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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 $98.66, up 0.53% from the previous day, and has decreased 1.93% in one year. It has underperformed other stocks in the Banks - Diversified industry by 0.08 percentage points. Royal Bank Of Canada stock is currently +26.65% from its 52-week low of $77.90, and -3.74% from its 52-week high of $102.49.

There are currently 1.4B RY shares outstanding. The market value of RY is $138.36B. In the last 24 hours, 399,465 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.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit funds into your brokerage account: Pick your method of payment and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

In our opinion, eToro is the best place to buy stocks. Here's why:

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  • Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
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Get $10 towards your share purchase by opening an account with eToro now.

Open eToro Account
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Step 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

  1. Click here to get started.
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  2. Enter your personal details to start your new trading account.
  1. Send your info by clicking the "Create Account" button.
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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.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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

RY Price
$98.66
1w %
0.85%
1y %
-1.93%
5y %
27.16%
P/E
12.95x
P/B
1.62x
P/S
3.4x
PEG
4.83x
Revenue
$40.67B
Earnings
$10.77B
Fore. Rev. Growth
2.54%
Fore. Earn. Growth
N/A
Market Cap
$138.36B
Next Earnings
Feb 28, 2024
Next Dividend
N/A

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 12.95x, relative to Banks - Diversified industry P/E ratio of 13.48x
  • RY could be overvalued based on its P/B ratio of 1.62x, relative to Banks - Diversified industry P/B ratio of 1.08x
  • RY may be overvalued based on its PEG ratio of 4.83x

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 $18.90B allows it to safely service it's debt of $24.01B.
  • RY earnings of $13.38B 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 32.2% to 26.5% in the past year.
  • RY has a relatively high debt to equity ratio of 16.04.

You can dig deeper into what analysts are forecasting on the Royal Bank Of Canada stock forecast page.

RY Trading Indicators

SMA10
97.49
SMA20
97.62
SMA50
98.62
SMA100
91.93
SMA200
92.59
MACD
0.03
MACD Signal
-0.1
MACD Histogram
0.13
RSI
54.98
Stochastic %K
86.44
Stochastic %D
78.76
StochRSI %K
96.56
StochRSI %D
93.86

How are RY Revenues/Earnings doing?

Last year, RY earnings were $10.77B. During the past 5 year, RY's earnings have grown by 3.68% per year. This was slower than the Banks - Diversified industry average of 6.58%.

Last year, RY revenue was $40.67B. During the past five year, RY's revenue has gone up by 4.74% per year. This was slower than the Banks - Diversified industry average of 5.2%.

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?

Royal Bank Of Canada pays a dividend of 4.05%, compared to the Banks - Diversified industry's average dividend yield of 4.24%. If you owned $1,000 worth of RY stock, you would have been paid $40.53 last year.

Royal Bank Of Canada dividend payments have consistently grown over the past decade but have not remained stable.

Dig into more info about Royal Bank Of Canada dividend yield and history here.

What do other investors have to say about RY?

One of the major reasons eToro is our highest-rated 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 main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are generally fine for most investors.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a given dollar amount limit, place a limit order.

Press the Open Trade button and eToro will place your order.

If you require more assistance investing in stocks on eToro, watch the helpful video below:

Open eToro Account

Step 6: Watch your investment in RY

Now that you own some shares in RY, you'll want to keep up with your new stock purchase.

Add RY to a watchlist to track the most important metrics related to 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:

  1. Figure out where to buy Royal Bank Of Canada stock
  2. Sign up for your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Royal Bank Of Canada stock
  5. Execute your RY buy order
  6. Watch your investment in RY

If you need a place to buy stocks, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get updates on your new investment in Royal Bank Of Canada, hit the button below to create your watchlist.

NYSE: RY
$98.66+0.52 (+0.53%)
Updated Feb 23, 2024
Open eToro Account
NYSE: RY
$98.66+0.52 (+0.53%)
Updated Feb 23, 2024
Open eToro Account

FAQ

How much does it cost to buy one Royal Bank Of Canada share?

As of Feb 23, 2024, it costs $98.66 to buy one share of Royal Bank Of Canada stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.101 shares of RY.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Royal Bank Of Canada stock?

One way to place an order for Royal Bank Of Canada stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.