RY Stock Summary and Trading Ideas (Royal Bank Of Canada | NYSE:RY)

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.

Royal Bank Of Canada trades on the NYSE stock market under the symbol RY.

As of May 10, 2024, RY stock price climbed to $103.21 with 438,635 million shares trading.

RY has a beta of 1.03, meaning it tends to be more sensitive to market movements. RY has a correlation of 0.44 to the broad based SPY ETF.

RY has a market cap of $144.01 billion. This is considered a Large Cap stock.

Last quarter Royal Bank Of Canada reported $10 billion in Revenue and $2.09 earnings per share. This fell short of revenue expectation by $-22 million and exceeded earnings estimates by $.03.

In the last 3 years, RY stock traded as high as $119.41 and as low as $77.90.

The top ETF exchange traded funds that RY belongs to (by Net Assets): FVD, DFAX, DFAI, DFIC, PTIN.

RY stock has underperformed the market in the last year with a return of +12.9%, while SPY returned +28.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RY shares. However, RY has outperformed the market in the last 3 month and 2 week periods, returning +7.1% and +5.7%, while SPY returned +4.2% and +3.4%, respectively. This indicates RY has been having a stronger performance recently.

RY support price is $101.99 and resistance is $104.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RY stock will trade within this expected range on the day.