How to Buy Royal Bank Of Canada Stock
Royal Bank Of Canada
Royal Bank Of Canada is a diversified bank company located in Ontario, Canada, which is part of the Financial Services sector, and is traded under the ticker RY on the NYSE exchange.
Royal Bank Of Canada stock last closed at $122.98, up 1.7% from the previous day, and has increased 38.73% in one year. It has overperformed other stocks in the Banks - Diversified industry by 0.08 percentage points. Royal Bank Of Canada stock is currently +57.87% from its 52-week low of $77.90, and -0.17% from its 52-week high of $123.19.
There are currently 1.41B shares of RY outstanding. The market capitalization of RY is $173.85B. In the past 24 hours, 670,550 RY shares were traded.
How to Buy Royal Bank Of Canada Stock
Wondering how to invest in Royal Bank Of Canada stock? Here's how.
- Figure out where to buy Royal Bank Of Canada stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Royal Bank Of Canada stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your method of payment and add your info.
- Research Royal Bank Of Canada stock: The Royal Bank Of Canada ticker symbol is RY. Is Royal Bank Of Canada stock a good investment? Should you buy shares of RY? How do RY's underlying business fundamentals look? Do top analysts think Royal Bank Of Canada is a good buy? Why has RY's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if RY is a good stock to buy).
- Execute your RY buy order: Decide if you will purchase RY shares at the current market price or use a limit order to buy RY shares at a specific price.
- Watch your investment in RY: Create a watchlist to get live updates on your investment in Royal Bank Of Canada stock.
Step 1: Figure out where to buy Royal Bank Of Canada stock
You need a brokerage account to access the NYSE market and buy RY stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, you need to fill out some personal information so you are able to invest in RY today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new brokerage account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have filled out your info on the best stock app to use, your next step is to transfer the money for your investment:
Watch the walkthrough below for more details depositing money into your new brokerage account.
Step 4: Research Royal Bank Of Canada stock
Once you have selected the best place to buy Royal Bank Of Canada stock, it's crucial to research their stock prior to buying, so you actually understand the risk as well as the opportunity.
Overview of key RY info
Royal Bank Of Canada Due Diligence Checks
WallStreetZen was created to help everyday investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on RY's stock page.
Is RY stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge RY's true value.
Using relative valuations methods:
- RY could be overvalued based on its P/E ratio of 14.88x, relative to Banks - Diversified industry P/E ratio of 12.15x
- RY may be overvalued based on its P/B ratio of 1.9x, relative to Banks - Diversified industry P/B ratio of 1.13x
- RY could be overvalued based on its PEG ratio of 2.12x
You can do more valuation research on RY's stock here.
RY Financials at a glance
Signs that RY is financially healthy:
- Total RY debt is lower than 5 years ago, relative to shareholder equity.
- RY profit margin has gone up from 28.3% to 29.2% in the past year.
Signs that RY is not financially healthy:
- RY has a relatively high debt to equity ratio of 15.69.
Is it a good time to buy Royal Bank Of Canada stock, according to Wall Street analysts?
Out of 2 Equities analysts who monitor RY, the consensus analyst rating on RY is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Royal Bank Of Canada stock forecast page.
RY Momentum
How is RY performing as a company?
Last year, RY earnings were $11.87B. During the past five year, RY's earnings have grown by 3.83% per year. This was slower than the Banks - Diversified industry average of 7.33%.
Last year, RY revenue was $40.66B. In the past five year, RY's revenue has gone up by 2.84% per year. This was slower than the Banks - Diversified industry average of 3.91%.
You can research RY's earnings and revenue performance here.
Are RY insiders buying or selling the stock?
In the past 12 months, insiders at RY have not bought or sold any shares.
Dig into more about who owns RY shares here.
Does RY stock generate passive income?
Royal Bank Of Canada pays a dividend of 3.91%, compared to the Banks - Diversified industry's average dividend yield of 4.44%. If you owned $1,000 of RY stock, you would have been paid $39.13 in the past year.
Royal Bank Of Canada dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more analysis about Royal Bank Of Canada dividend yield and history here.
RY Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your RY buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price limit, use a limit order.
Press the Open Trade button and your broker will place the order.
If you want more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Watch your investment in RY
Now that you own some RY stock, you'll want to keep up with your new stock purchase.
Put RY on a watchlist to see the latest developments about your RY stock.
RY Feed
How to Buy Stock in Royal Bank Of Canada
To summarize, here are the 6 steps to buy stock in Royal Bank Of Canada:
- Figure out where to buy Royal Bank Of Canada stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Research Royal Bank Of Canada stock
- Execute your RY buy order
- Watch your investment in RY
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Royal Bank Of Canada, click the button below.
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