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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
AI Stock Caught Trading Under Secret Name (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
AI Stock Caught Trading Under Secret Name (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
AI Stock Caught Trading Under Secret Name (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
TSE:RY

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

C$133.22
+0.92 (+0.70%)
(As of 02/23/2024 ET)
Today's Range
C$132.44
C$133.60
50-Day Range
C$128.54
C$135.33
52-Week Range
C$107.92
C$138.80
Volume
3.06 million shs
Average Volume
6.18 million shs
Market Capitalization
C$187.84 billion
P/E Ratio
12.69
Dividend Yield
4.14%
Price Target
C$137.15

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
3.0% Upside
C$137.15 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.18mentions of Royal Bank of Canada in the last 14 days
Based on 14 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.

1.82 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 Stock (NYSE:RY) Insider Trades
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See More Headlines
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Company Calendar

Last Earnings
11/30/2023
Ex-Dividend for 2/23 Dividend
1/24/2024
Dividend Payable
2/23/2024
Today
2/24/2024
Next Earnings (Confirmed)
2/28/2024

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$137.15
High Stock Price Target
C$148.00
Low Stock Price Target
C$122.00
Potential Upside/Downside
+3.0%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
14 Analysts

Profitability

Net Income
C$14.62 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$53.66 billion
Cash Flow
C$558.34 per share
Book Value
C$78.79 per share

Miscellaneous

Outstanding Shares
1,410,000,000
Free Float
N/A
Market Cap
C$187.84 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 Wednesday, February 21, 2024 at 1:19 PM.

Pros

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

  • Royal Bank of Canada has a strong track record of consistently increasing dividends, providing investors with a reliable income stream.
  • The company has a solid financial position with a high net margin of 27.69% and a return on equity of 13.16%, indicating efficient use of shareholder equity.
  • Recent analyst ratings have been positive, with several analysts setting new price targets above the current stock price, suggesting potential for capital appreciation.
  • Royal Bank of Canada's quarterly earnings have consistently met or exceeded analyst expectations, demonstrating strong financial performance.
  • The company operates as a diversified financial service company worldwide, offering a wide range of financial products and services, which can help mitigate risks associated with a single sector.

Cons

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

  • Despite positive analyst ratings, there have been sell ratings on the stock, indicating some concerns about the company's future performance.
  • The stock price has been fluctuating, with a 12-month low of C$107.92 and a high of C$138.80, which may lead to volatility in returns for investors.
  • While the company has increased its dividend, the dividend payout ratio is relatively high at 52.62%, which may limit future dividend growth or reinvestment in the business.
  • The P/E ratio of 12.64 and P/E/G ratio of 6.86 suggest that the stock may be overvalued compared to its growth prospects, potentially leading to a correction in the stock price.
  • Market conditions and regulatory changes in the financial services industry could impact Royal Bank of Canada's profitability and growth potential 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 brokers have issued 1-year price targets for Royal Bank of Canada's stock. Their RY share price targets range from C$122.00 to C$148.00. On average, they predict the company's stock price to reach C$137.15 in the next year. This suggests a possible upside of 3.0% 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 on January 1st, 2024. Since then, RY stock has decreased by 0.6% and is now trading at C$133.22.
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 Wednesday, February 28th 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 Thursday, November, 30th. The financial services provider reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.14. The financial services provider earned $13.03 billion during the quarter, compared to analysts' expectations of $12.97 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 13.16% and a net margin of 27.69%.

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, January 24th. Investors of record on Thursday, January 25th will be given a dividend of 1.38 per share on Friday, February 23rd. This represents a $5.52 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Wednesday, January 24th. This is a positive change from the stock's previous quarterly dividend of C$1.35.
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 52.57%. 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 2/25/2024 by MarketBeat.com Staff