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NYSE:RY

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

$96.76
-0.27 (-0.28%)
(As of 02/8/2024 ET)
Today's Range
$95.67
$96.94
50-Day Range
$90.40
$101.94
52-Week Range
$77.90
$104.72
Volume
1.21 million shs
Average Volume
1.35 million shs
Market Capitalization
$136.32 billion
P/E Ratio
12.42
Dividend Yield
4.11%
Price Target
$131.50

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
35.9% 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
0.55mentions of Royal Bank of Canada in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.21%
From $8.60 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

178th out of 842 stocks

Commercial Banks, Not Elsewhere Classified Industry

5th out of 28 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

Oil Climbs But Remains Rangebound as Volatility Tumbles
Royal Bank of Canada (NYSE:RY) Lowered to Sell at StockNews.com
Dangerous Bank Change (3 steps to protect yourself)
In July of this year, the US government made a sweeping change to bank accounts nationwide.  It gave them unheard-of powers to control your bank account. They can now closely track every transaction. They could even freeze it. Unless you protect yourself today. Fortunately, there are 3 simple steps you can take to safeguard your savings.
Reporting season a 'mixed bag' so far - RBC Capital
Royal Bank of Canada RY
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move
He started from nothing and became a multimillionaire...He's now one of the most sought-after trading experts...Yet he operates 858 miles from Wall Street.And now, he's revealing his #1 favorite strategy that targets MASSIVE weekly profits with just one stock ticker.
Royal Bank of Canada
ABB Falls as US Congress Reviews its Operations in China
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
2/08/2024
Dividend Payable
2/23/2024
Next Earnings (Confirmed)
2/28/2024
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
$131.50
High Stock Price Target
$139.00
Low Stock Price Target
$124.00
Potential Upside/Downside
+35.5%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$11.02 billion
Pretax Margin
15.65%

Debt

Sales & Book Value

Annual Sales
$87.48 billion
Cash Flow
$10.01 per share
Book Value
$58.30 per share

Miscellaneous

Outstanding Shares
1,408,830,000
Free Float
N/A
Market Cap
$136.70 billion
Optionable
Optionable
Beta
0.87

Social Links

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Key Executives















RY Stock Analysis - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1 year target prices for Royal Bank of Canada's shares. Their RY share price targets range from $124.00 to $139.00. On average, they expect the company's stock price to reach $131.50 in the next twelve months. This suggests a possible upside of 35.9% 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 2024. Since then, RY stock has decreased by 4.3% and is now trading at $96.76.
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 daily volume of 1,220,000 shares, the days-to-cover ratio is currently 10.7 days. Currently, 0.9% of the shares of the 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 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) announced its quarterly earnings results on Thursday, November, 30th. The financial services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $1.92 by $0.13. The financial services provider earned $9.59 billion during the quarter, compared to the consensus estimate of $9.63 billion. Royal Bank of Canada had a net margin of 12.59% and a trailing twelve-month return on equity of 15.21%. During the same period in the previous year, the company 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. Investors 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 annualized dividend and a dividend yield of 4.20%. 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 4.10%. 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 many different retail and institutional investors. Top institutional investors include Canoe Financial LP (10.73%), Mackenzie Financial Corp (1.91%), National Bank of Canada FI (1.36%), Fiera Capital Corp (0.32%), Sumitomo Mitsui Trust Holdings Inc. (0.23%) and AGF Management Ltd. (0.20%).

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 2/8/2024 by MarketBeat.com Staff

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