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RY

Royal Bank of Canada

RY

NYSE·Financial Services·Banks - Diversified·Mkt cap $284.3B

$204.23

-0.15%

P/E

14.25

Mkt Cap

$284.3B

52-Wk Range

$143.13–$218.57

52-Week Range

$143.13 - $218.57

P/E

14.25

Fwd P/E

17.30

Beta

0.93

Div Yield

2.32%

Avg Vol

1.5M

Shares Out

1.4B

Mkt Cap

$284.3B

Price action

Price chart

Up 40.8% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Market-leading scale and brand recognition as Canada's largest bank
  • Diversified revenue streams across retail, commercial, wealth, insurance, and institutional services
  • Extensive distribution network including branches, ATMs, digital platforms, and mobile solutions
  • Deep expertise in treasury, asset servicing, and institutional capital markets solutions
  • Strong cross-selling capabilities leveraging integrated service platform

Bear Case

2 risks

  • Average volatility.
  • Significant premium - growth priced in

Growth

Revenue decline expected

Digital transformation and mobile banking expansion driving customer acquisition and engagement

Value

Significant premium - growth priced in

Momentum

Strong

+8.2% over 3m

Quality

Strong

Strong fundamentals

Dividend

Solid

2.32% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Q3 26 RECAP

AUG 27, 2026

Reported EPS of $3.07 vs $2.89 consensus (+6.2% surprise). Revenue of $13.2B vs $13.0B expected (+1.9%). Beat on both top and bottom lines.

EPS beat +6.2%
Rev beat +1.9%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+6.2%

Revenue trend · last 8Q

-2%

+1%

+3%

+1%

+4%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$34.5B

$33.9B

$35.2B

$32.6B

$34.7B

$34.8B

$35.5B

$24.7B

Margins · last 8Q

Gross

Operating

Profit

16.2%

Wall Street consensus

4 analysts · 75% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

75%

Hold

1

25%

Sell

0%

Median Price Target

Latest: Scotiabank · Aug 28, 2026

vs Industry

How RY stacks vs Banks - Diversified

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.