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Royal Bank of Canada (RY) Stock: Price, Forecast & Analyst Target

Royal Bank of Canada (RY) — MoonshotScore 73/100 (Strong band), calculated Oct 4, 2026. Price $195.67 (+0.16%), as of the Oct 2, 2026 trading session; market cap $272B. Expected results Dec 3, 2026.

Educational signal · not a buy or sell recommendation · How to read this

$195.67 +$0.31 (+0.16%) Market Cap $272B

Royal Bank of Canada · RY · NYSE · Financial Services · Banks - Diversified

Royal Bank of Canada (RBC), established in 1864 and headquartered in Toronto, Canada, operates as a comprehensive global financial institution.

Price as of Oct 2, 2026

Key Statistics

73 of 100

MoonshotScore v2 · Royal Bank of Canada (RY)

Strong
Business Quality Solid (68)
Financial Safety Strained (34)
Valuation Fair (78)
Growth Durability Compounding (87)
Momentum Rising (78)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

High quality and durable growth, at a cheap price, but a strained balance sheet; the market is already moving on it. Business Quality: Solid; Financial Safety: Strained; Valuation: Fair; Growth Durability: Compounding; Momentum: Rising.

  • quarterly revenue $27.11B (Q3 FY2026, quarter ended Jul 2026)
  • EPS beat 7 of 8
  • Altman Z 0.28 · Piotroski F 6

Holding back: balance-sheet strain

Helping: business quality, an attractive price, durable growth, positive momentum

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for RY (29 recorded, newest six shown)
RecordedScoreBand
77Strong
74Strong
77Strong
77Strong
74Strong
74Strong

The score was 73 in the stored Oct 3, 2026 snapshot and remains 73 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Momentum +1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$195.67
Change on the day+0.16%
52-week range$143.13 – $218.57
Market capitalisation$272B
Price / earnings (trailing)17.54
Shares traded on the day1.68M
Beta (volatility vs the S&P 500)0.92
Dividends per share (last 12 months)$4.74
Dividend yield (last 12 months)2.42%

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $144, high $217, latest $196. 4 reported quarters marked, 4 above and 0 below the recorded estimate. 1 other dated event marked. $217 $144 high $217 Dec 3, 2025 · Earnings results · reported above the recorded estimate · close $1621Feb 26, 2026 · Earnings results · reported above the recorded estimate · close $1672May 28, 2026 · Earnings results · reported above the recorded estimate · close $1903Aug 27, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $2044Aug 27, 2026 · Earnings results · reported above the recorded estimate · close $2045 Sep 5, 2025 Oct 2, 2026 · $196 $144Sep 5, 2025$147Sep 19, 2025$147Oct 3, 2025$146Oct 17, 2025$147Oct 31, 2025$147Nov 14, 2025$154Nov 28, 2025$166Dec 12, 2025$172Dec 26, 2025$169Jan 9, 2026$170Jan 23, 2026$170Feb 6, 2026$172Feb 20, 2026$164Mar 6, 2026$159Mar 20, 2026$163Apr 2, 2026$178Apr 17, 2026$180May 1, 2026$183May 15, 2026$190May 29, 2026$200Jun 12, 2026$203Jun 26, 2026$211Jul 10, 2026$209Jul 24, 2026$211Aug 7, 2026$205Aug 21, 2026$211Sep 4, 2026$203Sep 18, 2026$196Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

Dated events ahead, in order, not to scaleOct 26, 2026, Ex-dividend date; Nov 24, 2026, Dividend payment date; Dec 3, 2026, Next results due. Spacing is order only and carries no duration.Oct 2, 20261Oct 26, 20262Nov 24, 20263Dec 3, 2026
  1. Ex-dividend dateCompany record
  2. Dividend payment dateCompany record
  3. Next results dueProvider estimate

Management outlook

  • Looking ahead to next quarter, we expect Canadian Banking margins to be relatively stable with structural tailwinds offset by increased competition for mortgages and term deposits.

    Katherine Gibson · Statement from

  • We continue to expect positive all-bank operating leverage for the full year, including 1% to 2% in Canadian Banking. As a reminder, we continue to expect the non-TEB effective tax rate to move towards the higher end of our 21% to 23% guided range over the coming quarters.

    Katherine Gibson · Statement from

Chronological order, not a duration scale. Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Other perspectives

Council score for Royal Bank of Canada (RY): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Strong
Momentum Strong
Business Quality Moderate
Financial Safety Weak
Valuation Moderate

Legends Council

4 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Griffin-style lens (simulated) Ken Griffin Favorable read
Englander-style lens (simulated) Izzy Englander Favorable read
Klarman-style lens (simulated) Seth Klarman Favorable read
Moon AI lens (model) Favorable read

Read on: Oct 2, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Fairly Valued
Profit Margin Moderate
Revenue Growth Weak
Debt/Equity Negative
ROE Moderate
Gross Margin Moderate

Read on: Sep 9, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 9, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the RY film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Royal Bank of Canada (RY), and what does it report?

Short answer · as of

Royal Bank of Canada (RBC), established in 1864 and headquartered in Toronto, Canada, operates as a comprehensive global financial institution. Royal Bank of Canada (RY) is listed on NYSE. Financial Services / Banks Diversified SEC filing business address: Royal Bank Plaza, 200 BAY Street, Toronto, M5J 2J5. It employs 101,269 people and is led by David I. McKay. In Q3 FY2026 it reported revenue of $27.11B and net income of $4.23B. The market values it at $272B.

2 · Latest results

What do the latest results show for Royal Bank of Canada (RY)?

Short answer · as of

The most recent reported quarter, Q3 FY2026, carried revenue of $27.11B. Against analyst estimates the company has EPS beat 7 of 8 reports.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$13.22B Aug 27, 2026
Latest report · revenue estimate
$12.98B Aug 27, 2026
Latest report · revenue vs estimate
Above estimate Aug 27, 2026
Latest report · EPS vs estimate
Above estimate Aug 27, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Aug 27, 2026$13.22B$12.98B$3.0700$2.8900
May 28, 2026$12.84B$12.74B$2.8400$2.8100
Feb 26, 2026$13.18B$12.85B$2.9400$2.8100
Dec 3, 2025$12.28B$11.98B$2.7600$2.5100

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter (converted from CAD)
PeriodRevenueNet incomeEPS
Q3 FY2026$27.11B$4.23B$4.26 (diluted)
Q2 FY2026$23.80B$3.86B$3.76 (diluted)
Q1 FY2026$24.86B$4.06B$3.94 (diluted)
Q4 FY2025$24.44B$3.81B$2.70 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Royal Bank of Canada (RY)?

Short answer · as of

The MoonshotScore pillars rate business quality, an attractive price, durable growth, positive momentum as strengths. What is holding it back is balance-sheet strain.

4 · What to check next?

What should you watch next at Royal Bank of Canada (RY)?

Short answer · as of

The next earnings report is expected on Dec 3, 2026. Current published price targets run low $225.00 · high $225.00 · consensus $225.00 · median $225.00 against a quoted price of $195.67 (as of Oct 2, 2026).

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. Looking ahead to next quarter, we expect Canadian Banking margins to be relatively stable with structural tailwinds offset by increased competition for mortgages and term deposits.

    Katherine Gibson ·

  2. We continue to expect positive all-bank operating leverage for the full year, including 1% to 2% in Canadian Banking. As a reminder, we continue to expect the non-TEB effective tax rate to move towards the higher end of our 21% to 23% guided range over the coming quarters.

    Katherine Gibson ·

What the records here don't tell us

  • Detailed statement figures are not shown because their conversion to USD has not been verified.
  • No insider Form 4 transaction falls inside the window this page reads.

Checked against the records this page reads, on the dates shown above.

5 · Peer comparison

How does Royal Bank of Canada compare with its peers?

Short answer

Royal Bank of Canada's score ranks 6th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) Same industry, near in market value$26.98 Oct 2, 2026$149B96 5-pillar Oct 4, 2026
Banco Santander, S.A. (SAN) Same industry, near in market value$13.36 Oct 2, 2026$196B79 5-pillar Oct 4, 2026
The Bank of Nova Scotia (BNS) Same industry, near in market value$91.19 Oct 2, 2026$111B79 5-pillar Oct 4, 2026
The Toronto-Dominion Bank (TD) Same industry, near in market value$117.88 Oct 2, 2026$199B77 5-pillar Oct 4, 2026
Bank of America Corporation (BAC) Named competitor$53.75 Oct 2, 2026$381B76 5-pillar Oct 4, 2026
Royal Bank of Canada (RY) — this page$195.67$272B73
Bank of Montreal (BMO) Same industry, near in market value$165.70 Oct 2, 2026$116B72 5-pillar Oct 4, 2026
Canadian Imperial Bank of Commerce (CM) Same industry, near in market value$111.02 Oct 2, 2026$103B67 5-pillar Oct 4, 2026
Wells Fargo & Company (WFC) Named competitor$80.45 Oct 2, 2026$243B61 5-pillar Oct 4, 2026
Mitsubishi UFJ Financial Group, Inc. (MUFG) Same industry, near in market value$22.82 Oct 2, 2026$257B59 5-pillar Oct 4, 2026
Sumitomo Mitsui Financial Group, Inc. (SMFG) Same industry, near in market value$25.40 Oct 2, 2026$161B53 5-pillar Oct 4, 2026
ING Groep N.V. (ING) Same industry, near in market value$34.78 Oct 2, 2026$99.4B53 5-pillar Oct 4, 2026
HSBC Holdings plc (HSBC) Named competitor$96.14 Oct 2, 2026$330B47 5-pillar Oct 4, 2026

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Financial Services stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$225.00 – $225.00
Consensus target
$225.00
Median target
$225.00

Consensus record · Captured .

Measured against a quoted price of $195.67 (as of Oct 2, 2026).

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
60.5% Period end Jun 30, 2026
Previous quarter · ownership
59.0% Prior to period end Jun 30, 2026
Reporting holders
1,037 Period end Jun 30, 2026
Previous quarter · holders
990 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Royal Bank Of Canada70,220,631
Bank Of Montreal /Can/60,568,915
Vanguard Capital Management LLC42,678,029
Fil Ltd23,490,517
Td Asset Management INC22,965,684

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Royal Bank of Canada (RY)?

Read these with our analysis →

What Investors Ask About Royal Bank of Canada (RY) — Financial Services

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.

Why is RBC more than a Canadian mortgage and deposit bank?

Mortgage lending and deposits sit beside wealth advice, insurance, custody, treasury services, securities financing, underwriting, trading and corporate advisory work. Those businesses add fee and market-sensitive revenue that a retail-bank description leaves out.

Sources (as of 2026-09-12): Business description; Sector / industry (provider taxonomy)

How is mortgage and term-deposit competition affecting RBC Canadian Banking?

Management expects structural tailwinds to be offset by stronger competition for mortgages and term deposits, leaving Canadian Banking margins broadly stable. The key test is whether that stability holds while the group still produces positive operating leverage.

Sources (as of 2026-09-12): Management outlook — dated call excerpts

What is the RY stock price today?

The last price recorded on this page for Royal Bank of Canada (RY) is $195.67, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the RY price target?

The analyst consensus price target for Royal Bank of Canada (RY) is $225.00 (range $225.00 to $225.00, median $225.00), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Does RY pay a dividend?

Yes. Royal Bank of Canada (RY) shows a trailing 12-month dividend yield of 2.42%, as of Oct 2, 2026, in the data on this page. Payout ratio and cash-flow coverage decide whether it can last, and past dividends do not guarantee future payments.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources — records for every figure on this page (56 figures)

The 56 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsKatherine Gibson (Aug 27, 2026): Looking ahead to next quarter, we expect Canadian Banking margins to be relatively stable with structural tailwinds offset by increased competition for mortgages and term deposits. Katherine Gibson (Aug 27, 2026): We continue to expect positive all-bank operating leverage for the full year, including 1% to 2% in Canadian Banking. As a reminder, we continue to expect the non-TEB effective tax rate to move towards the higher end of our 21% to 23% guided range over the coming quarters.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressRoyal Bank Plaza, 200 BAY Street, Toronto, M5J 2J5OFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "Royal Bank Plaza, Toronto, ON, M5J 2J5, CA".

FMP — 44 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$195.67FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T20:54:52.793Z.
px.changeChange on the day+0.16%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$272BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:02.000Z. Captured from FMP at 2026-10-04T20:54:51.777Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
earn.nextNext earnings dateDec 3, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
id.business_summaryBusiness description (FMP excerpt)Royal Bank of Canada (RBC), established in 1864 and headquartered in Toronto, Canada, operates as a comprehensive global financial institution.FMPFinancial Modeling Prep (FMP) company profile — Deterministic excerpt derived from id.description; source and date describe the input fact, not a new provider observation
px.change_absChange on the day, in dollars+$0.31FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q3 FY2026$27.11BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.pePrice / earnings (trailing)17.54FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day1.68MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.92FMPFinancial Modeling Prep (FMP) company profile
id.sectorSector / industry (provider taxonomy)Financial Services / Banks DiversifiedFMPFinancial Modeling Prep (FMP) company profile — The company's SEC filings classify it under SIC 6029 — Commercial Banks, NEC.
id.employeesEmployees101,269FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
id.ceoChief executiveDavid I. McKayFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
fin.q_incomeNet income, Q3 FY2026$4.23BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
earn.history.depth.2026-08-27.revenue_actualRevenue · reported — report date 2026-08-27$13.22BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-27.revenue_estimatedRevenue · estimate — report date 2026-08-27$12.98BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-27.eps_actualEPS · reported — report date 2026-08-27$3.0700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-27.eps_estimatedEPS · estimate — report date 2026-08-27$2.8900Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-28.revenue_actualRevenue · reported — report date 2026-05-28$12.84BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-28.revenue_estimatedRevenue · estimate — report date 2026-05-28$12.74BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-28.eps_actualEPS · reported — report date 2026-05-28$2.8400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-28.eps_estimatedEPS · estimate — report date 2026-05-28$2.8100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-26.revenue_actualRevenue · reported — report date 2026-02-26$13.18BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-26.revenue_estimatedRevenue · estimate — report date 2026-02-26$12.85BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-26.eps_actualEPS · reported — report date 2026-02-26$2.9400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-26.eps_estimatedEPS · estimate — report date 2026-02-26$2.8100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-12-03.revenue_actualRevenue · reported — report date 2025-12-03$12.28BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-12-03.revenue_estimatedRevenue · estimate — report date 2025-12-03$11.98BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-12-03.eps_actualEPS · reported — report date 2025-12-03$2.7600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-12-03.eps_estimatedEPS · estimate — report date 2025-12-03$2.5100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q3 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
earn.ptStored analyst price targetslow $225.00 · high $225.00 · consensus $225.00 · median $225.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_rangeAnalyst price target, low to high$225.00 – $225.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$225.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$225.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.institutions.depth.ownership_pctInstitutional ownership60.5%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership59.0%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders1,037FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders990FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesRoyal Bank Of Canada — shares in provider snapshot70,220,631FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesBank Of Montreal /Can/ — shares in provider snapshot60,568,915FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesVanguard Capital Management LLC — shares in provider snapshot42,678,029FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesFil Ltd — shares in provider snapshot23,490,517FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesTd Asset Management INC — shares in provider snapshot22,965,684FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 3 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 7 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-04
fin.scoresDistress and quality screensAltman Z 0.28 · Piotroski F 6UNRECORDEDStored financial-scores observation — Captured 2026-10-03 · Expired observation
px.range5252-week range$143.13 – $218.57UNRECORDEDStored company-profile observation — Captured 2026-10-04

COMPUTED — 4 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
div.ttm_per_shareDividends per share, last 12 months (split-adjusted)$4.74COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-04, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate.
div.ttm_yieldDividend yield, last 12 months2.42%COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate.
earn.history.depth.2026-08-27.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($13.22B) with the recorded estimate ($12.98B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-08-27.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($3.0700) with the recorded estimate ($2.8900) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 3 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v273 of 100 · Strong · pillars 68 / 34 / 78 / 87 / 78OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement73 (stored snapshot Oct 3, 2026) → 73 (current publication computed Oct 4, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots
gap.statement_currencyStatement currency limitationDetailed statement figures are not shown because their conversion to USD has not been verified.OURSStock Expert AI currency-basis check

Fact-family notes

  1. Earnings-history note. Source series as of 2026-08-27. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-08-27.revenue_actual, earn.history.depth.2026-08-27.revenue_estimated, earn.history.depth.2026-08-27.revenue_actual.comparison, earn.history.depth.2026-08-27.eps_actual.comparison, earn.history.depth.2026-08-27.eps_actual, earn.history.depth.2026-08-27.eps_estimated, earn.history.depth.2026-05-28.revenue_actual, earn.history.depth.2026-05-28.revenue_estimated, earn.history.depth.2026-05-28.eps_actual, earn.history.depth.2026-05-28.eps_estimated, earn.history.depth.2026-02-26.revenue_actual, earn.history.depth.2026-02-26.revenue_estimated, earn.history.depth.2026-02-26.eps_actual, earn.history.depth.2026-02-26.eps_estimated, earn.history.depth.2025-12-03.revenue_actual, earn.history.depth.2025-12-03.revenue_estimated, earn.history.depth.2025-12-03.eps_actual, earn.history.depth.2025-12-03.eps_estimated.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
Royal Bank of Canada (RBC), established in 1864 and headquartered in Toronto, Canada, operates as a comprehensive global financial institution. Its Personal & Commercial Banking division caters to individual clients by providing essential services like checking and savings accounts, various lending options (including mortgages, personal loans, and auto financing), private banking, investment vehicles such as mutual funds and guaranteed investment certificates (GICs), along with credit cards and payment solutions. For small and medium-sized commercial enterprises, this segment delivers a suite of services including financing, leasing, deposit management, foreign exchange, cash management, auto dealer financing, and trade solutions. These offerings are readily accessible through its extensive network of branches, ATMs, and mobile platforms. The Wealth Management segment specializes in delivering bespoke, advice-driven strategies and solutions to affluent and ultra-affluent individuals, as well as institutional investors. Through its Insurance arm, RBC offers a broad spectrum of protection and advisory services. These encompass life, health, home, auto, travel, wealth, annuities, and reinsurance, alongside comprehensive business insurance options. Clients, whether individuals, businesses, or groups, can access these services via advice centers, dedicated RBC insurance stores, mobile advisors, diverse digital and social platforms, independent brokers, and travel alliances. The Investor & Treasury Services division supports financial institutions and other investors with critical asset servicing, custody, payment processing, and treasury functions. It further extends its expertise to include fund and investment administration, shareholder services, private capital solutions, performance measurement, compliance oversight, distribution support, transaction banking, robust cash and liquidity management, foreign exchange capabilities, and global securities financing. Finally, the Capital Markets segment provides extensive corporate and investment banking solutions. This includes the origination and distribution of equity and debt instruments, strategic advisory services, and comprehensive sales and trading capabilities. Its clientele spans corporations, institutional investors, asset managers, private equity firms, and governmental entities.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Sector / industry (provider taxonomy)
Financial Services / Banks - Diversified

The company's SEC filings classify it under SIC 6029 — Commercial Banks, NEC.

2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Management outlook — dated call excerpts
Captured record · 2 entries
  • Call of 2026-08-27 — Quote: Looking ahead to next quarter, we expect Canadian Banking margins to be relatively stable with structural tailwinds offset by increased competition for mortgages and term deposits., Speaker: Katherine Gibson
  • Call of 2026-08-27 — Quote: We continue to expect positive all-bank operating leverage for the full year, including 1% to 2% in Canadian Banking. As a reminder, we continue to expect the non-TEB effective tax rate to move towards the higher end of our 21% to 23% guided range over the coming quarters., Speaker: Katherine Gibson

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-08-27OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold RY

Funds in our ETF coverage that list RY among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
STXI ETF1.18%
Dimensional - International Sustainability Core 1 ETF (DFSI)0.93%