Erste Group Bank Brokers Increase Earnings Estimates for RY

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Analysts at Erste Group Bank lifted their FY2026 earnings estimates for Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the financial services provider will earn $11.54 per share for the year, up from their previous estimate of $11.40. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $11.41 per share.

A number of other equities analysts also recently issued reports on the company. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Argus set a $225.00 price objective on Royal Bank Of Canada in a research note on Thursday, June 11th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, June 1st. Raymond James Financial cut Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

Royal Bank Of Canada Trading Down 0.1%

NYSE:RY opened at $210.52 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.82 and a quick ratio of 0.82. Royal Bank Of Canada has a one year low of $133.66 and a one year high of $218.57. The company has a market cap of $291.91 billion, a PE ratio of 18.91, a PEG ratio of 1.67 and a beta of 0.80. The firm has a 50-day moving average of $206.13 and a 200-day moving average of $184.34.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Thursday, May 28th. The financial services provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. The firm had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.74 billion. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.68%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $3.12 earnings per share.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, July 27th will be paid a $1.76 dividend. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, July 27th. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 44.47%.

Hedge Funds Weigh In On Royal Bank Of Canada

Several institutional investors have recently modified their holdings of RY. Vanguard Group Inc. boosted its position in Royal Bank Of Canada by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 67,628,463 shares of the financial services provider’s stock worth $11,529,165,000 after purchasing an additional 1,290,142 shares during the last quarter. FIL Ltd increased its position in shares of Royal Bank Of Canada by 1.1% during the 4th quarter. FIL Ltd now owns 23,258,871 shares of the financial services provider’s stock valued at $3,965,133,000 after purchasing an additional 255,465 shares during the last quarter. Norges Bank bought a new stake in shares of Royal Bank Of Canada during the 4th quarter worth $3,472,382,000. Bank of Nova Scotia raised its stake in shares of Royal Bank Of Canada by 1.6% during the 4th quarter. Bank of Nova Scotia now owns 15,233,532 shares of the financial services provider’s stock worth $2,596,904,000 after purchasing an additional 238,589 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Royal Bank Of Canada by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 13,741,480 shares of the financial services provider’s stock worth $2,389,773,000 after buying an additional 882,253 shares during the last quarter. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada News Roundup

Here are the key news stories impacting Royal Bank Of Canada this week:

• Positive Sentiment: Moneris sale strengthens capital flexibility. RBC and Bank of Montreal agreed to sell payments processor Moneris Solutions to Francisco Partners for approximately C$2 billion in cash. The proceeds could give RBC additional capacity for share buybacks, acquisitions, balance-sheet investment or other capital deployment. RBC and BMO sell Moneris for $2 billion
• Positive Sentiment: FY2027 earnings expectations increased. Erste Group raised its forecast for RBC’s fiscal 2027 earnings to $12.57 per share from $12.41, signaling improving confidence in the bank’s profit outlook. The revised estimate is also above the broader current-year consensus of $11.41 per share. Analyst raises RBC earnings estimate
• Positive Sentiment: Asset-management and ETF offerings continue to expand. RBC’s alliance with BlackRock launched two TSX-listed ETFs, adding international-equity and equity-plus-bitcoin products. The launches may support long-term fee-based asset growth and strengthen RBC’s investment-product distribution platform. RBC iShares launches two new ETFs
• Neutral Sentiment: RBC is reopening a large bond fund. RBC Global Asset Management is accepting new investors into a C$13.9 billion bond fund as Canadian high-yield issuance increases. This could benefit management-fee revenue, but the direct earnings impact is not quantified. RBC reopens bond fund
• Negative Sentiment: Moneris divestiture removes a strategic payments asset. Although the cash proceeds are favorable, RBC will give up future earnings and growth exposure from Moneris. The impact will depend on how effectively management redeploys the capital.
• Neutral Sentiment: RBC executives’ participation in an upcoming Milken Toronto event and a C$1 million RBC Foundation education initiative enhance visibility and social impact but are unlikely to drive near-term financial results.

About Royal Bank Of Canada

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.