TSE:RY

Royal Bank of Canada Stock Forecast, Price & News

C$127.92
+0.72 (+0.57 %)
(As of 08/5/2021 12:00 AM ET)
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Today's Range
C$127.35
C$128.10
50-Day Range
C$124.21
C$129.31
52-Week Range
C$90.75
C$129.40
Volume8.72 million shs
Average Volume4.34 million shs
Market CapitalizationC$182.30 billion
P/E Ratio13.00
Dividend Yield3.40%
BetaN/A
30 days | 90 days | 365 days | Advanced Chart
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Royal Bank of Canada logo

About Royal Bank of Canada

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.

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MarketRank

Overall MarketRank

2.06 out of 5 stars

Analyst Opinion: 2.4Community Rank: 4.1Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Royal Bank of Canada (TSE:RY) Frequently Asked Questions

Is Royal Bank of Canada a buy right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Royal Bank of Canada wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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, August 25th 2021.
View our earnings forecast for Royal Bank of Canada
.

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

Royal Bank of Canada (TSE:RY) posted its quarterly earnings data on Thursday, May, 27th. The financial services provider reported $2.79 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.39. The financial services provider had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $11.12 billion.
View Royal Bank of Canada's earnings history
.

How has Royal Bank of Canada's stock price been impacted by Coronavirus?

Royal Bank of Canada's stock was trading at C$87.87 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RY shares have increased by 45.6% and is now trading at C$127.92.
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 announced a quarterly dividend on Thursday, May 27th. Stockholders of record on Monday, July 26th will be paid a dividend of 1.08 per share on Tuesday, August 24th. This represents a $4.32 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Friday, July 23rd.
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 C$4.32 per share and currently has a dividend yield of 3.40%. The dividend payout ratio of Royal Bank of Canada is 43.89%. This payout ratio is at a healthy, sustainable level, below 75%.
View Royal Bank of Canada's dividend history.

What price target have analysts set for RY?

10 Wall Street analysts have issued twelve-month target prices for Royal Bank of Canada's stock. Their forecasts range from C$125.00 to C$144.00. On average, they expect Royal Bank of Canada's share price to reach C$134.90 in the next year. This suggests a possible upside of 5.5% 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 A.C.A., Pres, CEO & Director (Age 58, Pay $4.15M)
  • Mr. Rod Bolger, Chief Financial Officer
  • Mr. Douglas Antony Guzman, Group Head of Wealth Management, Insurance and Investor & Treasury Services
  • Mr. Neil McLaughlin, Group Head of Personal & Commercial Banking
  • Mr. Bruce Ross, Group Head of Technology & Operations
  • Ms. Gay Mitchell, Deputy Chairman of RBC Wealth Management
  • Mr. Christoph Knoess, Chief Admin. & Strategy Officer
  • Ms. Nadine Ahn, Sr. VP of Wholesale Fin. & Investor Relations
  • Mr. David Onorato, Gen. Counsel
  • 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), The 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).

What is Royal Bank of Canada's stock symbol?

Royal Bank of Canada trades on the Toronto Stock Exchange (TSX) under the ticker symbol "RY."

How do I buy shares of Royal Bank of Canada?

Shares of RY 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.

What is Royal Bank of Canada's stock price today?

One share of RY stock can currently be purchased for approximately C$127.92.

How much money does Royal Bank of Canada make?

Royal Bank of Canada has a market capitalization of C$182.30 billion and generates C$47.46 billion in revenue each year.

How many employees does Royal Bank of Canada have?

Royal Bank of Canada employs 83,709 workers across the globe.

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 1 Place Ville Marie Cp 6001 Succ Centre Ville, MONTREAL, QC H3C 3A9, Canada.

How can I contact Royal Bank of Canada?

Royal Bank of Canada's mailing address is 1 Place Ville Marie Cp 6001 Succ Centre Ville, MONTREAL, QC H3C 3A9, Canada. The financial services provider can be reached via phone at +1-416-9748393.


This page was last updated on 8/5/2021 by MarketBeat.com Staff
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