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S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Why Ralph Lauren Should Be On Your Holiday Wishlist
The Strategic Gold Play You Haven't Heard About (Ad)
Low PE Growth Stocks: Unlocking Investment Opportunities
EU announces plans to better protect its sensitive technologies from foreign snooping
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Why Ralph Lauren Should Be On Your Holiday Wishlist
The Strategic Gold Play You Haven't Heard About (Ad)
Low PE Growth Stocks: Unlocking Investment Opportunities
EU announces plans to better protect its sensitive technologies from foreign snooping
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Why Ralph Lauren Should Be On Your Holiday Wishlist
The Strategic Gold Play You Haven't Heard About (Ad)
Low PE Growth Stocks: Unlocking Investment Opportunities
EU announces plans to better protect its sensitive technologies from foreign snooping
TSE:RY

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

C$113.14
-2.81 (-2.42%)
(As of 10/3/2023 ET)
Compare
Today's Range
C$112.69
▼
C$115.65
50-Day Range
C$113.14
▼
C$130.73
52-Week Range
C$112.69
▼
C$140.18
Volume
5.97 million shs
Average Volume
4.18 million shs
Market Capitalization
C$158.40 billion
P/E Ratio
10.94
Dividend Yield
4.77%
Price Target
C$134.03
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
18.5% Upside
C$134.03 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.13mentions of Royal Bank of Canada in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
C$545,375 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

See Top Rated MarketRank™ Stocks Here

RY stock logo

About Royal Bank of Canada (TSE:RY) Stock

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 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 business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital, mobile, and social platforms; independent brokers; and travel partners. Its Investor & Treasury Services segment provides asset servicing, custody, payments, and treasury services to financial and other investors; and fund and investment administration, shareholder, private capital, performance measurement and compliance monitoring, distribution, transaction banking, cash and liquidity management, foreign exchange, and global securities finance services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, advisory services, sale, and trading services for corporations, institutional investors, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

RY Price History

RY Stock News Headlines

October 3, 2023 | americanbankingnews.com
Royal Bank of Canada (TSE:RY) Receives Average Rating of "Hold" from Brokerages
September 21, 2023 | marketwatch.com
Royal Bank of Canada stock falls Thursday, still outperforms market
October 4, 2023 | Edge On The Street (Ad)
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
September 21, 2023 | finance.yahoo.com
RBC Recruits 2 Advisor Practices With $775 Million in Assets
September 17, 2023 | markets.businessinsider.com
Royal Bank of Canada Stock (TSE:RY): Bet on Canada’s Best Bank
September 15, 2023 | finance.yahoo.com
RBC Global Asset Management Inc. announces final valuation of several terminated RBC ETFs
September 15, 2023 | finance.yahoo.com
RBC Global Asset Management Inc. announces RBC ETF cash distributions for September 2023
September 14, 2023 | finance.yahoo.com
RBC announces Greg Carmichael as executive chair, City National Bank board of directors
October 4, 2023 | Edge On The Street (Ad)
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
September 13, 2023 | msn.com
Royal Bank Of Canada: An Undervalued Banking Star
September 7, 2023 | finance.yahoo.com
Oil’s Rally Takes Breather as Traders Turn Gaze to Stockpiles
September 6, 2023 | finance.yahoo.com
Sluggish Canadian Banks Face Stock Sales Over Capital Rules
September 6, 2023 | finance.yahoo.com
RBC CEO Sees Interest Rates Coming Down Next Year, Allowing for Soft Landing
September 5, 2023 | finance.yahoo.com
Nadine Ahn of RBC to speak at the Barclays Global Financial Services Conference 2023
August 28, 2023 | msn.com
Royal Bank of Canada: Still Not Time To Buy
August 28, 2023 | finance.yahoo.com
AI is quietly building financial intelligence for younger Canadians, yet skepticism remains, reveals new RBC Survey
August 28, 2023 | finance.yahoo.com
Dave McKay of RBC to speak at the Scotiabank Financials Summit 2023
August 27, 2023 | markets.businessinsider.com
Barclays Keeps Their Sell Rating on Royal Bank Of Canada (RY)
August 25, 2023 | finance.yahoo.com
Royal Bank of Canada (RY) Stock Gains as Q3 Earnings Rise Y/Y
August 25, 2023 | finance.yahoo.com
Homeowner Stress Bursts Into View in Canada Banks’ Mortgage Data
August 25, 2023 | finance.yahoo.com
Royal Bank of Canada (NYSE:RY) Q3 2023 Earnings Call Transcript
August 24, 2023 | finance.yahoo.com
Royal Bank of Canada: Royal Bank of Canada Earnings: Results Roughly as Expected, Although Expenses Keep Rising
August 24, 2023 | seekingalpha.com
Royal Bank of Canada declares dividend of C$1.35
August 24, 2023 | msn.com
Royal Bank of Canada Q3 earnings helped by lower taxes, shift in business mix
August 21, 2023 | markets.businessinsider.com
Scotiabank Keeps Their Buy Rating on Royal Bank Of Canada (RY)
August 18, 2023 | finance.yahoo.com
UBS Loses $5.5 Billion Advisor Team to RBC
August 14, 2023 | msn.com
A Bull Market Could Be Here: 3 Reasons to Buy Royal Bank Stock
See More Headlines
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RY Company Calendar

Ex-Dividend for 8/24 Dividend
7/25/2023
Last Earnings
8/24/2023
Dividend Payable
8/24/2023
Today
10/04/2023
Ex-Dividend for 11/24 Dividend
10/25/2023
Dividend Payable
11/24/2023
Next Earnings (Estimated)
11/29/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Banks—Diversified
Sub-Industry
N/A
Sector
Financial Services
Current Symbol
TSE:RY
CUSIP
N/A
CIK
N/A
Web
www.rbc.com
Phone
+1-416-9748393
Fax
N/A
Employees
93,753
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$134.03
High Stock Price Forecast
C$142.00
Low Stock Price Forecast
C$122.00
Forecasted Upside/Downside
+18.5%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$10.34
Trailing P/E Ratio
10.94
Forward P/E Ratio
9.70
P/E Growth
6.86
Net Income
C$14.37 billion
Net Margins
27.28%
Pretax Margin
N/A
Return on Equity
13.51%
Return on Assets
0.77%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
N/A
Quick Ratio
N/A

Sales & Book Value

Annual Sales
C$53.54 billion
Price / Sales
2.96
Cash Flow
C$474.18 per share
Price / Cash Flow
0.24
Book Value
C$75.28 per share
Price / Book
1.50

Miscellaneous

Outstanding Shares
1,400,000,000
Free Float
N/A
Market Cap
C$158.40 billion
Optionable
Optionable
Beta
0.79
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Key Executives

  • Mr. David I. McKayMr. David I. McKay (Age 60)
    Pres, CEO & Director
    Comp: $4.54M
  • Ms. Nadine Ahn (Age 52)
    Chief Financial Officer
    Comp: $1.55M
  • Mr. Neil McLaughlin
    Group Head of Personal & Commercial Banking
  • Mr. Douglas Antony Guzman
    Group Head of Wealth Management, Insurance, Investor & Treasury Services
  • Mr. Derek Neldner CFAMr. Derek Neldner CFA
    Group Head & CEO of RBC Capital Markets
  • Mr. Bruce Ross
    Group Head of Technology & Operations
  • Mr. Christoph Knoess
    Chief Admin. & Strategy Officer
  • Mr. Asim Imran
    VP & Head of Investor Relations
  • Ms. Maria Douvas
    Chief Legal Officer
  • Ms. Amy Cairncross
    Sr. VP of Communications

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













RY Stock - Frequently Asked Questions

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

11 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 5 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 forecast for 2023?

11 brokers have issued twelve-month price targets for Royal Bank of Canada's shares. Their RY share price forecasts range from C$122.00 to C$142.00. On average, they anticipate the company's share price to reach C$134.03 in the next year. This suggests a possible upside of 18.5% 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 2023?

Royal Bank of Canada's stock was trading at C$127.30 at the beginning of 2023. Since then, RY stock has decreased by 11.1% and is now trading at C$113.14.
View the best growth stocks for 2023 here.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our RY earnings forecast.

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

Royal Bank of Canada (TSE:RY) posted its quarterly earnings data on Thursday, August, 24th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.16. The financial services provider had revenue of $14.49 billion for the quarter, compared to analysts' expectations of $12.89 billion. Royal Bank of Canada had a net margin of 27.28% and a trailing twelve-month return on equity of 13.51%.

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, October 25th. Stockholders of record on Thursday, October 26th will be given a dividend of 1.35 per share on Friday, November 24th. This represents a $5.40 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Wednesday, October 25th.
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$5.40 per share and currently has a dividend yield of 4.48%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.22%. 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).

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 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.

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

One share of RY stock can currently be purchased for approximately C$113.14.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (TSE:RY) has a market capitalization of C$158.40 billion and generates C$53.54 billion in revenue each year. The financial services provider earns C$14.37 billion in net income (profit) each year or C$10.34 on an earnings per share basis.

How many employees does Royal Bank of Canada have?

The company employs 93,753 workers across the globe.

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 official website for the company is www.rbc.com. The financial services provider can be reached via phone at +1-416-9748393.

This page (TSE:RY) was last updated on 10/4/2023 by MarketBeat.com Staff

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