Royal Bank of Canada continues to impress with its latest earnings report, showcasing robust growth across multiple business segments.
On August 27, 2026, the Royal Bank of Canada (RY.TO) announced its third-quarter earnings, revealing an adjusted EPS of CAD 4.28, which is 5.2% higher than what analysts expected. The bank's strong performance came from significant contributions in its capital markets and wealth management divisions, highlighting a solid operational foundation.
Recent earnings trend
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Royal Bank of Canada
RY.TO
RY.TO
Royal Bank of Canada
WealthAwesomeMarket cap
$393.41B
P/E
17.9x
Div. yield
2.32%
Div. / share
$6.58
52W high
$304.55
52W low
$192.25
1W change
+0.64%
Beta
0.93
Analyst Price Targets
Based on analyst covering RY
Wall Street analysts forecast RY stock price to rise 5.1% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$298.79
+5.1% Upside
Current Price
C$284.17
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on RY's historical volatility
30-Day Vol
19.1%
Annualized
90-Day Vol
16.8%
Annualized
Trend (90d)
+28.1%
Annualized drift
90d Mean
C$314.11
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$293.82 | C$275.04 โ C$313.89 |
| 60 trading days | C$303.80 | C$276.70 โ C$333.55 |
| 90 trading days | C$314.11 | C$280.15 โ C$352.20 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 8 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-10-31 | 2026-12-03 | โ | 4.1400 | โ |
| 2026-07-31 | 2026-08-27 | 4.2800 | 4.0700 | +5.2% |
| 2026-04-30 | 2026-05-28 | 3.9000 | 3.7900 | +2.9% |
| 2026-01-31 | 2026-02-26 | 4.0800 | 3.8400 | +6.3% |
| 2025-10-31 | 2025-12-03 | 3.8500 | 3.5500 | +8.5% |
| 2025-07-31 | 2025-08-27 | 3.8400 | 3.2900 | +16.7% |
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Investor takeaway: With a consistent history of beating earnings estimates and a diversified business model, RBC is well-positioned for continued growth, even with some market challenges.
Bull case
RBC reported record earnings of CAD 6 billion, an 11% increase from last year, and a strong return on equity of 18.1%. This demonstrates its operational strength and ability to effectively navigate market challenges.
Bear case
However, there are concerns about rising provisions for credit losses and geopolitical tensions that could pose risks to RBC's growth trajectory, potentially affecting future earnings.
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Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
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