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RY

Royal Bank of Canada

RY

NYSE·Financial Services·Banks - Diversified·Mkt cap $289.5B

$204.79

-1.69%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$127.38 - $209.37

P/E

14.07

Fwd P/E

13.30

Beta

0.94

Div Yield

2.17%

Avg Vol

1.6M

Shares Out

1.4B

Mkt Cap

$289.5B

Price action

Price chart

Up 58.8% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

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

6 reasons

  • Largest bank in Canada with 160+ year heritage and brand recognition
  • Diversified revenue streams across retail, commercial, wealth, and institutional segments
  • Extensive distribution network including branches, ATMs, mobile platforms, and digital channels
  • Strong capital position and regulatory standing as systemically important institution
  • Comprehensive product suite enabling cross-selling and customer lifetime value
  • Global reach with institutional-grade asset servicing and treasury capabilities

Bear Case

2 risks

  • Average volatility.
  • Premium valuation to sector peers

Growth

Revenue decline expected

Digital transformation and mobile banking expansion increasing customer engagement

Value

Premium valuation to sector peers

Momentum

Hot

+27.5% over 3m

Quality

Strong

Excellent business quality

Dividend

Solid

2.17% yield

Earnings track record

Latest print - beat on both lines

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

Next: Aug 26, 2026

Q2 26 RECAP

MAY 28, 2026

Reported EPS of $2.84 vs $2.81 consensus (+1.1% surprise). Revenue of $12.8B vs $12.7B expected (+0.8%). Beat on both top and bottom lines.

EPS beat +1.1%
Rev beat +0.8%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+1.1%

Next: Aug 26, 2026

Revenue trend · last 8Q

-2%

+1%

+3%

+1%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$33.1B

$34.5B

$33.9B

$35.2B

$32.6B

$34.7B

$34.8B

$35.5B

Margins · last 8Q

Gross

47.5%

Operating

20.9%

Profit

16.3%

Wall Street consensus

Analyst coverage

Live ratings and price targets aggregated across covering analysts.

No analyst coverage on file for this stock yet.

vs Industry

How RY stacks vs Banks - Diversified

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

Industry comparison data unavailable for this stock.

Related

Peers & themes

Peers

No peer data available.

Themes

No themes assigned.