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Royal Bank of Canada

RY · NYSE

Market closed$215.43$-0.640000 (-0.30%)After hours $215.88 · +0.21%

Key statistics

Previous close$216.07
Open$214.65
Day high$217.52
Day low$213.54
52-week high$218.57
52-week low$127.38
Market cap299.40B
Volume1.12M
Average volume1.59M
P/E ratio19.01
Forward P/E—
EPS11.33
Dividend yield+2.11%

Market context

Why it moved

RY edged slightly lower amid cautious investor sentiment, as mixed valuation signals and concerns over the bank's growing exposure to complex credit derivatives markets tempered enthusiasm despite its otherwise strong fundamentals.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Royal Bank of Canada closed modestly lower, edging down 0.30% near its 52-week high, as the broader financial sector digested a strong but mixed U.S. bank earnings season. While peers like JPMorgan and Goldman surged on record trading and investment banking results, Morgan Stanley's miss on wealth management margins weighed on the group. RBC itself remains a standout, having posted record quarterly earnings with 11.4% revenue growth and raising its quarterly dividend to $1.76 per share — with the ex-dividend date approaching July 27. Institutional investors continue to build positions, with multiple fund managers increasing stakes and the consensus analyst target sitting at $225.

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July 17, 2026Royal Bank of Canada shares edged lower, pulling back modestly from their 52-week high touched earlier in the session, even as the broader financial sector benefited from a wave of blowout U.S. bank earnings. Wall Street peers like JPMorgan, Goldman Sachs, and Citigroup surged on record investment banking fees and trading revenue, while RBC itself remains well-regarded by analysts — carrying a consensus 'Moderate Buy' rating with a $225 price target — after its own Q2 beat (EPS $2.84 vs. $2.81 est., revenue +11.4% YoY) and a dividend hike to $1.76/share. Cooling inflation data and reduced Fed rate-hike fears have provided a constructive backdrop for large financials.

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July 15, 2026Royal Bank of Canada closed higher, touching a new 52-week high of $214.48, as a broadly constructive backdrop for global banking lifted the stock. Surging Q2 earnings from Wall Street giants — JPMorgan, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo — all beat expectations, fueling sector-wide optimism that validated RBC's own strong May quarter, which saw record Q2 earnings, 11.4% revenue growth, and a dividend hike to $1.76/share. RBC also expanded its credit derivatives trading desk to capitalize on AI-driven debt hedging demand, while multiple institutional investors have been building positions, and analysts maintain a Moderate Buy consensus with a $225 price target.

1.59

July 14, 2026Royal Bank of Canada closed essentially flat amid a busy macro backdrop, as investors weigh the bank's strong recent fundamentals against broader market uncertainty. RBC recently reported record Q2 fiscal 2026 earnings, posting adjusted EPS of C$3.90 (up 25% YoY) on revenue of C$17.5 billion, and raised its quarterly dividend 7.3% to C$1.76/share — with the ex-dividend date approaching on July 27. The stock is trading near its 52-week high, supported by a Moderate Buy consensus and a $225 average analyst price target, while a new Bloomberg report highlights RBC's expansion into credit derivatives trading tied to AI-related debt issuance, underscoring its growing capital markets ambitions. Shares edged higher in after-hours trade as investors position ahead of major U.S. bank Q2 earnings reporting on July 14, alongside June CPI data — a confluence of catalysts that could broadly re-rate the financial sector.

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July 11, 2026Royal Bank of Canada shares rose to touch a new 52-week high, buoyed by a fresh wave of institutional buying — including Main Street Research LLC initiating a $36 million position — alongside a newly announced board appointment of Tarek A. Robbiati in September, which analysts suggest could leave the stock as much as 17% undervalued. The gains follow the bank's strong Q2 beat (EPS $2.84 vs. $2.81 expected, revenue up 11.4% YoY) and a raised quarterly dividend to $1.76/share, with the consensus 'Moderate Buy' rating and $225 average price target offering meaningful upside from current levels.

1.2131

July 9, 2026Royal Bank of Canada closed modestly lower, pulled down alongside the broader financial sector as a sharp global risk-off move was triggered by President Trump declaring the Iran ceasefire deal 'over,' sending oil prices surging over 5% and rattling equity markets. Despite the macro headwind, RBC's fundamental backdrop remains constructive — the bank recently beat Q2 earnings expectations ($2.84 EPS vs. $2.81 est.) on 11.4% revenue growth, raised its quarterly dividend to $1.76/share, and carries a consensus Moderate Buy rating with a $225 average price target. RBC also announced a new board appointment and saw multiple institutional investors add to positions, though HSBC notably slashed its stake by 93% in Q4.

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July 8, 2026Royal Bank of Canada edged higher, touching a new 52-week high intraday, as a combination of company-specific catalysts and broader financial sector strength lifted shares. RBC announced the appointment of two co-CEOs to lead its European expansion, reinforcing its global growth ambitions following the Brewin Dolphin integration that has positioned the bank as a top-five UK wealth manager. This came alongside a recent dividend hike of 7% to $1.76 per share quarterly, better-than-expected Q2 earnings of $2.84 per share on 11.4% revenue growth, and an analyst consensus of Moderate Buy with a $225 average price target — all contributing to investor confidence as financials broadly attracted rotation interest.

0.4903

July 3, 2026Royal Bank of Canada shares declined modestly, pulling back from near 52-week highs as broader financial sector sentiment was pressured by a soft U.S. jobs report (57,000 jobs added in June) and a tech-driven market selloff led by a 6.3% plunge in semiconductor stocks. Despite the session's weakness, RBC remains well-positioned after a strong Q2 — the bank was the single largest contributor to the Canadian stock market's quarterly gain, with personal and commercial banking earnings growing and capital markets profits rising. RBC beat Q2 EPS estimates ($2.84 vs. $2.81 expected), posted 11.4% revenue growth year-over-year, and raised its quarterly dividend to $1.76 from $1.64. Analysts maintain a consensus "Moderate Buy" with a $225 price target.

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The Globe and Mail · July 17, 2026The Royal Bank of Canada (RY:CA) Remains a Top Banking Pick Despite Premium ValuationInvesting News Network · July 17, 2026RBC Investor Services named Best Sub-Custodian in Canada by Global Finance MagazineSimply Wall Street · July 17, 2026Royal Bank Of Canada (TSX:RY) Stock May Be 13% Undervalued Following Credit Trading ExpansionInvestorideas.com · June 18, 2026OSFI Cuts Canada's Bank Stability Buffer to 3.0%, Allowing Banks to Deploy More CapitalPR Newswire Canada · May 28, 2026ROYAL BANK OF CANADA REPORTS SECOND QUARTER 2026 RESULTSYahoo! Finance Canada · May 4, 2026RBC to announce second quarter results on May 28, 2026Stock Titan · April 6, 2026RBC’s bond fund wins a U.S. performance award for a second yearInvesting News Network · March 2, 2026Dave McKay of RBC to speak at the 2026 RBC Capital Markets Financial Institutions Conference
Benzinga · July 13, 2026Reported Earlier: 'RBC Expands Credit Derivatives Trading as AI Debt Fuels Hedging' - Bloomberg
Mt Newswire · July 8, 2026RBC to Appoint Tarek Robbiati to Its Board
Mt Newswire · July 7, 2026RBC Appoints Sian Hurrell, Robin Beeras to Drive European Growth
Mt Newswire · June 23, 2026RBC Inks Partnership Deal With Canucks Sports & Entertainment
Benzinga · June 16, 2026Scotiabank Maintains Sector Outperform on Royal Bank of Canada, Raises Price Target to C$280
Mt Newswire · June 10, 2026Royal Bank of Canada to Repurchase up to 45-Million in a Normal-Course Issuer Bid
Benzinga · June 10, 2026Royal Bank Of Canada Announces 45M Buyback Plan
Mt Newswire · June 2, 2026RBC Investor Services (RBCIS) Reached C$3.1 Trillion In Assets Under Administration in Q2 2026, Up 15% YoY

Peers

S&P 500SPX · $7,457.69-1.01%The Toronto-Dominion BankTD · $123.60-0.24%Bank of MontrealBMO · $181.97-0.36%The Bank of Nova ScotiaBNS · $89.43-0.23%Canadian Imperial Bank of CommerceCM · $121.24+0.41%National Bank of CanadaNA.TO · 234.06-0.12%JPMorgan Chase & Co.JPM · $341.10-0.60%Bank of America CorporationBAC · $61.27-0.36%Wells Fargo & CompanyWFC · $87.53-0.62%Citigroup Inc.C · $129.37-1.78%HSBC Holdings plcHSBC · $100.61+0.09%Mitsubishi UFJ Financial Group, Inc.MUFG · $21.32-3.66%