Royal Bank of Canada
About: Royal Bank of Canada is one of the two largest banks in Canada, with over CAD 2 trillion in assets. It is a diversified financial services company, offering personal and commercial banking, wealth management, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada and has dominant market shares. RBC also has wealth and capital market businesses in the US, UK, and other countries. RBC is a top 15 investment bank globally.
Employees: 94,838
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
125% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 40
20% more call options, than puts
Call options by funds: $925M | Put options by funds: $768M
3% more funds holding
Funds holding: 713 [Q3] → 732 (+19) [Q4]
5% more repeat investments, than reductions
Existing positions increased: 243 | Existing positions reduced: 232
0.96% less ownership
Funds ownership: 45.66% [Q3] → 44.7% (-0.96%) [Q4]
4% less funds holding in top 10
Funds holding in top 10: 54 [Q3] → 52 (-2) [Q4]
5% less capital invested
Capital invested by funds: $80.4B [Q3] → $76.3B (-$4.07B) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$193
62%
upside
Avg. target
$193
62%
upside
High target
$193
62%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
BMO Capital Sohrab Movahedi 89% 1-year accuracy 8 / 9 met price target | 62%upside $193 | Outperform Maintained | 5 Dec 2024 |
Financial journalist opinion
Based on 5 articles about RY published over the past 30 days
Neutral
Seeking Alpha
19 hours ago
The Stocks And ETFs Driving Trump's Tariff Target Markets
Trump's tariffs cause short-term volatility, but long-term market impact is minimal; earnings remain the key focus for investors. The three countries in questions are Canada, China, and Mexico. This blog dives into several major companies domiciled in one of those three countries. In the long-term scheme of things the fundamentals of the companies behind these ADRs and stocks are likely to be more deterministic than any geopolitical factors.
Negative
Proactive Investors
1 day ago
HSBC and four other banks agree settlement after rigging UK govt bond auctions
Fines of just £100 million have been dished out to bankers from HSBC Holdings PLC (LSE:HSBA), Citigroup Inc (NYSE:C), Morgan Stanley (NYSE:MS) and Royal Bank of Canada (TSX:RY) for rigging UK government bond sales. The bankers unlawfully shared what would normally be competitively sensitive information about aspects of the pricing of gilts between 2009-2013, using Bloomberg's one-to-one chat messaging platform.
Neutral
Zacks Investment Research
1 day ago
Royal Bank (RY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Royal Bank (RY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
1 week ago
Royal Bank of Canada and Subsidiary City National Bank Announce Jersey Partnership With the LA Galaxy and Founding Partnership With Dignity Health Sports Park
LOS ANGELES--(BUSINESS WIRE)--LA Galaxy and Royal Bank of Canada and its LA subsidiary City National Bank launched partnership to include a jersey sleeve patch and other assets.
Positive
Seeking Alpha
2 weeks ago
My Top 10 High-Yield Dividend Stocks For February 2025
SPY kicks off 2025 with a gain of 2.67% in January. VYM is off to an even better start with a gain of 3.75%. The top 10 stocks on the watchlist for February 2025 offer a 3.43% dividend yield, nearly triple that of the S&P 500. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 15.95% since its inception in November 2020.
Neutral
Accesswire
1 month ago
Aegis Capital Corp. Announces the Hiring of a New Managing Director
NEW YORK, NY / ACCESSWIRE / January 14, 2025 / Aegis Capital Corp. (www.aegiscapcorp.com) a full-service wealth management, financial services and investment banking firm, is pleased to announce Manuel Rose has joined the firm as a Managing Director. Manuel "Manny" Rose is a seasoned wealth management professional with over 12 years of experience as a financial professional.
Neutral
PRNewsWire
1 month ago
RBC and Cohere partner to develop the next generation of highly secure generative AI solutions for financial services
TORONTO , Jan. 9, 2025 /PRNewswire/ - RBC (TSX: RY) (NYSE: RY) today announced it has partnered with Cohere , a leader in security and privacy-focused enterprise AI, to co-develop and securely deploy an enterprise generative AI (genAI) solution optimized for financial services. The platform, called North for Banking, will integrate with RBC's and Cohere's own proprietary foundation models, as well as RBC's internal platforms with the goal to accelerate the development of genAI solutions at RBC securely and efficiently.
Positive
Seeking Alpha
1 month ago
My Top 10 High-Yield Dividend Stocks For January 2025
SPY ends 2024 on a sour note but with a total gain of 24.89%. The top 10 stocks on the watchlist for January 2025 offer a 3.45% dividend yield, nearly triple that of the S&P 500. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 16.33% since its inception in November 2020.
Positive
Seeking Alpha
2 months ago
Royal Bank of Canada: Great Company, Not A Great Price
Royal Bank of Canada recently reported solid results that showed year-over-year growth in most areas. The Company is the largest bank in Canada and has a strong U.S. presence. RY has a solid track record for both growth and dividends.
Neutral
Zacks Investment Research
2 months ago
The Zacks Analyst Blog Raymond James Financial, ChoiceOne Financial Services, Royal Bank of Canada and Canadian Imperial Bank of Commerce
Raymond James Financial, ChoiceOne Financial Services, Royal Bank of Canada and Canadian Imperial Bank of Commerce are included in this Analyst Blog.
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