Royal Bank of Canada's record $38.7B quarterly revenue, driven by a 57.9% fee income mix, demonstrates the strength of its diversified Capital Markets and Wealth Management franchises.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Record $38.7B total revenue in Q3 2026 was driven by a surge in non-interest income to $12.1B (57.9% of revenue), but this was offset by NIM compression to 0.3% and an efficiency ratio that worsened to 58.0% from 52.6% in Q1 2026.
100% of analysts recommend a 'Strong Buy' for RY, with a median price target of $181.30, indicating a 2.0% upside.
RY has a return on equity of 15.37% and a profit margin of 33.1%, showcasing strong financial health.
The bank's quarterly dividend is C$1.54 per share, yielding 3.47%, providing a steady income stream for investors.
Some analyses suggest RY may be fully priced, with a target price of $161.34 indicating limited immediate upside.
Recent insider selling by a senior officer could indicate a lack of confidence in future performance.
RY's payout ratio is 49.49%, which may limit reinvestment in growth opportunities.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 27, 2026 | $3.07+6.2% vs $2.89 | $13.2B+1.8% vs $13.0B |
Q2 2026 May 28, 2026 | $2.84+1.1% vs $2.81 | $12.8B+0.8% vs $12.7B |
Q1 2026 Feb 26, 2026 | $2.94+4.6% vs $2.81 | $13.2B+2.5% vs $12.9B |
Q4 2025 Dec 3, 2025 | $2.76+10.0% vs $2.51 | $12.3B+2.4% vs $12.0B |
Bank Julius Baer and Co. Ltd Zurich increased its stake in shares of Royal Bank Of Canada (NYSE: RY) (TSE: RY) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,511 shares of the financial services provider's
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The TSX Composite Index has come under intense pressure in the past few months. It dropped to 35,788 points on Friday, down by 3.53% from the year-to-date high.
Diversify Advisory Services LLC increased its holdings in Royal Bank Of Canada (NYSE: RY) (TSE: RY) by 79.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,398 shares of the financial services provider's stock after buying an additional 3,278 shares
Benchmark RY against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Royal Bank of Canada (RY)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $201.16 | $280.94B | 20.07 | 15.73% | 30.6% | 15.29% | 2.21% | |
| $122.40 | $206.79B | 14.89 | 8.93% | 24.95% | 12.83% | 2.59% | |
| $171.13 | $119.86B | 21.03 | 12.67% | 23.68% | 10.58% | 2.89% | |
| $91.69 | $112.42B | 22.65 | 387.04% | 25.41% | 11.22% | 3.35% | |
| $115.18 | $106.73B | 18.90 | 13.66% | 31.47% | 15.37% | 2.62% | |
| $334.49 | $896.27B | 16.68 | 7.32% | 30.8% | 16.23% | 1.78% |
Royal Bank of Canada (RY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Royal Bank of Canada (RY) stock FAQ — growth, dividends, profitability & financials explained
Royal Bank of Canada (RY) grew revenue by 15.7% in fiscal year 2025, compared with the prior fiscal year.
Yes. Royal Bank of Canada (RY) earned $22.75B in net income over the trailing twelve months (a 31.0% net margin).
Yes. Royal Bank of Canada (RY) pays a dividend that yields 2.21% at the current price, a moderate yield.
Royal Bank of Canada (RY) had a return on equity (ROE) of 15.3% in fiscal year 2025. That is above the market's typical 10-15%.
Royal Bank of Canada (RY) has a net interest margin (NIM) of 1.4%. NIM has been under pressure due to interest rate environment.
Royal Bank of Canada (RY) has an efficiency ratio of 54.9%. This is excellent, indicating strong cost control.
