National Bank Financial Weighs in on RY FY2026 Earnings

Royal Bank of Canada (NYSE:RY) (TSE:RY) – Stock analysts at National Bank Financial issued their FY2026 earnings estimates for Royal Bank of Canada in a research report issued to clients and investors on Tuesday, November 19th. National Bank Financial analyst G. Dechaine anticipates that the financial services provider will post earnings per share of $10.37 for the year. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $8.88 per share.

RY has been the topic of a number of other research reports. BMO Capital Markets boosted their price target on shares of Royal Bank of Canada from $151.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Bank of Canada currently has an average rating of “Moderate Buy” and an average price target of $142.50.

Royal Bank of Canada Price Performance

Royal Bank of Canada stock opened at $125.02 on Thursday. The firm has a market cap of $176.74 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.88 and a beta of 0.86. The stock’s 50 day moving average is $123.39 and its 200 day moving average is $114.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. Royal Bank of Canada has a one year low of $85.02 and a one year high of $126.96.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.23. The business had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $10.40 billion. Royal Bank of Canada had a return on equity of 15.17% and a net margin of 12.28%.

Hedge Funds Weigh In On Royal Bank of Canada

Several institutional investors have recently made changes to their positions in RY. FMR LLC raised its stake in Royal Bank of Canada by 75.8% during the 3rd quarter. FMR LLC now owns 17,866,021 shares of the financial services provider’s stock worth $2,229,834,000 after buying an additional 7,702,585 shares during the period. National Bank of Canada FI raised its position in shares of Royal Bank of Canada by 16.7% during the second quarter. National Bank of Canada FI now owns 20,232,204 shares of the financial services provider’s stock worth $2,141,681,000 after purchasing an additional 2,901,033 shares during the period. Capital World Investors lifted its holdings in shares of Royal Bank of Canada by 75.0% in the 1st quarter. Capital World Investors now owns 6,320,246 shares of the financial services provider’s stock worth $637,460,000 after purchasing an additional 2,708,534 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Royal Bank of Canada by 165.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,896,755 shares of the financial services provider’s stock valued at $361,532,000 after purchasing an additional 1,804,022 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Royal Bank of Canada by 40.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 5,039,171 shares of the financial services provider’s stock valued at $508,739,000 after purchasing an additional 1,452,127 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank of Canada Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th were issued a $1.028 dividend. This represents a $4.11 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Thursday, October 24th. Royal Bank of Canada’s payout ratio is 50.79%.

Royal Bank of Canada Company Profile

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.