Royal Bank of Canada
About: Royal Bank of Canada is one of the two largest banks in Canada, with over CAD 2 trillion in assets. It is a diversified financial services company, offering personal and commercial banking, wealth management, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada and has dominant market shares. RBC also has wealth and capital market businesses in the US, UK, and other countries. RBC is a top 15 investment bank globally.
Employees: 94,838
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
141% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 37
48% more call options, than puts
Call options by funds: $1.22B | Put options by funds: $828M
12% more capital invested
Capital invested by funds: $71.5B [Q2] → $80.4B (+$8.89B) [Q3]
7% more funds holding
Funds holding: 667 [Q2] → 711 (+44) [Q3]
2% more funds holding in top 10
Funds holding in top 10: 53 [Q2] → 54 (+1) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 219 | Existing positions reduced: 228
1.75% less ownership
Funds ownership: 47.41% [Q2] → 45.66% (-1.75%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
BMO Capital Sohrab Movahedi 78% 1-year accuracy 7 / 9 met price target | 62%upside $193 | Outperform Maintained | 5 Dec 2024 |
Financial journalist opinion









