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 $117.76, up 0.08% from the previous day, and has increased 20.56% in one year. It has overperformed other stocks in the Banks - Diversified industry by 0.03 percentage points. Royal Bank Of Canada stock is currently +22.01% from its 52-week low of $96.52, and -8.04% from its 52-week high of $128.05.
There are currently 1.41B RY shares outstanding. The market value of RY is $166.38B. In the last 24 hours, 516,906 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
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.
- Security: eToro is a regulated and licensed fintech leader.
- 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 13.6x, relative to Banks - Diversified industry P/E ratio of 12.61x
- RY could be overvalued based on its P/B ratio of 1.77x, relative to Banks - Diversified industry P/B ratio of 1.23x
- RY may be overvalued based on its PEG ratio of 2.44x
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 $39.39B allows it to safely service it's debt of $9.68B.
- RY profit margin has gone up from 29.2% to 29.3% in the past year.
- RY earnings of $15.45B 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 15.45.
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 $12.52B. In the past 5 year, RY's earnings have increased by 4.7% per year. This was slower than the Banks - Diversified industry average of 9.36%.
Last year, RY revenue was $42.67B. Over the last 5 year, RY's revenue has increased by 3.45% per year. This was slower than the Banks - Diversified industry average of 4.22%.
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?
No, Royal Bank Of Canada doesn't provide an income stream by paying out dividends.
RY Social Trading Data
One of the primary reasons eToro is our favorite 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
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the best for newer 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 ensure you're buying or selling at a specific dollar amount limit, place a limit order.
Press the Open Trade button and eToro will execute your order.
If you want additional help with buying stocks on eToro, click the helpful video below:
Step 6: Watch your investment in RY
Now that you own some RY shares, you'll want to stay up-to-date on your company.
Make a watchlist to monitor your RY stock.
RY Feed
How to Buy Stock in Royal Bank Of Canada
To summarize, here are the 6 steps to buy Royal Bank Of Canada stock:
- 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 require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Royal Bank Of Canada, get started below.
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