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How to buy Royal Bank of Canada stock in Canada

Learn how to buy Royal Bank of Canada stock in 5 easy steps.

Royal Bank of Canada is a banks-diversified business based in the US. Royal Bank of Canada stocks (RY.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $100.35 – a decrease of 3.14% over the previous week. Royal Bank of Canada employs 91,427 staff and has a trailing 12-month revenue of around $51.5 billion.

How to buy Royal Bank of Canada stock

  1. Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
  2. Open an account. Provide your personal information and sign up.
  3. Fund your account. Deposit funds unto your account by linking your banking information or transfer funds from another trading account.
  4. Search for the stock name – RY. Search for the stock by name or ticker symbol.
  5. Buy the stock. Place your order. It's that simple.

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Royal Bank of Canada stock price (NYSE:RY)

Use our graph to track the performance of RY stocks over time.

Royal Bank of Canada shares at a glance

Information last updated 2023-05-27.
Latest market close$90.41
52-week range$81.13 - $103.70
50-day moving average $96.11
200-day moving average $96.52
Wall St. target price$101.94
PE ratio 11.4443
Dividend yield $4.96 (4.49%)
Earnings per share (TTM) $7.90

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Is it a good time to buy Royal Bank of Canada stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Royal Bank of Canada price performance over time

Historical closes compared with the close of $90.41 from 2023-05-26

1 week (2023-05-22) -3.98%
1 month (2023-04-28) -8.96%
3 months (2023-02-26) N/A
6 months (2022-11-30) -9.39%
1 year (2022-05-26) N/A
2 years (2021-05-28) -13.06%
3 years (2020-05-29) 39.41%
5 years (2018-05-30) 20.18%

Is Royal Bank of Canada stock undervalued or overvalued?

Valuing Royal Bank of Canada stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Royal Bank of Canada's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Royal Bank of Canada financials

Revenue TTM $51.5 billion
Operating margin TTM 40.08%
Gross profit TTM $48.5 billion
Return on assets TTM 0.76%
Return on equity TTM 13.28%
Profit margin 27.81%
Book value $73.51
Market capitalisation $125.6 billion

TTM: trailing 12 months

Royal Bank of Canada's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Royal Bank of Canada.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Royal Bank of Canada's total ESG risk score

Total ESG risk: 23.95

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Royal Bank of Canada's overall score of 23.95 (as at 01/01/2019) is pretty good – landing it in it in the 24th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Royal Bank of Canada is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Royal Bank of Canada's environmental score

Environmental score: 6.8/100

Royal Bank of Canada's environmental score of 6.8 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Royal Bank of Canada is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Royal Bank of Canada's social score

Social score: 16.36/100

Royal Bank of Canada's social score of 16.36 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Royal Bank of Canada is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Royal Bank of Canada's governance score

Governance score: 8.8/100

Royal Bank of Canada's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that Royal Bank of Canada is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Royal Bank of Canada's controversy score

Controversy score: 3/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Royal Bank of Canada scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Royal Bank of Canada hasn't always managed to keep its nose clean.

Royal Bank of Canada share dividends

28%

Dividend payout ratio: 27.9% of net profits

Recently Royal Bank of Canada has paid out, on average, around 27.9% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.49% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Royal Bank of Canada shareholders could enjoy a 4.49% return on their shares, in the form of dividend payments. In Royal Bank of Canada's case, that would currently equate to about $4.96 per share.

While Royal Bank of Canada's payout ratio might seem fairly standard, it's worth remembering that Royal Bank of Canada may be investing much of the rest of its net profits in future growth.

Royal Bank of Canada's most recent dividend payout was on 24 May 2023. The latest dividend was paid out to all shareholders who bought their shares by 25 July 2023 (the "ex-dividend date").

Have Royal Bank of Canada's shares ever split?

Royal Bank of Canada's shares were split on a 2:1 basis on 7 April 2006. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Royal Bank of Canada shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Royal Bank of Canada shares which in turn could have impacted Royal Bank of Canada's share price.

Royal Bank of Canada share price volatility

Over the last 12 months, Royal Bank of Canada's shares have ranged in value from as little as $81.1294 up to $103.6989. A popular way to gauge a stock's volatility is its "beta".

RY.US volatility(beta: 0.74)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Royal Bank of Canada's is 0.7435. This would suggest that Royal Bank of Canada's shares are less volatile than average (for this exchange).

Royal Bank of Canada overview

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital, mobile, and social platforms; independent brokers; and travel partners. Its Investor & Treasury Services segment provides asset servicing, custody, payments, and treasury services to financial and other investors; and fund and investment administration, shareholder, private capital, performance measurement and compliance monitoring, distribution, transaction banking, cash and liquidity management, foreign exchange, and global securities finance services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, advisory services, sale, and trading services for corporations, institutional investors, asset managers, private equity firms, and governments.

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