The Royal Bank of Canada (RBC; French: Banque Royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. Founded in 1864 in Halifax, Nova Scotia, RBC has its corporate headquarters in Toronto and its head office in Montreal. Serving over 20 million clients worldwide, RBC employs more than 100,000 people. In November 2017, RBC was added to the Financial Stability Board’s list of global systemically important banks.
In Canada, RBC’s personal and commercial banking operations are branded as RBC Royal Bank in English and RBC Banque Royale in French, serving approximately 11 million clients through its network of 1,284 branches. RBC Bank is a U.S. subsidiary that offers cross-border banking services to Canadian travelers and expats. RBC’s other U.S. subsidiary, City National Bank, operates 79 branches across 11 states. Additionally, RBC has 127 branches across 17 countries in the Caribbean, serving more than 16 million clients. RBC Capital Markets is its global investment and corporate banking subsidiary, while investment brokerage services are provided through RBC Dominion Securities.
Market Capitalization of Royal Bank of Canada (RY)
- Market Cap as of May 2024: $150.05 billion
- This makes RBC the world’s 90th most valuable company by market cap.
- Market capitalization, or market cap, is the total market value of a publicly traded company’s outstanding shares and is commonly used to measure a company’s worth.
Revenue for Royal Bank of Canada (RY)
- Revenue in 2024 (TTM): $40.48 billion
- Revenue in 2023: $40.39 billion
- Revenue in 2022: $37.57 billion
Revenue represents the total income generated from the sale of goods or services without deducting expenses.
Earnings for Royal Bank of Canada (RY)
- Earnings in 2024 (TTM): $12.94 billion
- Earnings in 2023: $13.61 billion
- Earnings in 2022: $15.47 billion
The earnings displayed are the company’s pretax income.
Stock Price History for Royal Bank of Canada (RY)
- Highest End of Day Price: $118.79 USD on January 18, 2022
- Lowest End of Day Price: $5.19 USD on October 26, 1995
P/E Ratio for Royal Bank of Canada (RY)
- P/E Ratio as of May 2024 (TTM): 13.8
- At the end of 2022, the P/E ratio was 11.0.
- The price-to-earnings (P/E) ratio measures the company’s current share price relative to its per-share earnings.
P/S Ratio for RoyalBank of Canada (RY)
- P/S Ratio as of May 2024 (TTM): 3.70
- At the end of 2023, the P/S ratio was 3.38.
- The price-to-sales (P/S) ratio compares the company’s stock price to its revenue.
Total Assets for Royal Bank of Canada (RY)
- As of January 2024: $1.473 trillion
- Total assets include all current and non-current assets, such as inventories, cash and cash equivalents, properties, and equipment.
Number of Shares Outstanding for RoyalBank of Canada (RY)
- As of May 2024: 1,406,324,000 shares
- The number of outstanding shares can be influenced by stock splits and share buybacks.
Cash on Hand for RoyalBank of Canada (RY)
- As of October 2022: $132.57 billion
- Cash on hand includes cash and cash equivalents, as well as short-term investments.
This detailed overview of the Royal Bank of Canada provides comprehensive insights into the bank’s market position, financial performance, and historical background, useful for investors and financial analysts.
