TSE:RY
Royal Bank (RY.TO)
295.01
+1.34 (0.46%)
as of Jul 24, 2026, 8:00:00 pm Market Open.
1479 watching
Financials 
Technical Analysis 0
Investor Insights
Jul 25, 2026, 12:00 amThis summary was created by AI, based on 58 opinions in the last 12 months.
Royal Bank (RY-T) continues to be recognized as a leading institution in Canada, benefiting significantly from advancements in AI and a regulatory environment favorable to capital lending. Though the bank's stock price is currently perceived as high, especially with a valuation approaching 3x book value, its strong performance in capital markets and retail banking suggests ongoing resilience and growth potential. Experts highlight an optimistic outlook given the bank's ability to maintain low loan losses and robust earnings, with many reiterating it as a top pick. The consensus among analysts suggests a focus on the bank's dividend growth, strong return on equity, and strategic positioning, particularly following significant acquisitions that enhance its global capabilities.
Consensus
Positive
Valuation
Overvalued
Similar
TD
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Premium contentPAST TOP PICK
HOLD
Canadian banks are in a tough space right now, with slowing economy and housing. RY and TD are the gold standards of banks in Canada, and they trade at a valuation premium for that. It's always that tradeoff, valuation vs. growth & quality.
Jamie Murray No
banks
BUY
Results were pretty good, but then it surprised with HSBC acquisition. Stick with the banks that continue to knock it out of the park. Happy to continue buying. He doesn't foresee a really bad recession in Canada in 2023. Banks can offset a lot of their mortgages. They do have exposure, but it's not as huge as you think. Live and die with wealth management and investment banking operations, so they need the economy to improve.
Barry SchwartzOwned
banks
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate this Canadian chartered bank as a TOP PICK. If interest rates stay here or go higher, they stand to improve on profitability. If deflation occurs with a slowing economy this is still a good investment based on their longevity and ability to pay good dividends (which were just raised another 3%). Recently reported earnings beat expectations and support a ROE of 15%. We recommend trailing up the stop-loss (from $110) to $123, looking to achieve $145 -- upside over 12%. Yield 4.1% (Analysts’ price target is $144.92)
banks
HOLD
He still owns. Banking industry is in very good shape in this country. Great dividend yield, trading at reasonable book value. Trouble is that net interest income is being offset by investment banking and such that are doing poorly. Longer term, will do well. Lots of capital to increase dividends or buy back shares. He's comfortable owning at these levels. May have seen a bit of weakness due to the HSBC purchase.
Paul Harris, CFAOwned
banks
TOP PICK
Investing in company with recent selloff in the market.
Diverse business mix with wealth management, loan growth, commercial banking etc.
Recent acquisitions working out well.
Current valuation a historical discount (P/E etc.).
Loan provisions and capital ratios very strong.
Strong dividend with room for growth.
Christine PooleOwned
banks
TOP PICK
7th largest bank in the world, will get bigger with pending acquisition of HSBC Canada. This will up its market share in Canada and increase opportunities for cross-selling internationally. Biggest wealth management player in Canada. Well diversified by line of business and geographically. Dividend grows by high single digits, contributing to good line of sight to low double-digit growth over a cycle. Yield is 4.12%. (Analysts’ price target is $142.34)
Brian MaddenOwned
banks
BUY
Wonderful company. Diversified, and they manage all the pieces very well. Strong brand, one of the strongest in the country. HSBC acquisition has mixed reviews, they paid a high multiple but it gives them an advantage over peers. He's not worried the deal won't proceed. Multiple is lower than the market, while the dividend yield is higher. Long term, banks tend to outperform.
banks
PAST TOP PICK
(A Top Pick Nov 16/21, Up 4%) Continues to hold stock (4% dividend yield).
Stock has outperformed market relative to peers in segment.
Diverse business with wealth management business etc.
Expecting dividend to increase slowly.
Will continue to hold shares.
Christine PooleOwned
banks
PAST TOP PICK
(A Top Pick Nov 03/21, Up 1%) Dividends are an important part of total return. Though it has a big footprint in the US, better positioned than big US money-centre banks to weather a credit cycle. Dominant wealth management will propel it to outperform Canadian peers in a downturn. Continues to buy.
Brian MaddenOwned
banks
TOP PICK
Banks will be somewhat sensitive to higher rates, but RY has a very diversified earnings base. Management's investing heavily in maintaining lead market share. Though not the best yield in the bunch, dividend very safe, and he expects increases. Safety in this market. Yield is 4.04%. (Analysts’ price target is $139.19)
Michael SprungOwned
banks
HOLD
Best in class. He's lightened up on financials. Valuations are compelling, but margin and loan growth will be stagnant. Banks don't do well in recessions. No tailwinds right now.
Paul Gardner, CFAOwned
banks
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Our PAST TOP PICK with RY is progressing well. To remain disciplined, we recommend trailing up the stop to $131 at this time.