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

$109.30
+0.89 (+0.82%)
(As of 05/31/2024 ET)
Today's Range
$107.47
$109.46
50-Day Range
$96.38
$109.30
52-Week Range
$77.90
$109.47
Volume
1.65 million shs
Average Volume
1.16 million shs
Market Capitalization
$154.65 billion
P/E Ratio
13.77
Dividend Yield
3.73%
Price Target
$137.67

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
26.0% Upside
$137.67 Price Target
Short Interest
Healthy
1.34% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
1.20mentions of Royal Bank of Canada in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.93%
From $8.51 to $9.27 Per Share

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.

4.94 out of 5 stars

Finance Sector

28th out of 889 stocks

Commercial Banks, Not Elsewhere Classified Industry

1st out of 26 stocks

RY stock logo

About Royal Bank of Canada Stock (NYSE: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

RBC launches a new Truth and Reconciliation Office
Royal Bank of Canada: Risks Ahead
See More Headlines
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Company Calendar

Last Earnings
11/30/2023
Ex-Dividend for 5/24 Dividend
4/24/2024
Dividend Payable
5/24/2024
Today
5/31/2024
Next Earnings (Estimated)
8/22/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Employees
91,398
Year Founded
1896

Price Target and Rating

Average Stock Price Target
$137.67
High Stock Price Target
$150.00
Low Stock Price Target
$124.00
Potential Upside/Downside
+26.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$11.02 billion
Pretax Margin
14.26%

Debt

Sales & Book Value

Annual Sales
$87.48 billion
Cash Flow
$10.63 per share
Book Value
$58.30 per share

Miscellaneous

Outstanding Shares
1,414,940,000
Free Float
N/A
Market Cap
$154.65 billion
Optionable
Optionable
Beta
0.85

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Key Executives


RY Stock Analysis - Frequently Asked Questions

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 1 hold rating, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" RY shares.
View RY analyst ratings
or view top-rated stocks.

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

6 brokers have issued twelve-month target prices for Royal Bank of Canada's stock. Their RY share price targets range from $124.00 to $150.00. On average, they anticipate the company's share price to reach $137.67 in the next year. This suggests a possible upside of 26.0% 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 $101.13 at the beginning of the year. Since then, RY stock has increased by 8.1% and is now trading at $109.2950.
View the best growth stocks for 2024 here
.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 18,900,000 shares, a decline of 37.1% from the April 30th total of 30,040,000 shares. Based on an average trading volume of 1,080,000 shares, the days-to-cover ratio is presently 17.5 days. Currently, 1.3% of the company's stock are short sold.
View Royal Bank of Canada's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 22nd 2024.
View our RY earnings forecast
.

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

Royal Bank of Canada (NYSE:RY) issued its quarterly earnings results on Thursday, November, 30th. The financial services provider reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.13. The financial services provider had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.63 billion. Royal Bank of Canada had a net margin of 12.43% and a trailing twelve-month return on equity of 14.74%. During the same quarter in the previous year, the firm earned $2.09 EPS.

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 Thursday, May 30th. Investors of record on Thursday, July 25th will be paid a dividend of $1.03 per share on Friday, August 23rd. This represents a $4.12 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, July 25th. This is a positive change from the stock's previous quarterly dividend of $1.02.
Read our dividend analysis for RY
.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $4.08 per share and currently has a dividend yield of 3.97%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 44.01% next year. This indicates that the company will be able to sustain or increase its dividend.
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), AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Bank of America (BAC), Bank of Nova Scotia (BNS), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).

Who are Royal Bank of Canada's major shareholders?

Royal Bank of Canada's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.94%), TD Asset Management Inc (2.30%), 1832 Asset Management L.P. (1.31%), National Bank of Canada FI (1.23%), Toronto Dominion Bank (1.20%) and Capital World Investors (0.45%).

How do I buy shares of Royal Bank of Canada?

Shares of RY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Royal Bank of Canada have any subsidiaries?
The following companies are subsidiares of Royal Bank of Canada: Abacus Financial Services Group Limited, Admiralty Bancorp Inc., Alabama National BanCorporation, American Guaranty & Trust, BlueBay Asset Management, Brewin Dolphin, Business Men’s Assurance Company, Capital Funding Alberta Limited, Centura Banks Inc., City National Bank, City National Corporation, Credit Suisse Private Banking North America, Dain Rauscher, Daniels & Associates L.P., Eagle Bancshares Inc., Ferris Baker Watts Incorporated, Flag Financial Corporation, Investment Holdings (Cayman) Limited, J.B. Hanauer & Co., Liberty Insurance Services Corporation, Liberty Life Insurance Company, Mourant Private Wealth, Phillips Hager & North Investment Management Ltd., Prism Financial, Provident Financial Group Inc., R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Capital Markets LLC, RBC Caribbean Investments Limited, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Global Asset Management Inc., RBC Insurance Holdings Inc, RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC U.S. Group Holdings LLC, RBC USA Holdco Corporation, RBTT Financial Group, Richardson Barr & Co., Richardson Greenshields, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada Insurance Company Ltd., Royal Trust, Royal Trust Corporation of Canada, Seasongood & Mayer LLC, Security First Network Bank, Sterling Capital Mortgage Company, The Royal Trust Company, Tucker Anthony Sutro Corporation, Voyageur Insurance Company, WayPay, Westbury Canadian Life Insurance Company, and William R. Hough & Co. Inc..
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This page (NYSE:RY) was last updated on 6/1/2024 by MarketBeat.com Staff

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