NYSE · Banking

Royal Bank Of Canada

Q: What does Royal Bank of Canada do?

Royal Bank generates revenue through personal and commercial banking in Canada, offering mortgages, deposits, credit cards, and small business loans. The bank also operates a significant wealth management division and capital markets business providing investment banking and trading services. RY's diversified model includes insurance operations, and it has expanded into the U.S. through wealth management acquisitions, though Canada remains the core profit driver.

Q: Is RY stock a good investment?

Royal Bank offers investors stable earnings from Canada's oligopolistic banking system, which features limited competition among five major banks. The stock provides a solid dividend yield near 3% with a history of consistent increases. However, growth is constrained by Canada's mature market and housing market sensitivity. Valuation multiples are moderate, and the bank benefits from strong capital ratios and risk management during economic cycles.

Q: Who are Royal Bank of Canada's main competitors?

Toronto-Dominion Bank (TD) competes across retail and commercial banking with a larger U.S. presence, Bank of Nova Scotia focuses on Latin American markets alongside Canadian operations, while Bank of Montreal and Canadian Imperial Bank of Commerce round out Canada's Big Five. In wealth management, RY faces competition from U.S. firms like Morgan Stanley and UBS.

Q: Does Royal Bank of Canada pay dividends?

Royal Bank has maintained uninterrupted dividend payments for decades and typically increases its payout annually, reflecting strong profitability and capital generation. The dividend yield usually ranges from 3-4%, supported by conservative payout ratios around 50%. Canadian banking regulations require robust capital levels, which underpin RY's reliable dividend policy and make it a core holding for income investors.

Q: How much does RY stock cost right now?

RY last closed at $162.11, up 0.18% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $151.25 and a high of $240.34. The current price represents 12% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

Q: What is the analyst consensus for RY?

Among 24 analysts covering RY, the consensus rating is Strong Buy — 21 rate it a buy, 3 hold, and 0 sell. The average price target sits at $402.35, implying 148% upside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

Q: Does Royal Bank Of Canada make money?

Royal Bank Of Canada generated $67.38B in revenue during fiscal year 2026, with $27.95B reaching the bottom line as net income. The net profit margin of 32.3% is strong by most industry standards.

Q: Is RY stock expensive based on earnings?

RY trades at a P/E ratio of 16.09 on trailing earnings of $14.43 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Banking sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

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$162.11

+0.29 (+0.18%)

As of Mar 24, 9:30 PM ET ·

Day Range $159.95 — $162.60

52W Range $151.25 — $240.34

Performance

1D —

1W —

1M —

3M -5.48%

6M +10.95%

1Y +38.97%

YTD -5.08%

Open$160.60

Previous Close$161.82

Day High$162.60

Day Low$159.95

52W High$240.34

52W Low$151.25

Volume—

Avg Volume3.54M

Market Cap327.62B

P/E Ratio16.09

EPS$14.43

SectorBanking

Technical Indicators

Full analysis →

SMA 50 $169.14 Below

SMA 200 $145.89 Above

RSI (14) 54.2 Neutral

Trend Golden Cross Bullish

Analyst Ratings

Strong Buy

24 analysts

21 Buy 3 Hold 0 Sell

Price Target +148.2% upside

Current
$162.11

Target
$402.35

$262.38 $402.35 avg $479.37

Key Financials

	FY 2026	FY 2025	FY 2024
Revenue	67.38B	67.69B	117.04B
Net Income	27.95B	25.27B	35.69B
Profit Margin	32.3%	30.7%	30.5%
EBITDA	36.97B	35.28B	44.55B
Free Cash Flow	—	—	20.40B
Rev Growth	-0.5%	-0.5%	-8.3%
Debt/Equity	2.59	2.59	0.15

Dividend

Dividend Yield2.80%

Annual Dividend$6.25

Payout Ratio43.2%

Frequencysemi-annual

Ex-DividendApr 16, 2026

Pay DateApr 28, 2026

About Royal Bank Of Canada

Royal Bank of Canada, based in Toronto, Ontario, is Canada's largest bank by market capitalization and a leading North American financial institution. The bank provides personal, commercial, investment, and wealth management services across Canada, the United States, and internationally. RBC operates one of the largest banking networks in North America. The bank serves millions of customers through multiple channels.

Banking Peers

Symbol	Name	Price	Change	P/E	Mkt Cap
JPM	JPMorgan Chase & Co	$295.20	+0.96%	14.6	830.82B
BAC	Bank of America Corp	$48.73	+1.23%	12.3	377.82B
WFC	Wells Fargo & Co	$79.61	+1.70%	13.7	291.17B
TD	Toronto-Dominion Bank	$93.53	-0.11%	10.0	217.34B
C	Citigroup Inc	$113.74	+1.88%	13.4	192.16B
BMO	Bank Of Montreal	$136.39	-0.53%	14.6	132.50B

RY Frequently Asked Questions

What does Royal Bank of Canada do?

Royal Bank generates revenue through personal and commercial banking in Canada, offering mortgages, deposits, credit cards, and small business loans. The bank also operates a significant wealth management division and capital markets business providing investment banking and trading services. RY's diversified model includes insurance operations, and it has expanded into the U.S. through wealth management acquisitions, though Canada remains the core profit driver.

Is RY stock a good investment?

Royal Bank offers investors stable earnings from Canada's oligopolistic banking system, which features limited competition among five major banks. The stock provides a solid dividend yield near 3% with a history of consistent increases. However, growth is constrained by Canada's mature market and housing market sensitivity. Valuation multiples are moderate, and the bank benefits from strong capital ratios and risk management during economic cycles.

Who are Royal Bank of Canada's main competitors?

Toronto-Dominion Bank (TD) competes across retail and commercial banking with a larger U.S. presence, Bank of Nova Scotia focuses on Latin American markets alongside Canadian operations, while Bank of Montreal and Canadian Imperial Bank of Commerce round out Canada's Big Five. In wealth management, RY faces competition from U.S. firms like Morgan Stanley and UBS.

Does Royal Bank of Canada pay dividends?

Royal Bank has maintained uninterrupted dividend payments for decades and typically increases its payout annually, reflecting strong profitability and capital generation. The dividend yield usually ranges from 3-4%, supported by conservative payout ratios around 50%. Canadian banking regulations require robust capital levels, which underpin RY's reliable dividend policy and make it a core holding for income investors.

How much does RY stock cost right now?

RY last closed at $162.11, up 0.18% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $151.25 and a high of $240.34. The current price represents 12% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

What is the analyst consensus for RY?

Among 24 analysts covering RY, the consensus rating is Strong Buy — 21 rate it a buy, 3 hold, and 0 sell. The average price target sits at $402.35, implying 148% upside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

Does Royal Bank Of Canada make money?

Royal Bank Of Canada generated $67.38B in revenue during fiscal year 2026, with $27.95B reaching the bottom line as net income. The net profit margin of 32.3% is strong by most industry standards.

Is RY stock expensive based on earnings?

RY trades at a P/E ratio of 16.09 on trailing earnings of $14.43 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Banking sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

Is RY stock going up or down?

Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: -5.48% (3M), +10.95% (6M), +38.97% (1Y), -5.08% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether RY is outperforming or lagging the broader market.