Royal Bank of Canada (RY)

NYSE: RY · IEX Real-Time Price · USD
96.92
-1.05 (-1.07%)
At close: Feb 27, 2024, 4:00 PM
97.16
+0.24 (0.25%)
Pre-market: Feb 28, 2024, 4:00 AM EST
-1.07%
Market Cap 137.80B
Revenue (ttm) 40.97B
Net Income (ttm) 10.85B
Shares Out 1.41B
EPS (ttm) 7.75
PE Ratio 12.50
Forward PE 8.46
Dividend $4.09 (4.22%)
Ex-Dividend Date Jan 24, 2024
Volume 1,160,253
Open 97.39
Previous Close 97.97
Day's Range 96.46 - 97.90
52-Week Range 77.90 - 102.13
Beta 0.84
Analysts Hold
Price Target 132.50 (+36.71%)
Earnings Date Feb 28, 2024

About 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 smal... [Read more]

Sector Financials
Founded 1864
Employees 91,427
Stock Exchange NYSE
Ticker Symbol RY
Full Company Profile

Financial Performance

In 2023, RY's revenue was 56.13 billion, an increase of 14.58% compared to the previous year's 48.99 billion. Earnings were 14.86 billion, a decrease of -5.92%.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for RY stock is "Hold." The 12-month stock price forecast is $132.5, which is an increase of 36.71% from the latest price.

Price Target
$132.5
(36.71% upside)
Analyst Consensus: Hold
Stock Forecasts

News

RBC unit City National Bank cuts nearly 100 jobs after financial losses

City National Bank, the American unit of Royal Bank of Canada , has cut around 100 jobs after recent financial losses, management changes and a regulatory fine of $65 million.

13 days ago - Reuters

Aegis Capital Corp. Announces the Hiring of a New Managing Director

NEW YORK, NY / ACCESSWIRE / January 3, 2024 / Aegis Capital Corp., - Aegis Capital Corp. ( www.aegiscapcorp.com) a full-service wealth management, financial services and investment banking firm is pl...

7 weeks ago - Accesswire

Royal Bank of Canada gets nod for $10 bln purchase of HSBC unit

Dec 21 (Reuters) - Canada on Thursday approved Royal Bank of Canada's (RY.TO) C$13.5 billion dollars ($10.2 billion) acquisition of HSBC's (HSBA.L) domestic unit, in a deal that would further tighten ...

Other symbols: HSBC
2 months ago - Reuters

Aegis Capital Corp. Announces the Hiring of a Fixed Income Trader

NEW YORK, NY / ACCESSWIRE / December 20, 2023 / Aegis Capital Corp., - Aegis Capital Corp. ( www.aegiscapcorp.com) a full-service wealth management, financial services and investment banking firm is ...

2 months ago - Accesswire

Royal Bank of Canada profit jumps on investment banking boost

Royal Bank of Canada reported a rise in fourth-quarter profit on Thursday, as a strong performance in its corporate and investment banking unit offset a hit from bigger loan-default provisions.

3 months ago - Reuters

RBC to pay $6 mln to settle US charges of internal accounting control violations

The Royal Bank of Canada (RBC) has agreed to pay a $6 million penalty to settle U.S. charges it violated internal accounting controls, the U.S. Securities and Exchange Commission (SEC) said on Thursda...

4 months ago - Reuters

Canada Parliament panel asks Ottawa to reject RBC, HSBC unit deal

The finance committee of Canada's House of Commons lower chamber has asked Ottawa to reject Royal Bank of Canada's C$13.5 billion acquisition of HSBC's domestic unit, citing the lack of competition in...

Other symbols: HSBC
4 months ago - Reuters

RBC injected about $3 billion this year into US unit to boost capital

Royal Bank of Canada has injected about $2.95 billion into its U.S. unit City National Bank (CNB) so far this year to bolster its capital, making one of the biggest annual infusions of funds since acq...

4 months ago - Reuters

Aegis Capital Corp. Announces the Opening of our Newest California Office Location

NEW YORK, NY / ACCESSWIRE / October 26, 2023 / Aegis Capital Corp. ( www.aegiscapcorp.com) a full-service wealth management, financial services and investment banking firm is pleased to announce the ...

4 months ago - Accesswire

Canada's Conservative leader urges rejection of RBC's offer for HSBC Canada -media

Pierre Poilievre, Canada's Conservative party leader, called for the federal government to reject Royal Bank of Canada's C$13.5 billion ($9.84 billion) offer to buy HSBC's domestic unit, the Globe and...

Other symbols: HSBC
4 months ago - Reuters

Canada's RBC injects capital into unit City National to strengthen liquidity

Royal Bank of Canada (RBC) on Friday said it had injected capital into City National to strengthen its subsidiary's liquidity position and pay down the higher cost of borrowing.

5 months ago - Reuters

Eight big banks must face US cities' bond collusion claims

A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they paid on a popular municipal bond.

Other symbols: BACBCSCGSJPMMSWFC
5 months ago - Reuters

Canada's antitrust agency favors RBC's $10 bln deal for HSBC unit

Canada's Competition Bureau said on Friday Royal Bank of Canada's (RBC) proposed acquisition of HSBC's domestic unit for C$13.5 billion ($10 billion) is unlikely to substantially hurt competition.

Other symbols: HSBC
6 months ago - Reuters

RBC plans job cuts after profit beat, TD misses on higher expenses

Royal Bank of Canada (RBC) warned of a softer economy ahead and plans to cut about 1,800 job after Canada's largest bank beat analysts' estimates for the third quarter on Thursday helped by cost cutti...

6 months ago - Reuters

Royal Bank of Canada, criticized on climate, seeks executive to tackle issue

Royal Bank of Canada , facing criticism from climate activists for its lending to oil and gas companies, is creating a new position in its senior executive ranks to implement an effective response to ...

7 months ago - Reuters

Canada extends consultation period for RBC's $13.5 bln bid for HSBC unit

Canada's finance ministry has extended the consultation period for Royal Bank of Canada's $13.5 billion proposed acquisition of HSBC's Canadian unit by 15 days due to a technical error that prevented ...

Other symbols: HSBC
8 months ago - Reuters

RBC says resolving display issue with online, mobile banking

The Royal Bank of Canada is working to resolve a technical issue that is preventing transactions displaying for online and mobile banking clients, the bank said on Twitter.

9 months ago - Reuters

TD, RBC miss profit estimates as bad loan provisions rise; CIBC beats

May 25 (Reuters) - Canada's two biggest lenders, TD (TD.TO) and Royal Bank of Canada (RY.TO), missed analysts' estimates for quarterly earnings on Thursday as tough economic conditions spurred lenders...

Other symbols: TD
9 months ago - Reuters

Five banks unlawfully shared information on government bonds, U.K. regulator says

The U.K.'s Competition and Markets Authority on Wednesday said it has provisionally found that Citi, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada broke competition law by exchanging se...

Other symbols: CDBHSBCMS
10 months ago - Market Watch

HSBC, Citi, Deutsche Bank, Morgan Stanley and RBC traders broke competition law, watchdog finds

Britain's Competition and Markets Authority said on Wednesday it had provisionally found five major global banks broke UK competition law by exchanging sensitive information on government bonds in one...

Other symbols: DBHSBCCMS
10 months ago - Reuters

Aegis Capital Corp. Announces their Virtual Conference Taking Place May 2-4, 2023

NEW YORK, NY / ACCESSWIRE / May 1, 2023 / Aegis Capital Corp. ("Aegis") a full-service wealth management, financial services and investment banking firm is pleased to announce the Aegis Capital Corp. ...

10 months ago - Accesswire

Aegis Capital Corp. Announces the Opening of the Rochester, NY Location

NEW YORK, NY / ACCESSWIRE / April 18, 2023 / Aegis Capital Corp., - Aegis Capital Corp. ( www.aegiscapcorp.com) a full-service wealth management, financial services and investment banking firm is ple...

11 months ago - Accesswire

U.S. bank crisis 'unlikely' to spill over to Canada, analyst says

Canada's top six lenders have ample liquidity and manageable credit risks which will help them to emerge largely unscathed from the crisis of confidence that has rocked the global banks over the last ...

Other symbols: BMOCMTD
1 year ago - Reuters

3 Canadian Banks That Just Increased Their Dividends

Canadian financial institutions Royal Bank of Canada (NYSE: RY), Bank of Montreal (NYSE: BMO), and Bank of Novia Scotia (NYSE: BNS) all raised their dividends since February 28, as MarketBeat's data o...

Other symbols: BMOBNS
1 year ago - MarketBeat

Aegis Capital Corp. Announces the Opening of the Rolling Hills Estate, CA Location

NEW YORK, NY / ACCESSWIRE / January 3, 2023 / Aegis Capital Corp., ( www.aegiscapcorp.com) a full-service wealth management, financial services and investment banking firm is pleased to announce the ...

1 year ago - Accesswire