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Royal Bank of Canada - Stock Quote RY

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Morningstar's Royal Bank of Canada Stock Analysis

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Is it the right time to buy or sell?

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Economic Moat

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No Change to Our Fair Value Estimate for Royal Bank of Canada After Second-Quarter Earnings

Eric Compton, CFA Senior Equity Analyst

Business Strategy and Outlook

| Eric Compton, CFA |

Royal Bank of Canada is one of the two largest banks in Canada by assets and one of six that collectively hold roughly 90% of the nation's banking deposits. The bank derives two thirds of its revenue from Canada, with the rest primarily coming from the United States. It has done an admirable job of expanding its nonbank lines of business, running efficient banking operations, and generating some of the best returns for shareholders in the industry. We believe RBC should remain one of the dominant Canadian banks for years to come, even as a more difficult macro backdrop pressures earnings growth in the medium term.

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Royal Bank of Canada's Company Profile

Business Description

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.

Contact
1 Place Ville-Marie, Corporate Secretary's Department
Montreal, QC, H3B 3A9, Canada
T +1 416 974-8395
Sector Financial Services
Industry Banks - Diversified
Most Recent Earnings Apr 30, 2022
Fiscal Year End Oct 31, 2022
Stock Type
Employees 86,007

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