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 $127.75, down 0.83% from the previous day, and has increased 22.38% in one year. It has underperformed other stocks in the Banks - Diversified industry by 0.07 percentage points. Royal Bank Of Canada stock is currently +24.61% from its 52-week low of $102.52, and -1.32% from its 52-week high of $129.46.
There are currently 1.41B RY shares outstanding. The market value of RY is $180.30B. In the last 24 hours, 714,000 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 an online brokerage, but don't worry - we've analyzed dozens of online 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 found.
- Deposit funds into your brokerage account: Pick your method of payment and add your details.
- 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 market 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 stock at a given price.
- Watch your investment in RY: Create a watchlist to watch your new 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 shares.
Our preferred brokerage: eToro
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal info so you are able to buy RY stock today.
How to Start a New 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 details to start your new trading account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on investing apps, you can securely and quickly fund your account:
Check out this video walkthrough to see the process of depositing funds into your new brokerage account.
Step 4: Research Royal Bank Of Canada stock
After you have chosen the best place to buy Royal Bank Of Canada stock, it's very important to evaluate their stock prior to buying, so you can comprehend the risk as well as the upside.
Royal Bank Of Canada Numbers
Royal Bank Of Canada Fundamentals
WallStreetZen was designed to help part-time investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on RY's stock page.
Is RY stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge RY's fair value.
Using relative valuations metrics:
- RY may be overvalued based on its P/E ratio of 14.22x, relative to Banks - Diversified industry P/E ratio of 13.34x
- RY could be overvalued based on its P/B ratio of 1.91x, relative to Banks - Diversified industry P/B ratio of 1.31x
- RY may be overvalued based on its PEG ratio of 3.01x
You can do more valuation analysis on RY's stock here.
RY Financial Health
Signs that RY is financially healthy:
- RY's operating cash flow of $58.14B allows it to safely service it's debt of $9.84B.
- RY profit margin has gone up from 28.7% to 29.3% in the past year.
- RY earnings of $16.09B is not enough to cover its interest payments.
- Total RY debt is lower than 5 years ago, relative to shareholder equity.
Signs that RY is not financially healthy:
- RY has a relatively high debt to equity ratio of 15.93.
You can dig deeper into what analysts are forecasting on the Royal Bank Of Canada stock forecast page.
RY Trading Indicators
How are RY Revenues/Earnings doing?
Last year, RY earnings were $13.01B. During the past 5 year, RY's earnings have grown by 10.42% per year. This was slower than the Banks - Diversified industry average of 13.41%.
Last year, RY revenue was $44.37B. During the past five year, RY's revenue has gone up by 6.61% per year. This was faster than the Banks - Diversified industry average of 5.07%.
You can analyze RY's earnings and revenue performance here.
Are RY insiders buying or selling the stock?
Over the past year, insiders at RY have not bought or sold any shares.
Get more info about who owns RY shares here.
Does RY stock generate passive income?
No, Royal Bank Of Canada doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your RY buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, place a limit order.
Click the Open Trade button and eToro will place the order.
If you want more help with investing in stocks on eToro, click the how to video below:
Step 6: Watch your investment in RY
Now that you own some shares in RY, you'll want to stay up-to-date on your investment.
Add RY to a watchlist to keep tabs on your RY stock.
RY Feed
How to Buy Stock in Royal Bank Of Canada
To summarize, here are the 6 steps you need to take to buy Royal Bank Of Canada stock right now:
- 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 place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your investment in Royal Bank Of Canada, create a watchlist on WallStreetZen today.
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