Free Trial

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

$120.93
-0.56 (-0.46%)
(As of 09/6/2024 ET)
Today's Range
$119.94
$122.31
50-Day Range
$105.65
$122.10
52-Week Range
$77.90
$122.91
Volume
759,529 shs
Average Volume
1.09 million shs
Market Capitalization
$171.13 billion
P/E Ratio
15.00
Dividend Yield
3.40%
Price Target
$142.50

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
17.8% Upside
$142.50 Price Target
Short Interest
Healthy
0.97% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.62mentions of Royal Bank of Canada in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.52%
From $8.90 to $9.48 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.

4.36 out of 5 stars

Finance Sector

147th out of 871 stocks

Commercial Banks, Not Elsewhere Classified Industry

7th out of 32 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

fiberglass insulation in the attic
Owens-Corning Stock: Good Value or Recession Red Flag?
A solid earnings report wasn't enough to reverse the pre-earnings selloff in OC stock, but solid fundamentals and past history suggest this is a buyable dip
“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
Former RBC CFO further pushes back against firing in legal filings
RBC Plans to Sit Out Bank Consolidation Wave in US, McKay Says
“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
Royal Bank Of Canada (RY) Gets a Buy from Argus Research
See More Headlines
Receive RY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Royal Bank of Canada and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
11/30/2023
Ex-Dividend for 8/23 Dividend
7/25/2024
Dividend Payable
8/23/2024
Today
9/07/2024
Fiscal Year End
10/31/2024
Next Earnings (Estimated)
12/05/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$142.50
High Stock Price Target
$165.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+17.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$11.02 billion
Pretax Margin
14.23%

Debt

Sales & Book Value

Annual Sales
$60.00 billion
Cash Flow
$10.01 per share
Book Value
$58.30 per share

Miscellaneous

Outstanding Shares
1,415,075,000
Free Float
N/A
Market Cap
$171.13 billion
Optionable
Optionable
Beta
0.86

Social Links

Beginner's Guide to Pot Stock Investing Cover

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Key Executives

Should I Buy Royal Bank of Canada Stock? RY Pros and Cons Explained

Pros

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

  • Royal Bank of Canada operates as a diversified financial service company worldwide, offering a wide range of banking services including checking and savings accounts, home equity financing, personal lending, private banking, and more.
  • Recent developments in the company's operations have shown growth and stability, making it a reliable investment option for investors.

Cons

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

  • One of the cons of investing in Royal Bank of Canada is the current stock price, which may not be as attractive for investors looking for immediate gains.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Royal Bank of Canada pros and cons to contact@marketbeat.com.

RY Stock Analysis - Frequently Asked Questions

How have RY shares performed this year?

Royal Bank of Canada's stock was trading at $101.13 at the beginning of 2024. Since then, RY stock has increased by 19.6% and is now trading at $120.93.
View the best growth stocks for 2024 here
.

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

Royal Bank of Canada (NYSE:RY) released its quarterly earnings data on Thursday, November, 30th. The financial services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 trailing twelve-month return on equity of 15.17% and a net margin of 12.28%.

Does Royal Bank of Canada have any subsidiaries?

Royal Bank of Canada subsidiaries include Brewin Dolphin, WayPay, City National Corporation, BlueBay Asset Management, Mourant Private Wealth, Richardson Barr & Co., Ferris Baker Watts Incorporated, and others.

Who are Royal Bank of Canada's major shareholders?

Royal Bank of Canada's top institutional shareholders include TD Asset Management Inc (2.27%), Mackenzie Financial Corp (1.78%), National Bank of Canada FI (1.43%) and 1832 Asset Management L.P. (1.27%).

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.

What other stocks do shareholders of Royal Bank of Canada own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Bank of Nova Scotia (BNS).

This page (NYSE:RY) was last updated on 9/7/2024 by MarketBeat.com Staff

From Our Partners