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 $97.68, up 0.42% from the previous day, and has increased 1.08% in one year. It has underperformed other stocks in the Banks - Diversified industry by 0.22 percentage points. Royal Bank Of Canada stock is currently +25.39% from its 52-week low of $77.90, and -5.97% from its 52-week high of $103.88.
There are currently 1.41B RY shares outstanding. The market value of RY is $137.56B. In the last 24 hours, 600,279 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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Get $10 towards your share purchase by opening an account with eToro now.
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 undervalued based on its P/E ratio of 12.3x, relative to Banks - Diversified industry P/E ratio of 13.39x
- RY could be overvalued based on its P/B ratio of 1.6x, relative to Banks - Diversified industry P/B ratio of 1.12x
- RY may be overvalued based on its PEG ratio of 3.97x
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 $4.87B allows it to safely service it's debt of $21.01B.
- RY earnings of $12.94B is not enough to cover its interest payments.
Signs that RY is not financially healthy:
- Total RY debt is higher than 5 years ago, relative to shareholder equity.
- RY profit margin has gone down from 30.1% to 27.9% in the past year.
- RY has a relatively high debt to equity ratio of 15.96.
Is it a good time to buy Royal Bank Of Canada stock, according to Wall Street analysts?
Out of 1 Wall Street analysts who give recommendations on RY, the consensus analyst rating on RY is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Royal Bank Of Canada stock forecast page.
RY Technical Indicators
RY Growth Numbers
Last year, RY earnings were $11.28B. In the past 5 year, RY's earnings have increased by 4.25% per year. This was slower than the Banks - Diversified industry average of 6.45%.
Last year, RY revenue was $40.39B. Over the last 5 year, RY's revenue has increased by 4.23% per year. This was slower than the Banks - Diversified industry average of 5.35%.
Learn more about RY's earnings and revenue performance here.
What are RY insiders up to?
In the last 12 months, executives and large shareholders at RY have not bought or sold any shares.
Get more info about who owns RY stock here.
Can I get consistent income from RY stock?
Royal Bank Of Canada pays a dividend of 4.52%, compared to the Banks - Diversified industry's average dividend yield of 4.66%. If you owned $1,000 worth of RY stock, you would have been paid $45.19 in the past year.
Royal Bank Of Canada dividend payments have consistently grown over the past decade but have not remained stable.
Find more data about Royal Bank Of Canada dividend yield and history here.
Get analysis from other investors
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
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 stock at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Press the Open button and eToro will execute your order.
If you want additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Watch your investment in RY
Now that you own some shares in RY, you'll want to keep up with your shares.
Add RY to a watchlist to track the latest developments regarding your RY stock.
RY Feed
How to Buy Stock in Royal Bank Of Canada
To reiterate, 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 online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Royal Bank Of Canada, add RY to your watchlist below.
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