Royal Bank Stock Today

RY Stock  CAD 134.34  0.29  0.22%   

Performance

3 of 100

 
Low
 
High
Insignificant

Odds Of Distress

Less than 6

 
100  
 
Zero
Low
Royal Bank is selling at 134.34 as of the 19th of March 2024; that is -0.22 percent down since the beginning of the trading day. The stock's open price was 134.63. Royal Bank has only a 6 % chance of going through financial distress over the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Royal Bank are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of November 2022 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Banks
Category
Financial Services
Classification
Financials
Royal Bank of Canada operates as a diversified financial service company worldwide. The company was founded in 1864 and is headquartered in Toronto, Canada. ROYAL BANK operates under Banking classification in Canada and is traded on Toronto Stock Exchange. The company has 1.41 B outstanding shares of which 13.35 M shares are at this time shorted by private and institutional investors with about 1.71 days to cover all short positions. More on Royal Bank

Moving together with Royal Stock

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Moving against Royal Stock

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Royal Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Royal Bank's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Royal Bank or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Royal Bank's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Royal Bank's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEODavid McKay
Thematic IdeaInvestor Favorites (View all Themes)
Business ConcentrationDiversified Banks, Banks - Diversified, Financial Services, Investor Favorites, Financials, Banks, Banks—Diversified, Financial Services (View all Sectors)
Royal Bank's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Royal Bank's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Royal Bank's financial leverage. It provides some insight into what part of Royal Bank's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Royal Bank's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Royal Bank deploys its capital and how much of that capital is borrowed.
Liquidity
Royal Bank cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 111.39 B in total debt with debt to equity ratio (D/E) of 0.14, which may suggest the company is not taking enough advantage from borrowing. Debt can assist Royal Bank until it has trouble settling it off, either with new capital or with free cash flow. So, Royal Bank's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Royal Bank sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Royal to invest in growth at high rates of return. When we think about Royal Bank's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

281.35 Million
Royal Bank (RY) is traded on Toronto Exchange in Canada and employs 90,166 people. Royal Bank is listed under Diversified Banks category by Fama And French industry classification. The company currently falls under 'Mega-Cap' category with a current market capitalization of 190.35 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Royal Bank's market, we take the total number of its shares issued and multiply it by Royal Bank's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Royal Bank classifies itself under Banks sector and is part of Financials industry. The entity has 1.41 B outstanding shares of which 13.35 M shares are at this time shorted by private and institutional investors with about 1.71 days to cover all short positions. Royal Bank has accumulated about 701.08 B in cash with 26.08 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 503.75.
Check Royal Bank Probability Of Bankruptcy
Ownership Allocation
Royal Bank owns a total of 1.41 Billion outstanding shares. Over half of Royal Bank's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Royal Bank. Please watch out for any change in the institutional holdings of Royal Bank as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Royal Ownership Details

Royal Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Royal Bank jumping above the current price in 90 days from now is about 9.93%. The Royal Bank probability density function shows the probability of Royal Bank stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Royal Bank has a beta of 0.7341 indicating as returns on the market go up, Royal Bank average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Royal Bank will be expected to be much smaller as well. Additionally, the company has an alpha of 0.013, implying that it can generate a 0.013 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 134.34HorizonTargetOdds Above 134.34
89.74%90 days
 134.34 
9.93%
Based on a normal probability distribution, the odds of Royal Bank to move above the current price in 90 days from now is about 9.93 (This Royal Bank probability density function shows the probability of Royal Stock to fall within a particular range of prices over 90 days) .

Royal Bank Historical Income Statement

Royal Bank Income Statement is one of the three primary financial statements used for reporting Royal's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Royal Bank revenue and expense. Royal Bank Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Royal Bank's EBIT is very stable compared to the past year. As of the 19th of March 2024, EBITDA is likely to grow to about 49.3 B, while Total Other Income Expense Net is likely to drop (17 B). View More Fundamentals

Royal Stock Against Markets

Picking the right benchmark for Royal Bank stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Royal Bank stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Royal Bank is critical whether you are bullish or bearish towards Royal Bank at a given time. Please also check how Royal Bank's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Royal Bank without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Royal Bank Corporate Directors

Royal Bank corporate directors refer to members of a Royal Bank board of directors. The board of directors generally takes responsibility for the Royal Bank's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Royal Bank's board members must vote for the resolution. The Royal Bank board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Jacynthe CoteIndependent DirectorProfile
Andrew ChisholmIndependent DirectorProfile
Timothy HearnIndependent DirectorProfile
William BeattieIndependent DirectorProfile

How to buy Royal Stock?

Before investing in Royal Bank, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Royal Bank. To buy Royal Bank stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Royal Bank. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Royal Bank stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Royal Bank stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Royal Bank stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Royal Bank, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Royal Stock please use our How to Invest in Royal Bank guide.

Already Invested in Royal Bank?

The danger of trading Royal Bank is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Royal Bank is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Royal Bank. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Royal Bank is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Royal Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Royal Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Royal Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Royal Bank Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Bank. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Royal Stock, please use our How to Invest in Royal Bank guide.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running Royal Bank's price analysis, check to measure Royal Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Royal Bank is operating at the current time. Most of Royal Bank's value examination focuses on studying past and present price action to predict the probability of Royal Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royal Bank's price. Additionally, you may evaluate how the addition of Royal Bank to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Royal Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royal Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royal Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.