FY2026 Earnings Estimate for RY Issued By Cormark

Royal Bank of Canada (NYSE:RY) (TSE:RY) – Equities researchers at Cormark issued their FY2026 earnings per share estimates for shares of Royal Bank of Canada in a report released on Monday, November 25th. Cormark analyst L. Persaud forecasts that the financial services provider will post earnings of $9.95 per share for the year. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $8.37 per share.

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

Several other research firms have also issued reports on RY. TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. Finally, BMO Capital Markets lifted their price objective on Royal Bank of Canada from $151.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.50.

Royal Bank of Canada Price Performance

RY opened at $124.15 on Tuesday. The stock has a 50-day moving average price of $123.44 and a 200-day moving average price of $115.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $175.51 billion, a PE ratio of 15.01, a P/E/G ratio of 1.93 and a beta of 0.86. Royal Bank of Canada has a 1 year low of $85.02 and a 1 year high of $126.96.

Institutional Investors Weigh In On Royal Bank of Canada

A number of large investors have recently made changes to their positions in RY. Shell Asset Management Co. grew its stake in shares of Royal Bank of Canada by 3.8% during the 1st quarter. Shell Asset Management Co. now owns 2,711 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 100 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Royal Bank of Canada by 29.0% during the 1st quarter. Advisors Asset Management Inc. now owns 2,953 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 664 shares during the period. Advisory Resource Group grew its stake in shares of Royal Bank of Canada by 25.8% during the 1st quarter. Advisory Resource Group now owns 8,741 shares of the financial services provider’s stock valued at $882,000 after purchasing an additional 1,795 shares during the period. Virtu Financial LLC grew its stake in shares of Royal Bank of Canada by 50.6% during the 1st quarter. Virtu Financial LLC now owns 4,113 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 1,382 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Royal Bank of Canada by 390.4% during the 1st quarter. Cetera Investment Advisers now owns 25,057 shares of the financial services provider’s stock valued at $2,528,000 after purchasing an additional 19,948 shares during the period. 45.31% of the stock is currently owned by institutional investors.

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.