Payable
2/23/2024
Last Earnings
2/28/2024
Today
4/18/2024
Ex-Dividend for 5/24 Dividend
4/24/2024
Next Earnings (Estimated)
5/23/2024
Dividend Payable
5/24/2024

Industry, Sector and Symbol

Industry
Banks - Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
90,166
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$137.65
High Stock Price Target
C$150.00
Low Stock Price Target
C$122.00
Potential Upside/Downside
+3.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
14 Analysts

Profitability

Net Income
C$15.06 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$53.51 billion
Cash Flow
C$559.35 per share
Book Value
C$76.95 per share

Miscellaneous

Outstanding Shares
1,410,000,000
Free Float
N/A
Market Cap
C$188.18 billion
Optionable
Not Optionable
Beta
0.83
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Key Executives

Should I Buy Royal Bank of Canada Stock? RY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Royal Bank of Canada:

  • Strong institutional investor ownership, indicating confidence in the company's performance and stability.
  • Consistent growth in position by major financial institutions like Norges Bank and TD Asset Management Inc, reflecting positive outlook on the company's future prospects.
  • Diversified financial services offered globally, providing stability and potential for revenue growth across different markets.
  • Recent increase in stock price, suggesting positive market sentiment and potential for capital appreciation.
  • Robust financial performance and market position, positioning the company as a reliable investment option in the financial sector.

Cons

Investors should be bearish about investing in Royal Bank of Canada for these reasons:

  • High competition in the financial services industry, leading to potential margin pressures and challenges in market share retention.
  • Market volatility and economic uncertainties may impact the company's financial performance and stock price in the short term.
  • Dependency on global economic conditions, making the company susceptible to macroeconomic risks and fluctuations.
  • Regulatory changes and compliance requirements in the financial sector could increase operational costs and affect profitability.
  • Potential impact of interest rate changes on the company's lending and investment activities, influencing revenue streams and profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Royal Bank of Canada pros and cons to contact@marketbeat.com.

RY Stock Analysis - Frequently Asked Questions

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

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RY shares.
View RY analyst ratings
or view top-rated stocks.

What is Royal Bank of Canada's stock price target for 2024?

14 Wall Street analysts have issued 12-month price targets for Royal Bank of Canada's shares. Their RY share price targets range from C$122.00 to C$150.00. On average, they anticipate the company's stock price to reach C$137.65 in the next year. This suggests a possible upside of 2.6% 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 2024?

Royal Bank of Canada's stock was trading at C$134.00 at the start of the year. Since then, RY stock has increased by 0.1% and is now trading at C$134.18.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
View our RY earnings forecast
.

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

Royal Bank of Canada (TSE:RY) announced its quarterly earnings results on Wednesday, February, 28th. The financial services provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.06. The financial services provider earned $13.49 billion during the quarter, compared to the consensus estimate of $13.65 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 13.66% and a net margin of 28.61%.

How often does Royal Bank of Canada pay dividends? What is the dividend yield for Royal Bank of Canada?

Royal Bank of Canada announced a quarterly dividend on Wednesday, April 24th. Shareholders of record on Thursday, April 25th will be paid a dividend of 1.38 per share on Friday, May 24th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Wednesday, April 24th.
Read our dividend analysis for RY
.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (TSE:RY) pays an annual dividend of C$5.52 per share and currently has a dividend yield of 4.07%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.25%. This payout ratio is at a healthy, sustainable level, below 75%.
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), Bank of Nova Scotia (BNS), Enbridge (ENB), Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CM), BCE (BCE), Manulife Financial (MFC), Suncor Energy (SU), TELUS (T) and National Bank of Canada (NA).

How do I buy shares of Royal Bank of Canada?

Shares of RY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:RY) was last updated on 4/18/2024 by MarketBeat.com Staff

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