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S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
It's Called "the Singularity" (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
It's Called "the Singularity" (Ad)
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Recession risks are fading, business economists say, but political tensions pose threat to economy
66,000% upside on tiny biotech? (Ad)
Stock market today: World shares mostly higher after S&P 500 tops 5,000
Biden's campaign joins TikTok, even as administration warns of national security concerns with app
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
It's Called "the Singularity" (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
It's Called "the Singularity" (Ad)
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Recession risks are fading, business economists say, but political tensions pose threat to economy
66,000% upside on tiny biotech? (Ad)
Stock market today: World shares mostly higher after S&P 500 tops 5,000
Biden's campaign joins TikTok, even as administration warns of national security concerns with app
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
It's Called "the Singularity" (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
It's Called "the Singularity" (Ad)
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Recession risks are fading, business economists say, but political tensions pose threat to economy
66,000% upside on tiny biotech? (Ad)
Stock market today: World shares mostly higher after S&P 500 tops 5,000
Biden's campaign joins TikTok, even as administration warns of national security concerns with app
NYSE:RY

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

$97.34
+0.58 (+0.60%)
(As of 02/9/2024 08:56 PM ET)
Compare
Today's Range
$96.52
▼
$97.50
50-Day Range
$91.02
▼
$101.94
52-Week Range
$77.90
▼
$104.67
Volume
1.16 million shs
Average Volume
1.34 million shs
Market Capitalization
$137.14 billion
P/E Ratio
12.50
Dividend Yield
4.09%
Price Target
$131.50
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
35.1% Upside
$131.50 Price Target
Short Interest
Bearish
0.93% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.38mentions of Royal Bank of Canada in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.46%
From $8.58 to $9.22 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.

4.49 out of 5 stars

Finance Sector

174th out of 836 stocks

Commercial Banks, Not Elsewhere Classified Industry

5th out of 27 stocks

See Top Rated MarketRank™ Stocks Here

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

February 12, 2024 | seekingalpha.com
RBC Global Asset Management reports mutual fund net sales of $347 million in January
February 11, 2024 | americanbankingnews.com
Royal Bank of Canada (NYSE:RY) to Post FY2024 Earnings of $8.33 Per Share, Desjardins Forecasts
February 12, 2024 | Stansberry Research (Ad)
Massive "Lightning Line" Rollout Underway Across America…
America's financial elite are engineering a sudden and surprising shift to the US money system. It's backed by the Treasury and Federal Reserve... and could trigger some very strange changes at your bank...
February 9, 2024 | finance.yahoo.com
RBC Global Asset Management Inc. announces January sales results for RBC Funds, PH&N Funds and BlueBay Funds
February 9, 2024 | benzinga.com
RBC Capital's Rating Upgrade Propels IGM Biosciences Into Immunology Limelight
February 9, 2024 | benzinga.com
Earnings Preview: What To Expect To When Eye Health Company Bausch + Lomb Reports Q4 Performance Later This Month
February 9, 2024 | investing.com
Berry Global stock target cut at RBC Capital on merger/spinoff impact
February 9, 2024 | seekingalpha.com
Royal Bank of Canada: A Strategic Blend Of Risk Management And Growth
February 12, 2024 | Stansberry Research (Ad)
Massive "Lightning Line" Rollout Underway Across America…
America's financial elite are engineering a sudden and surprising shift to the US money system. It's backed by the Treasury and Federal Reserve... and could trigger some very strange changes at your bank...
February 9, 2024 | americanbankingnews.com
Desjardins Weighs in on Royal Bank of Canada's Q1 2024 Earnings (NYSE:RY)
February 8, 2024 | finance.yahoo.com
Oil Climbs But Remains Rangebound as Volatility Tumbles
February 7, 2024 | americanbankingnews.com
Royal Bank of Canada (NYSE:RY) Lowered to Sell at StockNews.com
February 6, 2024 | msn.com
RRSP Investors: Is Royal Bank of Canada Stock a Buy Now?
February 6, 2024 | finance.yahoo.com
RBC Climate Action Institute Releases Inaugural Climate Action Report
February 5, 2024 | investing.com
Reporting season a 'mixed bag' so far - RBC Capital
February 1, 2024 | finance.yahoo.com
UPDATE 1-Bank of Canada says federal budget could hinder inflation fight
February 1, 2024 | morningstar.com
Royal Bank of Canada RY
February 1, 2024 | finance.yahoo.com
RBC Wealth Management survey: Retirement worries intensify as planning and saving get more complex
February 1, 2024 | finance.yahoo.com
RBC to announce first quarter results on February 28, 2024
January 28, 2024 | finance.yahoo.com
Oil Climbs After Separate Attacks Escalate Middle East Tensions
January 25, 2024 | msn.com
3 Things About Royal Bank of Canada Every Smart Investor Knows
January 25, 2024 | finance.yahoo.com
Royal Bank of Canada announces dividend rates on NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shares Series BO and NVCC Non-Cumulative Floating Rate First Preferred Shares Series BP
January 23, 2024 | wsj.com
Royal Bank of Canada
January 19, 2024 | finance.yahoo.com
ABB Falls as US Congress Reviews its Operations in China
January 17, 2024 | finance.yahoo.com
RBC Global Asset Management Inc. announces RBC ETF cash distributions for January 2024
January 16, 2024 | msn.com
Could Royal Bank Stock Help You Retire a Millionaire?
January 12, 2024 | finance.yahoo.com
Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.38
See More Headlines
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Company Calendar

Ex-Dividend for 11/24 Dividend
10/25/2023
Dividend Payable
11/24/2023
Last Earnings
11/30/2023
Ex-Dividend for 2/23 Dividend
1/24/2024
Today
2/11/2024
Dividend Payable
2/23/2024
Next Earnings (Confirmed)
2/28/2024
Fiscal Year End
10/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NYSE:RY
CUSIP
N/A
CIK
1000275
Web
www.rbc.com
Phone
(888) 212-5533
Fax
416-955-7800
Employees
91,398
Year Founded
1896

Price Target and Rating

Average Stock Price Target
$131.50
High Stock Price Target
$139.00
Low Stock Price Target
$124.00
Potential Upside/Downside
+35.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$7.79
Trailing P/E Ratio
12.50
Forward P/E Ratio
11.34
P/E Growth
1.87
Net Income
$11.02 billion
Net Margins
12.59%
Pretax Margin
15.65%
Return on Equity
15.21%
Return on Assets
0.82%

Debt

Debt-to-Equity Ratio
0.10
Current Ratio
0.87
Quick Ratio
0.87

Sales & Book Value

Annual Sales
$87.48 billion
Price / Sales
1.57
Cash Flow
$10.00 per share
Price / Cash Flow
9.73
Book Value
$58.30 per share
Price / Book
1.67

Miscellaneous

Outstanding Shares
1,408,830,000
Free Float
N/A
Market Cap
$137.14 billion
Optionable
Optionable
Beta
0.87

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Key Executives

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions














RY Stock Analysis - Frequently Asked Questions

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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 1 sell rating, 1 hold rating and 2 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?

4 Wall Street analysts have issued 12 month target prices for Royal Bank of Canada's shares. Their RY share price targets range from $124.00 to $139.00. On average, they anticipate the company's stock price to reach $131.50 in the next year. This suggests a possible upside of 35.1% 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 $101.13 at the start of the year. Since then, RY stock has decreased by 3.7% and is now trading at $97.34.
View the best growth stocks for 2024 here.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest in January. As of January 15th, there was short interest totaling 13,040,000 shares, an increase of 52.5% from the December 31st total of 8,550,000 shares. Based on an average trading volume of 1,220,000 shares, the days-to-cover ratio is currently 10.7 days. Currently, 0.9% of the company's shares 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 Wednesday, February 28th 2024.
View our RY earnings forecast.

How can I listen to Royal Bank of Canada's earnings call?

Royal Bank of Canada will be holding an earnings conference call on Wednesday, February 28th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "7594177#".

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

Royal Bank of Canada (NYSE:RY) posted its quarterly earnings data on Thursday, November, 30th. The financial services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.92 by $0.13. The financial services provider earned $9.59 billion during the quarter, compared to analysts' expectations of $9.63 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 15.21% and a net margin of 12.59%. During the same period in the previous year, the firm earned $2.09 earnings per share.

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 Friday, December 1st. Shareholders of record on Thursday, January 25th will be paid a dividend of $1.0155 per share on Friday, February 23rd. This represents a $4.06 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Wednesday, January 24th.
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 $3.98 per share and currently has a dividend yield of 4.09%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 43.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RY.

What ETF holds Royal Bank of Canada's stock ?

Cizzle Biotechnology holds 392 shares of RY stock, representing 0.08% of its portfolio.

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 number of institutional and retail investors. Top institutional shareholders include Canoe Financial LP (10.73%), Mackenzie Financial Corp (1.91%), National Bank of Canada FI (1.36%), Norges Bank (1.33%), Beutel Goodman & Co Ltd. (0.78%) and Fiera Capital Corp (0.32%).

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 2/12/2024 by MarketBeat.com Staff

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