S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
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Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
TSE:RY

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

C$131.91
-0.03 (-0.02%)
(As of 03/4/2024 ET)
Today's Range
C$131.30
C$132.53
50-Day Range
C$128.54
C$135.33
52-Week Range
C$107.92
C$137.78
Volume
1.14 million shs
Average Volume
6.14 million shs
Market Capitalization
C$185.99 billion
P/E Ratio
12.25
Dividend Yield
4.18%
Price Target
C$137.34

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
4.1% Upside
C$137.34 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.28mentions of Royal Bank of Canada in the last 14 days
Based on 43 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.

1.79 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

Royal Bank of Canada (TSE:RY) PT Lowered to C$140.00
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Royal Bank of Canada (TSE:RY) Price Target Raised to C$146.00
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Royal Bank of Canada’s first-quarter profit beats estimates
Recap: Royal Bank of Canada Q1 Earnings
Royal Bank of Canada: Q1 Earnings Insights
Royal Bank of Canada declares dividends
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
3/04/2024
Next Earnings (Estimated)
5/23/2024

Industry, Sector and Symbol

Industry
Banks - Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
91,398
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$137.34
High Stock Price Target
C$148.00
Low Stock Price Target
C$122.00
Potential Upside/Downside
+4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.43
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$553.44 per share
Book Value
C$76.95 per share

Miscellaneous

Outstanding Shares
1,410,000,000
Free Float
N/A
Market Cap
C$186.19 billion
Optionable
Not Optionable
Beta
0.84
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Key Executives

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Royal Bank of Canada was last updated on Sunday, March 3, 2024 at 12:40 AM.

Pros

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

  • Royal Bank of Canada has consistently increased its dividend payouts, providing investors with a stable income stream. This indicates the company's financial strength and commitment to rewarding shareholders.
  • The company has a strong track record of profitability, with a healthy return on equity of 13.16%. This metric reflects how efficiently the company is utilizing its shareholders' equity to generate profits.
  • Analysts have given Royal Bank of Canada a consensus "Hold" rating with a positive outlook, suggesting potential growth opportunities in the future.
  • Recent earnings reports have shown that Royal Bank of Canada has exceeded analysts' expectations, indicating strong financial performance and management efficiency.
  • Despite market fluctuations, Royal Bank of Canada has maintained a relatively stable stock price, providing investors with a sense of security and resilience in turbulent times.

Cons

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

  • Some analysts have rated the stock with a sell rating, indicating potential concerns about the company's performance or market conditions.
  • The stock's price-to-earnings ratio of 12.60 and a PEG ratio of 10.64 may suggest that the stock is currently overvalued, posing a risk for investors looking for undervalued opportunities.
  • Market volatility and economic uncertainties could impact Royal Bank of Canada's financial performance and stock price, leading to potential losses for investors.
  • Competitive pressures in the financial services industry could challenge Royal Bank of Canada's market position and profitability, affecting investor returns.
  • Investors should carefully monitor interest rate changes and regulatory developments that could influence Royal Bank of Canada's operations and profitability in the future.














RY Stock Analysis - Frequently Asked Questions

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

14 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 sell ratings, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research 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 target for 2024?

14 Wall Street research analysts have issued 12-month target prices for Royal Bank of Canada's shares. Their RY share price targets range from C$122.00 to C$148.00. On average, they anticipate the company's stock price to reach C$137.34 in the next twelve months. This suggests a possible upside of 4.1% 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 beginning of 2024. Since then, RY shares have decreased by 1.6% and is now trading at C$131.91.
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 earnings results on Wednesday, February, 28th. The financial services provider reported $2.85 earnings per share for the quarter, topping analysts' consensus estimates 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 declared a quarterly dividend on Wednesday, February 28th. Investors 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 yield of 4.18%. The ex-dividend date 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 4.18%. 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 3/5/2024 by MarketBeat.com Staff