RY icon

Royal Bank of Canada

119.04 USD
-0.27
0.23%
At close Feb 14, 4:00 PM EST
After hours
118.76
-0.28
0.24%
1 day
-0.23%
5 days
-0.05%
1 month
0.35%
3 months
-2.74%
6 months
7.86%
Year to date
-0.53%
1 year
23.01%
5 years
45.69%
10 years
89.52%
 

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

0
Funds holding %
of 6,831 funds
Analysts bullish %

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

Low target
$193
62%
upside
Avg. target
$193
62%
upside
High target
$193
62%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
BMO Capital
Sohrab Movahedi
78% 1-year accuracy
7 / 9 met price target
62%upside
$193
Outperform
Maintained
5 Dec 2024

Financial journalist opinion

Neutral
Business Wire
3 days ago
Royal Bank of Canada and Subsidiary City National Bank Announce Jersey Partnership With the LA Galaxy and Founding Partnership With Dignity Health Sports Park
LOS ANGELES--(BUSINESS WIRE)--LA Galaxy and Royal Bank of Canada and its LA subsidiary City National Bank launched partnership to include a jersey sleeve patch and other assets.
Royal Bank of Canada and Subsidiary City National Bank Announce Jersey Partnership With the LA Galaxy and Founding Partnership With Dignity Health Sports Park
Positive
Seeking Alpha
1 week ago
My Top 10 High-Yield Dividend Stocks For February 2025
SPY kicks off 2025 with a gain of 2.67% in January. VYM is off to an even better start with a gain of 3.75%. The top 10 stocks on the watchlist for February 2025 offer a 3.43% dividend yield, nearly triple that of the S&P 500. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 15.95% since its inception in November 2020.
My Top 10 High-Yield Dividend Stocks For February 2025
Neutral
Accesswire
1 month ago
Aegis Capital Corp. Announces the Hiring of a New Managing Director
NEW YORK, NY / ACCESSWIRE / January 14, 2025 / Aegis Capital Corp. (www.aegiscapcorp.com) a full-service wealth management, financial services and investment banking firm, is pleased to announce Manuel Rose has joined the firm as a Managing Director. Manuel "Manny" Rose is a seasoned wealth management professional with over 12 years of experience as a financial professional.
Aegis Capital Corp. Announces the Hiring of a New Managing Director
Neutral
PRNewsWire
1 month ago
RBC and Cohere partner to develop the next generation of highly secure generative AI solutions for financial services
TORONTO , Jan. 9, 2025 /PRNewswire/ - RBC (TSX: RY) (NYSE: RY) today announced it has partnered with Cohere , a leader in security and privacy-focused enterprise AI, to co-develop and securely deploy an enterprise generative AI (genAI) solution optimized for financial services. The platform, called North for Banking, will integrate with RBC's and Cohere's own proprietary foundation models, as well as RBC's internal platforms with the goal to accelerate the development of genAI solutions at RBC securely and efficiently.
RBC and Cohere partner to develop the next generation of highly secure generative AI solutions for financial services
Positive
Seeking Alpha
1 month ago
My Top 10 High-Yield Dividend Stocks For January 2025
SPY ends 2024 on a sour note but with a total gain of 24.89%. The top 10 stocks on the watchlist for January 2025 offer a 3.45% dividend yield, nearly triple that of the S&P 500. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 16.33% since its inception in November 2020.
My Top 10 High-Yield Dividend Stocks For January 2025
Positive
Seeking Alpha
2 months ago
Royal Bank of Canada: Great Company, Not A Great Price
Royal Bank of Canada recently reported solid results that showed year-over-year growth in most areas. The Company is the largest bank in Canada and has a strong U.S. presence. RY has a solid track record for both growth and dividends.
Royal Bank of Canada: Great Company, Not A Great Price
Neutral
Zacks Investment Research
2 months ago
The Zacks Analyst Blog Raymond James Financial, ChoiceOne Financial Services, Royal Bank of Canada and Canadian Imperial Bank of Commerce
Raymond James Financial, ChoiceOne Financial Services, Royal Bank of Canada and Canadian Imperial Bank of Commerce are included in this Analyst Blog.
The Zacks Analyst Blog Raymond James Financial, ChoiceOne Financial Services, Royal Bank of Canada and Canadian Imperial Bank of Commerce
Negative
Zacks Investment Research
2 months ago
4 Finance Stocks With Recent Dividend Hikes to Keep An Eye On
RJF, COFS, RY and CM are stocks to look out for a regular stream of income, given recent dividend hikes amid an uncertain operating backdrop.
4 Finance Stocks With Recent Dividend Hikes to Keep An Eye On
Neutral
Seeking Alpha
2 months ago
Royal Bank of Canada (RY) Q4 2024 Earnings Call Transcript
Royal Bank of Canada (NYSE:RY ) Q4 2024 Earnings Conference Call December 4, 2024 8:00 AM ET Company Participants Asim Imran - Investor Relations Dave McKay - President & Chief Executive Officer Katherine Gibson - Chief Financial Officer Graeme Hepworth - Chief Risk Officer Erica Nielsen - Group Head, Personal Banking Sean Amato-Gauci - Group Head, Commercial Banking Derek Neldner - Group Head, Capital Markets Conference Call Participants Ebrahim Poonawala - Bank of America John Aiken - Jefferies Doug Young - Desjardins Capital Markets Meny Grauman - Scotiabank Sohrab Movahedi - BMO Capital Markets Paul Holden - CIBC Gabriel Dechaine - National Bank Financial Mario Mendonca - TD Securities Matthew Lee - Canaccord Genuity Lemar Persaud - Cormark Securities Operator Good morning, ladies and gentlemen. Welcome to the RBC's 2024 Fourth Quarter Results Conference Call.
Royal Bank of Canada (RY) Q4 2024 Earnings Call Transcript
Positive
Zacks Investment Research
2 months ago
Will Royal Bank (RY) Beat Estimates Again in Its Next Earnings Report?
Royal Bank (RY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Will Royal Bank (RY) Beat Estimates Again in Its Next Earnings Report?
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