Royal Bank of Canada (RY) Stock Forecast & Price Target
$287.29B
Market Cap
18.01
P/E
12.62
Forward P/E
47
Score
RY price $207.19 +2.42 +1.18%
Stocklytics score rationale: value 41, quality 54, growth 45.
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 45985000000 | 49886000000 | 57584000000 | 67352000000 | 61152000000 | 57680000000 | 66829000000 | 113453000000 | 134489000000 | 137357000000 |
Royal Bank of Canada (RBC), established in 1864 and headquartered in Toronto, Canada, operates as a comprehensive global financial institution. Its Personal & Commercial Banking division caters to individual clients by providing essential services like checking and savings accounts, various lending options (including mortgages, personal loans, and auto financing), private banking, investment vehicles such as mutual…
RY fair value Not meaningful. Price $207.19.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
No estimate. Cash-flow models don't suit banks
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-12-03 | — | 2.98 | — | 13.15B |
| 2026-08-27 | 3.07 | 2.89 | 13.22B | 12.98B |
| 2026-05-28 | 2.84 | 2.81 | 12.84B | 12.74B |
| 2026-02-26 | 2.94 | 2.81 | 13.18B | 12.85B |
| 2025-12-03 | 2.76 | 2.51 | 12.28B | 11.98B |
| 2025-08-27 | 2.79 | 2.36 | 16.96B | 12.11B |
| 2025-05-29 | 2.20 | 2.25 | 15.66B | 11.85B |
| 2025-02-27 | 2.55 | 2.28 | 16.72B | 10.84B |
| 2024-12-04 | 2.25 | 2.15 | 15.06B | 10.84B |
| 2024-08-28 | 2.38 | 2.15 | 14.69B | 7.82B |
| 2024-05-30 | 2.14 | 2.11 | 10.13B | 10.28B |
| 2024-02-28 | 2.12 | 2.08 | 10.15B | 10.00B |
| 2023-11-30 | 2.00 | 1.89 | 13.25B | 9.50B |
| 2023-08-24 | 2.15 | 2.05 | 12.92B | 9.84B |
| 2023-05-25 | 1.95 | 2.07 | 12.43B | 7.09B |
| 2023-03-01 | 2.26 | 2.17 | 13.33B | 10.03B |
| 2022-11-30 | 2.09 | 2.02 | 12.54B | 8.89B |
| 2022-08-24 | 2.55 | 2.68 | 12.09B | 9.20B |
| 2022-05-26 | 3.00 | 2.70 | 10.66B | 9.14B |
| 2022-02-24 | 2.87 | 2.74 | 11.93B | 9.28B |
| 2021-12-01 | 2.71 | 2.81 | 11.56B | 9.61B |
| 2021-08-25 | 3.00 | 2.69 | 11.72B | 8.05B |
| 2021-05-27 | 2.79 | 2.46 | 11.06B | 8.05B |
| 2021-02-24 | 2.69 | 2.28 | 11.81B | 10.60B |
| 2020-12-02 | 1.72 | 1.54 | 10.18B | 9.88B |
| 2020-08-26 | 1.63 | 1.26 | 11.73B | 10.49B |
| 2020-05-27 | 0.77 | 1.13 | 10.32B | 13.87B |
| 2020-02-20 | 1.85 | 1.73 | 12.81B | 12.03B |
| 2019-12-04 | 1.68 | 1.74 | 11.19B | 11.69B |
| 2019-08-21 | 1.69 | 1.73 | 11.52B | 11.77B |
| 2019-05-23 | 1.67 | 1.63 | 11.48B | 11.38B |
| 2019-02-22 | 1.65 | 1.66 | 11.57B | 11.63B |
| 2018-11-28 | 1.71 | 1.61 | 10.66B | 10.06B |
| 2018-08-22 | 1.66 | 1.62 | 11.01B | 10.87B |
| 2018-05-24 | 1.65 | 1.62 | 10.04B | 9.85B |
| 2018-02-23 | 1.72 | 1.57 | 10.80B | 9.99B |
| 2017-11-29 | 1.54 | 1.49 | 10.46B | 10.53B |
| 2017-08-23 | 1.41 | 1.42 | 10.01B | 9.79B |
| 2017-05-25 | 1.42 | 1.33 | 9.29B | 9.82B |
| 2017-02-24 | 1.40 | 1.33 | 8.68B | 8.77B |
Yield 2.36%. Payout ratio 41.48%. Frequency Quarterly.
Safety score 82/100 · Safe. Payout ratio is 41% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. Dividends were paid in 38 separate years. Yield is 2.4%, in a range that is usually sustainable.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-10-26 | $1.25 | 2026-10-26 | 2026-11-24 | Quarterly |
| 2026-07-27 | $1.25 | 2026-07-27 | 2026-08-24 | Quarterly |
| 2026-04-23 | $1.20 | 2026-04-23 | 2026-05-22 | Quarterly |
| 2026-01-26 | $1.20 | 2026-01-26 | 2026-02-24 | Quarterly |
| 2025-10-27 | $1.10 | 2025-10-27 | 2025-11-24 | Quarterly |
| 2025-07-24 | $1.13 | 2025-07-24 | 2025-08-22 | Quarterly |
| 2025-04-24 | $1.07 | 2025-04-24 | 2025-05-23 | Quarterly |
| 2025-01-27 | $1.03 | 2025-01-27 | 2025-02-24 | Quarterly |
| 2024-10-24 | $1.02 | 2024-10-24 | 2024-11-22 | Quarterly |
| 2024-07-25 | $1.03 | 2024-07-25 | 2024-08-23 | Quarterly |
| 2024-04-24 | $1.01 | 2024-04-25 | 2024-05-24 | Quarterly |
| 2024-01-24 | $1.02 | 2024-01-25 | 2024-02-23 | Quarterly |
| 2023-10-25 | $0.98 | 2023-10-26 | 2023-11-24 | Quarterly |
| 2023-07-25 | $1.02 | 2023-07-26 | 2023-08-24 | Quarterly |
| 2023-04-24 | $0.97 | 2023-04-25 | 2023-05-24 | Quarterly |
| 2023-01-25 | $0.99 | 2023-01-26 | 2023-02-24 | Quarterly |
| 2022-10-25 | $0.94 | 2022-10-26 | 2022-11-24 | Quarterly |
| 2022-07-25 | $1.00 | 2022-07-26 | 2022-08-24 | Quarterly |
| 2022-04-22 | $0.94 | 2022-04-25 | 2022-05-24 | Quarterly |
| 2022-01-25 | $0.95 | 2022-01-26 | 2022-02-24 | Quarterly |
| 2021-10-25 | $0.87 | 2021-10-26 | 2021-11-24 | Quarterly |
| 2021-07-23 | $0.86 | 2021-07-26 | 2021-08-24 | Quarterly |
| 2021-04-21 | $0.87 | 2021-04-22 | 2021-05-21 | Quarterly |
| 2021-01-25 | $0.85 | 2021-01-26 | 2021-02-24 | Quarterly |
| 2020-10-23 | $0.82 | 2020-10-26 | 2020-11-24 | Quarterly |
| 2020-07-24 | $0.81 | 2020-07-27 | 2020-08-24 | Quarterly |
| 2020-04-22 | $0.76 | 2020-04-23 | 2020-05-22 | Quarterly |
| 2020-01-24 | $0.80 | 2020-01-27 | 2020-02-24 | Quarterly |
| 2019-10-23 | $0.80 | 2019-10-24 | 2019-11-22 | Quarterly |
| 2019-07-24 | $0.78 | 2019-07-25 | 2019-08-23 | Quarterly |
| 2019-04-24 | $0.76 | 2019-04-25 | 2019-05-24 | Quarterly |
| 2019-01-23 | $0.73 | 2019-01-24 | 2019-02-22 | Quarterly |
| 2018-10-24 | $0.75 | 2018-10-25 | 2018-11-23 | Quarterly |
| 2018-07-25 | $0.72 | 2018-07-26 | 2018-08-24 | Quarterly |
| 2018-04-24 | $0.73 | 2018-04-25 | 2018-05-24 | Quarterly |
| 2018-01-24 | $0.74 | 2018-01-25 | 2018-02-23 | Quarterly |
| 2017-10-25 | $0.71 | 2017-10-26 | 2017-11-24 | Quarterly |
| 2017-07-24 | $0.70 | 2017-07-26 | 2017-08-24 | Quarterly |
| 2017-04-21 | $0.64 | 2017-04-25 | 2017-05-24 | Quarterly |
| 2017-01-24 | $0.63 | 2017-01-26 | 2017-02-24 | Quarterly |
| 2016-10-24 | $0.62 | 2016-10-26 | 2016-11-24 | Quarterly |
| 2016-07-22 | $0.61 | 2016-07-26 | 2016-08-24 | Quarterly |
| 2016-04-21 | $0.64 | 2016-04-25 | 2016-05-24 | Quarterly |
| 2016-01-22 | $0.56 | 2016-01-26 | 2016-02-24 | Quarterly |
| 2015-10-22 | $0.60 | 2015-10-26 | 2015-11-24 | Quarterly |
| 2015-07-23 | $0.59 | 2015-07-27 | 2015-08-24 | Quarterly |
| 2015-04-21 | $0.63 | 2015-04-23 | 2015-05-22 | Quarterly |
| 2015-01-22 | $0.61 | 2015-01-26 | 2015-02-24 | Quarterly |
| 2014-10-23 | $0.67 | 2014-10-27 | 2014-11-24 | Quarterly |
| 2014-07-22 | $0.66 | 2014-07-24 | 2014-08-22 | Quarterly |
| 2014-04-22 | $0.64 | 2014-04-24 | 2014-05-23 | Quarterly |
| 2014-01-23 | $0.60 | 2014-01-27 | 2014-02-24 | Quarterly |
| 2013-10-22 | $0.65 | 2013-10-24 | 2013-11-22 | Quarterly |
| 2013-07-23 | $0.61 | 2013-07-25 | 2013-08-23 | Quarterly |
| 2013-04-23 | $0.61 | 2013-04-25 | 2013-05-24 | Quarterly |
| 2013-01-22 | $0.60 | 2013-01-24 | 2013-02-22 | Quarterly |
| 2012-10-23 | $0.60 | 2012-10-25 | 2012-11-23 | Quarterly |
| 2012-07-24 | $0.56 | 2012-07-26 | 2012-08-24 | Quarterly |
| 2012-04-23 | $0.57 | 2012-04-25 | 2012-05-24 | Quarterly |
| 2012-01-24 | $0.53 | 2012-01-26 | 2012-02-24 | Quarterly |
| 2011-10-24 | $0.54 | 2011-10-26 | 2011-11-24 | Quarterly |
| 2011-07-22 | $0.57 | 2011-07-26 | 2011-08-24 | Quarterly |
| 2011-04-21 | $0.53 | 2011-04-26 | 2011-05-24 | Quarterly |
| 2011-01-24 | $0.50 | 2011-01-26 | 2011-02-24 | Quarterly |
| 2010-10-22 | $0.49 | 2010-10-26 | 2010-11-24 | Quarterly |
| 2010-07-22 | $0.48 | 2010-07-26 | 2010-08-24 | Quarterly |
| 2010-04-20 | $0.50 | 2010-04-22 | 2010-05-21 | Quarterly |
| 2010-01-22 | $0.47 | 2010-01-26 | 2010-02-24 | Quarterly |
| 2009-10-22 | $0.48 | 2009-10-26 | 2009-11-24 | Quarterly |
| 2009-07-23 | $0.46 | 2009-07-27 | 2009-08-24 | Quarterly |
| 2009-04-21 | $0.40 | 2009-04-23 | 2009-05-22 | Quarterly |
| 2009-01-22 | $0.40 | 2009-01-26 | 2009-02-24 | Quarterly |
| 2008-10-23 | $0.40 | 2008-10-27 | 2008-11-24 | Quarterly |
| 2008-07-22 | $0.50 | 2008-07-24 | 2008-08-22 | Quarterly |
| 2008-04-22 | $0.50 | 2008-04-24 | 2008-05-23 | Quarterly |
| 2008-01-22 | $0.49 | 2008-01-24 | 2008-02-22 | Quarterly |
| 2007-10-23 | $0.52 | 2007-10-25 | 2007-11-23 | Quarterly |
| 2007-07-24 | $0.44 | 2007-07-26 | 2007-08-24 | Quarterly |
| 2007-04-23 | $0.41 | 2007-04-25 | 2007-05-24 | Quarterly |
| 2007-01-23 | $0.34 | 2007-01-25 | 2007-02-23 | Quarterly |
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| No data yet. | |||||
Latest filed quarter: Q2 2026.
Institutions holding: 1.04K, holders +47 vs prior quarter. Ownership 60.52%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| ROYAL BANK OF CANADA | 70.22M | 68.83M | +4933.74% | 14.53B |
| BANK OF MONTREAL /CAN/ | 60.57M | 59.96M | +9904.78% | 12.53B |
| VANGUARD CAPITAL MANAGEMENT LLC | 42.68M | 456.37K | +1.08% | 8.84B |
| MACKENZIE FINANCIAL CORP | 18.64M | -840.88K | -4.32% | 5.47B |
| FIL LTD | 23.49M | 1.36M | +6.16% | 4.86B |
| TD ASSET MANAGEMENT INC | 22.97M | -7.46M | -24.51% | 4.75B |
| NORGES BANK | 19.91M | 19.91M | New | 4.12B |
| CIBC WORLD MARKET INC. | 18.30M | 17.81M | +3611.85% | 3.79B |
| FMR LLC | 17.80M | 3.90M | +28.01% | 3.69B |
| 1832 ASSET MANAGEMENT L.P. | 17.04M | 530.88K | +3.22% | 3.53B |
| GEODE CAPITAL MANAGEMENT, LLC | 16.05M | 1.69M | +11.78% | 3.43B |
| NATIONAL BANK OF CANADA /FI/ | 16.36M | 173.66K | +1.07% | 3.38B |
| FEDERATION DES CAISSES DESJARDINS DU QUEBEC | 13.07M | -374.52K | -2.79% | 2.70B |
| VANGUARD FIDUCIARY TRUST CO | 12.40M | 88.83K | +0.72% | 2.57B |
| BANK OF NOVA SCOTIA | 12.31M | -450.06K | -3.53% | 2.55B |
| TD WATERHOUSE CANADA INC. | 11.64M | -238.77K | -2.01% | 2.43B |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 11.11M | -1.02M | -8.39% | 2.30B |
| CANADA PENSION PLAN INVESTMENT BOARD | 11.00M | 1.04M | +10.39% | 2.28B |
| CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. | 10.93M | 94.30K | +0.87% | 2.26B |
| VANGUARD GLOBAL ADVISERS, LLC | 10.74M | 894.92K | +9.09% | 2.22B |
| CIBC ASSET MANAGEMENT INC | 10.21M | -265.01K | -2.53% | 2.12B |
| SCOTIA CAPITAL INC. | 8.51M | -386.90K | -4.35% | 1.76B |
| LEGAL & GENERAL GROUP PLC | 7.95M | -695.03K | -8.04% | 1.65B |
| TORONTO DOMINION BANK | 7.90M | 6.87M | +670.40% | 1.63B |
| FISHER ASSET MANAGEMENT, LLC | 7.06M | 350.80K | +5.23% | 1.46B |
Consensus Buy from 15 analysts. Average price target $225.00, +8.6% versus the current price. Low $225.00. High $225.00.
Insights · Dividends · Forecast · Financials · Learn
Analysts have an average 12-month price target of $225.00 for Royal Bank of Canada (RY), 8.6% above the current price of $207.19. Of 15 analysts covering the stock, 9 rate it Buy or Strong Buy, 5 Hold, and 1 Sell or Strong Sell, giving a consensus of Buy.
Forecasts are third-party estimates and often wrong. They are not investment advice.
| Low | $225.00 |
|---|---|
| Average | $225.00 |
| High | $225.00 |
The average is 8.6% above the current price of $207.19.
Of 15 analysts, 9 rate Royal Bank of Canada Buy or Strong Buy, 5 Hold, and 1 Sell or Strong Sell. The consensus label is Buy. That split is not a recommendation.
Analyst averages on file: 2026, EPS $16.41, revenue $72.56 billion. 2027, EPS $17.90, revenue $76.70 billion.
The Stocklytics Score for RY is 47 out of 100. It averages value, quality, and growth against a large-cap US universe. It is not a price target and not a buy or sell rating. Fair value is a separate estimate on the fair value tab.
$225.00 average, with a published range of $225.00 to $225.00.
The consensus is Buy from 15 analysts. This is not a recommendation.
Analysts' average EPS estimate for 2026 on file is $16.41. The average revenue estimate is $72.56 billion.
No reliable forecast exists that far out.
The next earnings date is shown on the stock page when a future report is on the calendar. This forecast does not invent a date.
Related: Royal Bank of Canada · Financials · Dividends · Compare · AI stocks
Capital is at risk. Stocklytics is operated by Stocklytics Inc., a Marshall Islands company. It is not regulated by the FCA and does not give investment advice.
$287.29B
Market Cap
18.01
P/E
12.62
Forward P/E
47
Score