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Royal Bank of Canada RY

US equityMarket cap rank #48Banks - Diversified
$199.22
−$0.24 (-0.12%)
Market open · Sep 24, 1:10 pm ET
After hours $199.45 0.00%
Open$198.67
Prev close$199.45
Day range$198.07 – $200.13
Volume274.6K
Market cap$275.80B
P/E (TTM)17.7
Dividend yield2.36%

Price chart

Daily bars for up to one year, weekly bars for the 5-year view. Averages are 50/200 trading days (10/40 weeks on the 5-year view).

RY at a glance

RY last changed hands at $199.22 (down 0.12%). At $275.80B, Royal Bank of Canada is ranked #48 by size among the 300 stocks on BeStock.

The 52-week range is $139.22 to $218.11. Today's price is about 76% of the way from the low to the high. Holders are ahead 39.1% over twelve months, but down 0.8% across the last three months.

Price is below the 50-day average ($208.55) but above the 200-day ($183.61); RSI is 43, and the last 30 sessions moved at roughly 17% annualized volatility.

For the quarter ended Jul 2026 it reported C$18.51B in revenue, up 9.1% from a year earlier, with C$6.02B of net profit (a 31.2% margin).

Valuation works out to 17.7 times trailing earnings, 31% above its five-year average of 13.5. The median for its industry group is 16.3.

7 analysts follow the stock and the average call is "buy". The mean target, $223.75, sits 12.3% over where the stock trades.

This summary is put together from the numbers on the page and updates when they do. It describes the data; it is not a forecast or a recommendation.

Royal Bank of Canada: the business

Royal Bank of Canada is the country's largest bank, with retail banking, wealth management, capital markets and insurance.

What tends to move it. Canadian consumer credit and its capital markets earnings, plus its dividend, are the main items.

Written by hand by the BeStock desk and revised when a business changes. See how we work. Spot something out of date? Tell us.

Performance

Price return over each window, from adjusted daily and weekly closes

1 day
-0.1%
1 week
-1.5%
1 month
-2.4%
3 months
-0.8%
6 months
+24.5%
Year to date
+19.2%
1 year
+39.1%
Day range
$198.07$200.13
52-week range
$139.22$218.11

Technical signals

Full technicals →
Trend readLeaning bearish

2 bullish · 4 bearish of 7 signals

IndicatorValueSignal
Price vs 20-day average-3.1%Bearish
Price vs 50-day average-4.5%Bearish
Price vs 200-day average+8.5%Bullish
50-day vs 200-day50d above 200dBullish
RSI (14)42.6Bearish
MACD (12,26,9)-1.23Bearish
Bollinger band position-12%Neutral

Standard indicator readings worked out from daily closes. They describe how the price has behaved, not where it is going.

Key statistics

Bid / Ask$198.94 / $199.22
Average price today$199.25
Volume274.6KAvg (90d) 1.39M
Turnover$54.72M
Turnover rate0.02%of shares outstanding
Volume ratio0.38vs. recent average pace
Day amplitude1.03%
Market cap$275.80B
Float market cap$275.54B
Shares outstanding1.38B
EPS (TTM)$9.98
P/E (TTM)17.71
P/B2.91
Book value / share$68.57
Earnings yield0.16%
Dividend (TTM)$4.70 / shareYield 2.36%
Net profit (TTM)$13.81B
Net assets$94.94B
30-day volatility17.1%annualized
Avg daily range (ATR)1.49%of price, 14 days
Max drawdown (1y)-10.0%-8.0% from 1y peak

Quote as of Sep 24, 2026 1:10 pm ET. Prices can lag the live tape. This is background information, not a recommendation.

How RY ranks on BeStock

Market value#48 of 300
P/E (cheapest = 1)#87 of 283
Dividend yield#92 of 244
Closeness to 52-week high#90 of 300
Dollar volume today#274 of 300

Ranks are among the 300 or so U.S.-listed stocks BeStock covers, recalculated whenever prices refresh. A row is left out when the measure does not apply, such as yield for a stock that pays no dividend.

Latest reported quarter: Q3, ended Jul 2026 · reported in CAD

RevenueC$18.51B+9.1% YoY
Net profitC$6.02B+11.3% YoY
Diluted EPSC$4.23+12.8% YoY
Free cash flowC$34.36B+20.7% YoY
Operating cash flowC$35.10B

Revenue, last 8 quarters

C$15.1BOct '24C$16.7BJan '25C$15.7BApr '25C$17.0BJul '25C$17.2BOct '25C$17.9BJan '26C$17.4BApr '26C$18.5BJul '26

Net profit, last 8 quarters

C$4.2BOct '24C$5.1BJan '25C$4.4BApr '25C$5.4BJul '25C$5.4BOct '25C$5.8BJan '26C$5.5BApr '26C$6.0BJul '26

Profitability & balance sheet

Net margin31.2%
Return on equity17.2%
Return on assets0.9%
Liabilities / assets94.2%
Cash & investmentsC$114.57B
Total debtC$595.33B
Net cash (debt)-C$480.75B
Free cash flow / sales108.6%

Where the revenue comes from

Quarter 2026/Q3

By business line

  • Wealth ManagementC$6.41B 34.6%
  • Personal BankingC$5.29B 28.5%
  • Capital MarketsC$4.21B 22.7%
  • Commercial BankingC$2.25B 12.1%
  • InsuranceC$328.00M 1.8%
  • Corporate SupportC$49.00M 0.3%
Average move on report day±2.4%last 15 reports
Closed higher7 of 1547% of the time
Best reaction+5.5%
Worst reaction-3.6%

Stock move on the day after each report

+0.5%2024/Q4-3.6%2025/Q1-3.1%2025/Q2+5.5%2025/Q3+1.5%2025/Q4-2.2%2026/Q1-0.1%2026/Q2-1.3%2026/Q3

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Valuation

Multiples measured against the stock's own five-year history

Valuation detail →
Price / earnings18.0x
CheapRich

Near the top of its 5-year range · 95th percentile, 5-year average 13.5x

#1379 of 2977 stocks by PE (1 = cheapest)

Price / book2.9x
CheapRich

Near the top of its 5-year range · 95th percentile, 5-year average 2.0x

#3563 of 5303 stocks by PB (1 = cheapest)

Price / sales5.5x
CheapRich

Near the top of its 5-year range · 95th percentile, 5-year average 3.9x

#3938 of 5143 stocks by PS (1 = cheapest)

P/E over five years

9x13x17x21xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$185.00
Price vs. fair value+7.7%Trading above the estimate
Star rating★★☆☆☆
Economic moatWide
UncertaintyLow

Analyst view

All ratings →
ConsensusBuy
Analysts7
Average target$223.75+12.3% vs. price
  • Buy 71%
  • Hold 29%
Low $216.30Now $199.22Avg $223.75High $233.60

Latest rating actions

  • 3 Sep 2026CCORFBUY
  • 3 Sep 2026CIBCHOLD · PT $216.30
  • 31 Aug 2026KBWHOLD · PT $233.60
  • 30 Aug 2026KBWHOLD · PT $233.24
  • 28 Aug 2026TD CowenBUY · PT $220.62

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Ownership detail →
Institutional ownership47.4%+0.19 pts vs. prior quarter
Institutions holding1,250-1 vs. prior quarter
Short interest0.38% of floatDays to cover 3.6 · as of 31 Aug 2026
Short-sale volume share22.6%5-day average of daily volume

Short-sale volume as % of daily volume

9%23%37%51%Aug '26Sep '26Sep '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$14.48M (5 inflow days, 15 outflow days).

Dividends

Dividend yield (TTM)2.36%
Upcoming dividend$1.31Ex-date 26 Oct 2026
Next-to-last$1.31
Payments on file40

Dividends paid per share, by year

2.9320183.0520193.2820203.4420213.8320223.9720234.0920244.332025

Across the full calendar years shown, the annual payout grew by roughly 5.8% a year.

Latest headlines

More news →
  • CIBC Maintains Royal Bank of Canada(RY.US) With Hold Rating, Cuts Target Price to $217.58Market news · 3 Sep 2026
  • KBW Maintains Royal Bank of Canada(RY.US) With Hold Rating, Raises Target Price to $233.72Market news · 31 Aug 2026
  • KBW Maintains Royal Bank of Canada(RY.US) With Hold Rating, Raises Target Price to $233.24Market news · 31 Aug 2026
  • A Quick Look at Today's Ratings for Royal Bank of Canada(RY.US), With a Forecast Between $223.57 to $230.04Market news · 29 Aug 2026
  • Barclays Maintains Royal Bank of Canada(RY.US) With Buy Rating, Cuts Target Price to $216.52Market news · 28 Aug 2026
  • Royal Bank of Canada 3Q Commercial Banking Net C$936M, Up 12% RY.TDow Jones · 27 Aug 2026

RY stock: common questions

How is Royal Bank of Canada stock doing today?

$199.22 is the latest print for RY, a move of -0.12% against yesterday's close of $199.45. Today's low and high so far: $198.07 and $200.13.

How large is Royal Bank of Canada by market value?

Equity value comes to $275.80B at the current price. By that measure it is number 48 of the 300 names in our coverage.

Is RY expensive on earnings?

Buyers pay 17.7 times the last twelve months of profit (EPS $9.98). Averaged over five years the multiple has been 13.5, and today's level ranks in the 95th percentile of its own history.

How far is RY from its yearly high?

The year's floor is $139.22 and the ceiling $218.11. Shares are 8.7% away from that ceiling.

Are there dividends on Royal Bank of Canada shares?

It does. Payouts over the past twelve months work out to a 2.36% yield; the latest ex-dividend date was July 27, 2026.

Do Wall Street analysts like RY?

Of 7 analysts, 71% say buy, 29% hold and 0% sell. Price targets average $223.75, with the most cautious at $216.30 and the most optimistic at $233.60.

How does Royal Bank of Canada make money?

Royal Bank of Canada is the country's largest bank, with retail banking, wealth management, capital markets and insurance.

BeStock publishes market data and analysis for information only. Nothing here is investment advice or a solicitation to buy or sell any security. Quotes may be delayed and figures can contain errors; check primary sources before you trade. How we source and calculate these pages.

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