Royal Bank of Canada trades with the ticker RY on the TSX and is in the Banks – Diversified industry.
Overview
Royal Bank of Canada operates as a diversified financial service company worldwide. The company’s Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company’s Insurance segment offers life, health, home, auto, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital platforms; and independent brokers and partners. The company’s Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.
Looking to invest in Royal Bank of Canada? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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RY.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $189432.988MM
PE Ratio: 12.44
Price: 100.03 (Updated: 3/12/2024 0:47:16)
Royal Bank of Canada (RY) vs Competitors in Banks – Diversified
Lets see how RY.TO stacks up against others in the Banks – Diversified asset management industry. We have identified its main peers as:Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, The Toronto-Dominion Bank, Toronto Dominion Bank
.Banks – Diversified Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| Bank of Montreal (BMO) | $92,066.095 | 17.457 | 0.0 | 4.8% |
| The Bank of Nova Scotia (BNS) | $82,286.019 | 11.02 | 0.0 | 6.3% |
| Canadian Imperial Bank of Commerce (CM) | $62,618.808 | 10.216 | 0.0 | 5.4% |
| Royal Bank of Canada (RY) | $189,432.988 | 12.44 | 0.0 | 4.1% |
| The Toronto-Dominion Bank (TD) | $144,213.492 | 12.856 | 0.0 | 5.0% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Banks – Diversified
- Royal Bank of Canada (RY) vs Bank of Montreal (BMO)
- RY has higher EPS (10.77 vs 7.27). BMO has higher dividend yield (4.8% vs 4.1%). BMO has a higher P/E ratio (17.457 vs 12.44) indicating it’s more expensive.
- Royal Bank of Canada (RY) vs The Bank of Nova Scotia (BNS)
- RY has higher EPS (10.77 vs 6.11). BNS has higher dividend yield (6.3% vs 4.1%). RY has a higher P/E ratio (12.44 vs 11.02) indicating it’s more expensive.
- Royal Bank of Canada (RY) vs Canadian Imperial Bank of Commerce (CM)
- RY has higher EPS (10.77 vs 6.54). CM has higher dividend yield (5.4% vs 4.1%). RY has a higher P/E ratio (12.44 vs 10.216) indicating it’s more expensive.
- Royal Bank of Canada (RY) vs The Toronto-Dominion Bank (TD)
- RY has higher EPS (10.77 vs 6.33). TD has higher dividend yield (5.0% vs 4.1%). TD has a higher P/E ratio (12.856 vs 12.44) indicating it’s more expensive.
- Royal Bank of Canada (RY) vs Toronto Dominion Bank (TD)
- RY has higher EPS (10.77 vs 6.33). TD has higher dividend yield (5.0% vs 4.1%). TD has a higher P/E ratio (12.856 vs 12.44) indicating it’s more expensive.
Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability. Has a lower P/E ratio (12.44) than the industry average (12.80), indicating potential undervaluation.
How to Buy RY stock on the TSX
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