Royal Bank of Canada (RY)
| Market Cap | 137.14B |
| Revenue (ttm) | 40.69B |
| Net Income (ttm) | 11.36B |
| Shares Out | 1.41B |
| EPS (ttm) | 7.80 |
| PE Ratio | 12.48 |
| Forward PE | 8.43 |
| Dividend | $4.02 (4.13%) |
| Ex-Dividend Date | Apr 24, 2024 |
| Volume | 465,274 |
| Open | 96.98 |
| Previous Close | 96.83 |
| Day's Range | 96.52 - 98.29 |
| 52-Week Range | 77.90 - 103.88 |
| Beta | 0.83 |
| Analysts | Hold |
| Price Target | 138.33 (+42.05%) |
| Earnings Date | May 23, 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]
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 StatementsAnalyst Forecast
According to 3 analysts, the average rating for RY stock is "Hold." The 12-month stock price forecast is $138.33, which is an increase of 42.05% from the latest price.
News
Royal Bank of Canada announces NVCC AT1 Limited Recourse Capital Notes issue
TORONTO , April 17, 2024 /PRNewswire/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced the offering of US$1.0 billion of non-viability contingent capital (NVCC) Additional Tier 1 (AT1) Limi...
Royal Bank of Canada fires finance boss over undisclosed relationship
The Royal Bank of Canada fired its Chief Financial Officer Nadine Ahn after an internal probe revealed that she was in an undisclosed personal relationship with another employee that violated the bank...
Royal Bank of Canada fires CFO over undisclosed relationship
Royal Bank of Canada on Friday said it appointed Katherine Gibson as interim Chief Financial Officer, effective immediately, following the departure of Nadine Ahn.
Citi, JPMorgan, RBC to give new climate metric in deals with New York City
Citigroup , JPMorgan and Royal Bank of Canada (RBC) will disclose a new climate metric under agreements between New York City Comptroller Brad Lander and the three large North American banks.
Aegis Capital Corp. Announces the Hiring of a New Managing Director
NEW YORK, NY / ACCESSWIRE / March 8, 2024 / Aegis Capital Corp., - Aegis Capital Corp. (www.aegiscapcorp.com) a full-service wealth management, financial services and investment banking firm is please...
Royal Bank of Canada's Q1 profit falls on bigger rainy-day funds
Royal Bank of Canada reported a lower first-quarter profit on Wednesday, hurt by bigger provisions for loans that can sour in a tough economy.
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.
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 ...
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 ...
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.
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...
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...
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...
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 ...
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...
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.
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.
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...
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 ...
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 ...
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.
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...
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...
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...