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, with over CAD 2 trillion in assets. It is a diversified financial services company, offering personal and commercial banking, wealth management, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada and has dominant market shares. RBC also has wealth and capital market businesses in the US, UK, and other countries. RBC is a top 15 investment bank globally.

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

As of March 20, 2025, RY stock price declined to $113.99 with 100,531 million shares trading.

RY has a beta of 0.56, meaning it tends to be less sensitive to market movements. RY has a correlation of 0.27 to the broad based SPY ETF.

RY has a market cap of $161.05 billion. This is considered a Large Cap stock.

Last quarter Royal Bank Of Canada reported $12 billion in Revenue and $2.59 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.31.

In the last 3 years, RY traded as high as $128.05 and as low as $77.90.

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

RY has outperformed the market in the last year with a price return of +19.5% while the SPY ETF gained +11.5%. However, in the short term, RY had mixed performance relative to the market. It has underperformed in the last 3 months, returning -3.9% vs -2.1% return in SPY. But in the last 2 weeks, RY shares have fared better than the market returning -1.0% compared to SPY -2.3%.

RY support price is $112.57 and resistance is $115.87 (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 shares will trade within this expected range on the day.