Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 6,095,117 shares, an increase of 140.9% from the September 15th total of 2,530,636 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 1,080,834 shares, the days-to-cover ratio is currently 5.6 days.
Institutional Investors Weigh In On Royal Bank Of Canada Hedge funds and other institutional investors have recently modified their holdings of the stock. GK Wealth Management LLC bought a new stake in shares of Royal Bank Of Canada during the third quarter valued at about $100,000. Balefire LLC lifted its holdings in Royal Bank Of Canada by 10.5% in the third quarter. Balefire LLC now owns 1,624 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 154 shares during the period. Riversedge Advisors LLC grew its position in Royal Bank Of Canada by 3.0% in the 3rd quarter. Riversedge Advisors LLC now owns 2,996 shares of the financial services provider’s stock valued at $589,000 after buying an additional 88 shares in the last quarter. Wedmont Private Capital grew its position in Royal Bank Of Canada by 1.8% in the 3rd quarter. Wedmont Private Capital now owns 3,949 shares of the financial services provider’s stock valued at $753,000 after buying an additional 71 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its position in Royal Bank Of Canada by 1.6% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 413,777 shares of the financial services provider’s stock valued at $81,588,000 after buying an additional 6,500 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors.
Royal Bank Of Canada Stock Performance Shares of NYSE RY opened at $192.78 on Tuesday. Royal Bank Of Canada has a 12-month low of $143.13 and a 12-month high of $218.57. The company has a market cap of $266.80 billion, a PE ratio of 16.87, a P/E/G ratio of 1.72 and a beta of 0.80. The stock has a 50 day simple moving average of $204.73 and a 200-day simple moving average of $195.62. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10.
Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last posted its earnings results on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, beating the consensus estimate of $2.89 by $0.18. The firm had revenue of $13.22 billion for the quarter, compared to analysts’ expectations of $12.98 billion. Royal Bank Of Canada had a return on equity of 17.79% and a net margin of 16.17%. On average, equities research analysts forecast that Royal Bank Of Canada will post 11.83 EPS for the current year. Royal Bank Of Canada Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, October 26th will be paid a C$1.76 dividend. The ex-dividend date of this dividend is Monday, October 26th. This represents a $7.04 annualized dividend and a dividend yield of 3.7%. Royal Bank Of Canada’s dividend payout ratio is presently 43.39%.
Analyst Upgrades and Downgrades A number of equities analysts have issued reports on RY shares. Weiss Ratings raised shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, July 29th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a report on Friday, August 21st. TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, August 28th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Royal Bank Of Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.
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Royal Bank Of Canada Company Profile (Get Free Report)
Royal Bank of Canada (NYSE: RY) is a diversified financial services company headquartered in Toronto, Canada. Founded in 1864, it operates under the RBC brand and serves individuals, businesses, institutional clients and governments.
RBC provides personal and commercial banking services, including deposit accounts, lending, mortgages, credit cards, payment solutions and financial advice. Its wealth management operations offer investment management, brokerage, trust, private banking and financial planning services to individuals, families and institutions.
Through RBC Capital Markets, the company provides investment banking, corporate banking, securities, sales and trading, and financial advisory services.
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Royal Bank of Canada uvedla, že ve 3. čtvrtletí dosáhla návratnosti vlastního kapitálu (ROE) přes 18 % a ukazatele CET1 13,5 %, přičemž těžila z růstu v Kanadě i USA a z úspor po akvizici HSBC.
3 Nimble Free Cash Flow Names With Light AssetsRoyal Bank Of Canada NYSE: RY Chief Financial Officer Katherine Gibson said the bank has made progress toward the strategic and financial objectives outlined at its Investor Day, citing growth across Canadian and global businesses, improved profitability and cost discipline.
Speaking at a Barclays event, Gibson pointed to third-quarter results that included a return on equity of just over 18% and a common equity tier 1 capital ratio of 13.5%. She said RBC’s year-to-date 2026 ROE was 17.6%, compared with 16.7% in 2025 and 15.5% in 2024.
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Accelerant’s Take-Private Deal Raises a Bigger Question for Insurance Stocks“We have a medium-term objective of 17% plus,” Gibson said, emphasizing that the bank does not view the target as a ceiling.
Canadian Growth and Efficiency Progress Gibson said RBC’s Canadian mortgage balances rose 4% year over year in the third quarter, in line with its guidance. She said the growth represented about half of market-share growth during the quarter. The bank also reported record Avion customer acquisitions and 9% year-over-year growth in commercial deposits.
VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?Beyond Canada, Gibson said RBC has been gaining share in investment banking, has launched a Global Transaction Banking initiative and is advancing its “one region, one RBC” strategy in the United States.
At the all-bank level, RBC reported an efficiency ratio of just over 52% in the third quarter, ahead of its 53% Investor Day target. Gibson said the result reflected expense-management efforts and CAD 760 million in HSBC-related cost synergies achieved ahead of schedule.
She added that RBC expects additional benefits from artificial intelligence investments beginning to scale in 2027. The bank previously targeted CAD 700 million to CAD 1 billion of AI benefits, net of investment, and expects further HSBC revenue synergies toward its CAD 300 million target.
Capital Markets, Capital Allocation and M&A Addressing the sustainability of capital-markets profitability, Gibson said favorable markets have supported both wealth management and capital markets, but noted that RBC’s performance also reflects multiyear investments in technology and talent.
She highlighted corporate banking, U.S. transaction-banking platform RBC Clear and investment banking as more stable or diversified components of the capital-markets franchise. While market activity could decline, Gibson said RBC’s broader business mix includes personal banking, commercial banking, wealth management and capital markets across regions and products.
Following the Office of the Superintendent of Financial Institutions’ reduction of the domestic stability buffer, Gibson said RBC is comfortable operating with a CET1 ratio between 12.5% and 13.5%, targeting roughly the midpoint of that range. The bank does not intend to reduce capital rapidly, she said, citing potential unforeseen risks and future opportunities.
RBC’s first capital-allocation priority remains organic growth. Its second priority is sustaining dividend growth, with a targeted payout ratio of 40% to 50%. Buybacks remain a tactical tool, according to Gibson. Inorganic opportunities rank fourth, with the bank maintaining a high bar for acquisitions. Gibson said RBC would consider acquisitions that accelerate existing strategies, particularly small U.S. additions in wealth management or commercial banking. She also cited the bank’s purchase of Pinch, a digital mortgage-origination company in Canada, as an example of a smaller acquisition that can accelerate development.
Loan Demand, Rates and Credit RBC is seeing continued retail and commercial growth, though tariff-related pressures are affecting certain sectors and regions, Gibson said. She said commercial real estate, which represents about 40% of the bank’s commercial book, has experienced slower growth, while agriculture, technology, health care and the public sector have been stronger.
Tariff-sensitive sectors are more concentrated in Ontario, contributing to slower growth there, while Alberta, the Prairies and the East Coast have shown stronger activity, she said. RBC expects Canadian government infrastructure projects to become a more meaningful source of activity near the end of 2027 and into 2028.
On interest rates, Gibson said RBC focuses primarily on net interest income excluding trading rather than net interest margin alone. The bank reported 7% year-to-date growth in that measure, or 11% excluding certain HSBC purchase-price-accretion effects and accounting-related capital-markets items.
RBC expects Canadian banking net interest margin to remain stable through the fourth quarter. Gibson said a 25-basis-point increase at the short end of the curve would add roughly CAD 35 million annually to net interest income, based on the bank’s disclosures.
On credit, Gibson said RBC is comfortable with its reserve position. Its IFRS 9 provisioning framework incorporates an upside case, a base case and three downside scenarios, including one built around a tariff-driven recession. She said provisions in the retail portfolio are near a 20-year high, while Stage 3 provisions have been gradually improving across retail and commercial books.
Transaction Banking and U.S. Expansion RBC’s newly announced Global Transaction Banking unit will consolidate capabilities including RBC Edge in Canada, RBC Clear in the United States and transaction-banking operations at City National. Gibson said the effort is designed to provide a single client-facing strategy while creating a more cohesive global platform.
RBC Clear has added more than 235 clients, roughly one-third of which are S&P clients, she said. The business is expected to support deposits, stable ancillary revenue and more economical funding.
In the U.S., RBC achieved a 12% ROE in the third quarter and an efficiency ratio toward the low end of the 70% range. Gibson said City National generated CAD 184 million in bottom-line contribution during the quarter, supported by lower costs and profitable revenue growth. She said further opportunity remains in infrastructure efficiency, funding optimization and cross-selling banking products to wealth-management clients.
About Royal Bank Of Canada (NYSE:RY)Royal Bank of Canada (RBC) is a diversified financial services company headquartered in Toronto, Canada. Founded in 1864, it is one of Canada's largest banks and serves individuals, businesses, institutions and governments.
RBC provides personal and commercial banking products, including deposit accounts, mortgages, consumer and business loans, credit cards and payment services. Through its wealth management operations, the company offers investment advice, brokerage, asset management, trust and estate services, and private banking.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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RBC formálně vytvořila jednotný globální byznys Global Transaction Banking pod společným vedením. Cílem je propojit transakční bankovnictví napříč bankou a podpořit růst klientů přes hranice.
New co-leadership unifies RBC's transaction banking capabilities across the bank to serve clients seamlessly across borders
, /PRNewswire/ -- Royal Bank of Canada (RBC) today announced the formal establishment of Global Transaction Banking (GTB) as a unified global business, advancing RBC's role as a globally connected bank providing trusted expertise to help clients grow across borders. RBC's ambition is to build a leading global transaction banking franchise based on deep relationships, best-in-class capabilities, global scale and a leading digital experience.
GTB will be jointly led by Sean Amato-Gauci, Group Head, Commercial Banking and Co-Head, Global Transaction Banking, and Derek Neldner, CEO and Group Head, RBC Capital Markets and Co-Head, Global Transaction Banking. Together, they are accountable for establishing RBC as a global transaction banking leader across all client segments.
The combined business brings together RBC's transaction banking capabilities from across Commercial Banking, in Canada and the U.S., and Capital Markets under shared leadership and a single strategy — connecting relationship coverage, product expertise, technology and execution to deliver greater value for clients. Given this business will support transaction banking services across RBC, this new structure will not change the bank's financial reporting and results will continue to be reported within existing business segments.
Kartik Kaushik has been appointed Head, Global Transaction Banking — Product, Platforms and Solutions, and Michael Klopchic has been appointed Head, Global Transaction Banking — Client Coverage, each will report jointly to Sean and Derek. Kartik will lead product strategy, innovation and platform delivery, while Michael will lead client coverage, sales execution and go-to-market strategy.
GTB's growing suite of capabilities includes RBC Clear, a digital cash management platform in the U.S., and RBC Edge, a digital cash management platform in Canada. Together, these platforms serve an expanding base of domestic and global clients across their working capital lifecycle needs. GTB also brings leading expertise across foreign exchange, payments, trade finance and liquidity management. GTB is central to RBC's ambition to generate new deposits that will fund the bank's next phase of growth.
RBC holds a #1 position in transaction banking in Canada, including the largest wholesale deposit portfolio1 and the leading payments franchise in the industry2, with rapidly growing momentum in the U.S., GTB will build on this foundation to accelerate growth globally.
"Being more globally connected isn't just about where we operate; it's about how we bring the full strength of RBC to our clients," said Dave McKay, President and Chief Executive Officer of RBC. "For businesses navigating a more complex economy, that means being a trusted partner who understands both local nuances and the global picture — helping them move money, manage liquidity and risk, and operate seamlessly on an international basis.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/peopleandplanet.
For more information, please contact:
Jeremy Laurin, RBC, [email protected]
Royal Bank of Canada oznámila čtvrtletní dividendu na jednu kmenovou akcii ve výši 1,76 USD na akcii. U preferenčních akcií schválila také dividendy pro série BO a BW.
, /CNW/ -- Royal Bank of Canada (TSX: RY) (NYSE: RY) announced today that its board of directors has declared a quarterly common share dividend of $1.76 per share, payable on or after November 24, 2026, to common shareholders of record at the close of business on October 26, 2026.
The board also declared a dividend for the following Non-Cumulative First Preferred Shares, payable on or after November 24, 2026, to shareholders of record at the close of business on October 26, 2026.
Series BO of $0.3678125 per share The board also declared dividends for the following Non-Cumulative First Preferred Shares, payable on or after November 24, 2026, to shareholders of record at the close of business on November 17, 2026.
Series BW of $33.49 per share For further information, please contact:
Royal Bank (RY - Free Report) came out with quarterly earnings of $3.07 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $2.79 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +6.23%. A quarter ago, it was expected that this bank would post earnings of $2.81 per share when it actually produced earnings of $2.84, delivering a surprise of +1.07%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Royal Bank, which belongs to the Zacks Banks - Foreign industry, posted revenues of $13.28 billion for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 2.96%. This compares to year-ago revenues of $12.36 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Royal Bank shares have added about 21.5% since the beginning of the year versus the S&P 500's gain of 12.1%.
What's Next for Royal Bank?While Royal Bank has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Royal Bank was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.92 on $13.1 billion in revenues for the coming quarter and $11.59 on $51.23 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Foreign is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Banco Comercial Portugues S.A. Unsponsored ADR (BPCGY - Free Report) , has yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of -24%. The consensus EPS estimate for the quarter has been revised 4.4% higher over the last 30 days to the current level.
Banco Comercial Portugues S.A. Unsponsored ADR's revenues are expected to be $1.08 billion, up 116% from the year-ago quarter.
Royal Bank of Canada vykázala rekordní zisk za 3. čtvrtletí ve výši 6 mld. CAD, meziročně o 11 % více. Tržby vzrostly o 9 % díky růstu napříč bankovnictvím, správou majetku a kapitálovými trhy.
VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?Royal Bank Of Canada NYSE: RY reported record third-quarter earnings of CAD 6 billion, up 11% from a year earlier, as broad-based revenue growth across its banking, wealth management and capital-markets businesses supported profitability.
Diluted earnings per share were CAD 4.23, while adjusted diluted EPS was CAD 4.28, also up 11% year over year. Chief Executive Officer Dave McKay said revenue rose 9%, supported by client activity, a diversified business mix and a favorable market backdrop. The bank generated adjusted operating leverage of 2.4% and reported an adjusted efficiency ratio of 52%.
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BitMine’s Ethereum Bet Is Only Part of the StoryRBC’s return on equity was 17.9%, while its Common Equity Tier 1 capital ratio remained at 13.5%. The bank generated 80 basis points of capital internally during the quarter and deployed 85 basis points through business growth, dividends and share repurchases. RBC repurchased 5.6 million shares for approximately CAD 1.6 billion during the period.
Growth Across Major Businesses Personal Banking produced CAD 1.9 billion of earnings, with Canadian personal-banking net income down 1% year over year. Revenue reached a record and increased 4%, while net interest income rose 5%. Excluding the effect of lower purchase price adjustments related to RBC’s acquisition of HSBC Bank Canada, personal-banking net interest income increased 8%, driven by 4% loan growth and higher margins.
3 High-Risk Stocks That Soared in 2025 But Can Still Fly HigherMcKay said sequential mortgage growth reached 1.8%, the strongest level since the HSBC Canada acquisition. Credit-card balances increased 7% from the prior year, while the combined total of average retail deposits and mutual-fund assets under administration increased 8%, or CAD 47 billion. RBC also cited record new-account acquisition at its Avion Rewards program.
Commercial Banking reported record net income of CAD 936 million, up 12% from a year earlier. Revenue increased 5%, driven mainly by higher volumes and margins. Deposits rose 9% year over year and 6% sequentially, while loans increased 4% year over year and 1% sequentially. The segment’s loan-to-deposit ratio improved three percentage points to 58%.
Commercial Banking Group Head Sean Amato-Gauci said loan growth accelerated during the quarter, with July representing the business’s strongest monthly growth in a year. He cited activity in agriculture, healthcare, the public sector and certain real-estate categories. He also said RBC’s HSBC client-retention trends were below the attrition levels modeled during due diligence.
Capital Markets and Wealth Set Records Capital Markets posted record net income of CAD 1.5 billion, up 16% from the prior year, with record pre-provision, pre-tax earnings of CAD 2 billion. Global markets revenue increased 11%, supported by equities trading and non-trading and financing portfolios, partly offset by weaker rates-trading activity amid muted client demand.
Corporate and investment-banking revenue rose 16%, including a 23% gain in investment-banking revenue. McKay said higher origination and merger-and-acquisition activity contributed to RBC’s market share reaching 2.1% over the past 12 months. Lending and transaction-banking revenue rose 10%, helped by loan and deposit growth.
Group Head of Capital Markets Derek Neldner said the artificial-intelligence capital-expenditure cycle is creating opportunities across technology, data centers, power, energy and critical minerals. He said RBC is using lending relationships to support investment banking, transaction banking, trading and wealth-management activity.
Wealth Management earned CAD 1.4 billion, up 32% year over year, as revenue reached a record and the segment’s pre-tax margin rose four percentage points to 29.3%. Non-interest income grew 16%, supported by market appreciation, positive net sales, new assets and increased transaction activity. Canadian and U.S. wealth-management assets under administration increased 20% and 14%, respectively.
RBC Direct Investing benefited from nearly 40% year-over-year growth in trading volumes. Group Head of Wealth Management and Insurance Neil McLaughlin said the bank does not expect a required step-up in investment spending to sustain current growth, noting that technology and artificial-intelligence initiatives are being funded within the existing investment envelope.
Transaction Banking and U.S. Expansion RBC said it is building a global transaction-banking business intended to provide an integrated offering for commercial and wholesale clients operating across borders. McKay said the effort will combine the bank’s existing technology platforms and enable a more focused global go-to-market strategy.
Neldner said RBC expects to make organizational changes over the next 60 to 90 days while seeking to avoid disrupting momentum in existing businesses. The bank plans to introduce performance indicators over time to track the broader transaction-banking initiative.
In the United States, City National Bank earned $184 million during the quarter, supported by 8% loan growth and 5% deposit growth. RBC said its U.S. region efficiency ratio improved to 75% year to date, closer to its target in the low-70% range. McKay said the company sees substantial organic growth opportunities at City National, including expansion into the Southeast and potentially Texas, as well as product cross-selling to wealth clients.
Credit Trends and Outlook Chief Risk Officer Graeme Hepworth said RBC retained elevated weightings to downside scenarios in its provisioning process because of geopolitical tensions and uncertain trade policy. The bank recorded CAD 21 million, or one basis point, of provisions on performing loans.
Provisions on impaired loans were 35 basis points, up one basis point from the prior quarter. Gross impaired loans rose CAD 353 million, led by Capital Markets and Wealth Management, partly offset by lower impaired loans in Commercial Banking. RBC took an additional CAD 120 million provision related to a previously impaired utility-sector borrower because of increased uncertainty surrounding resolution of that exposure.
Hepworth said retail-credit indicators were showing signs of stabilization, though delinquencies in unsecured products, particularly credit cards, remained elevated. RBC expects full-year 2026 provisions on impaired loans to remain within its previously guided range.
Looking ahead, RBC reiterated its full-year targets. It said all-bank net interest income excluding trading was up 7% year to date and remained on track for its mid-single-digit growth guidance. The bank expects Canadian banking margins to be relatively stable in the fourth quarter, as structural tailwinds are offset by competition for mortgages and term deposits. RBC also continues to expect positive all-bank operating leverage for the full year.
About Royal Bank Of Canada (NYSE:RY)Royal Bank of Canada NYSE: RY is a diversified financial services company and one of Canada's largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.
RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.
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Francisco Partners koupí Moneris od BMO a RBC za 2 miliardy CAD, tedy přibližně 1,4 miliardy USD. Součástí dohody jsou i dlouhodobé exkluzivní referral smlouvy s oběma bankami.
Moneris Solutions Corp., a Canadian provider of payments and commerce solutions that is jointly owned by BMO and Royal Bank of Canada (RBC), is set to be acquired by global investment firm Francisco Partners, Moneris said in a Monday (Aug. 10) press release.
Francisco Partners has entered into a definitive agreement to acquire Moneris from BMO and RBC for 2 billion Canadian dollars (about $1.4 billion). Subject to customary regulatory approvals and closing conditions, the transaction is expected to close by the end of the first quarter of BMO and RBC’s fiscal year 2027, according to the release.
In addition, the company has established long-term referral agreements with both BMO and RBC that will see the banks exclusively refer customers to Moneris, the release said.
As part of the transaction, Jeff Sloan, former president and CEO of Global Payments, will join Moneris as chairman, complementing the company’s existing leadership team, per the release.
Moneris offers eCommerce and omnichannel solutions, point-of-sale hardware and software, integrated business tools, and data and insights; serves businesses of all sizes across Canada; and helps businesses accept and manage payments in one out of three transactions across the country, according to the release.
Moneris President and CEO James Hicks said in the release: “This announcement marks an exciting next step in Moneris’ continued evolution as the company that powers Canadian commerce.”
Francisco Partners Principal Nate Zupan said in the release: “With Jeff Sloan’s deep industry expertise and strategic counsel as chairman, we are excited to support the Moneris team as they continue to deliver the technology, scale and reliability Canadian businesses need to thrive in an increasingly digital and AI-driven economy.”
In its own Monday press release about the sale of the jointly owned company, BMO said that its share of the 2 billion Canadian dollar transaction is 50%.
“Through our ongoing referral arrangements, clients will continue to benefit from the trusted support and solutions they rely on today,” Sharon Haward-Laird, group head, Canadian Commercial Banking & North American Integrated Solutions, and co-head Canadian Personal & Commercial Banking, BMO, said in the release.
RBC said in a Monday press release that its share of the transaction is 50% and that Moneris’ exclusive long-term customer referral arrangements with RBC and BMO will ensure that new and existing business clients continue to receive Moneris’ support and solutions.
“We’re eager to see the accelerated investment in innovation and modernized solutions Moneris will bring to our valued business clients and the Canadian market,” Sean Amato-Gauci, group head, Commercial Banking, RBC, said in the release.
It was reported in August 2025 that RBC and BMO were exploring a sale of Moneris, which they founded in 2000.
Andra AP fonden increased its stake in Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) by 875.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,077 shares of the financial services provider’s stock after acquiring an additional 140,974 shares during the period. Andra AP fonden’s holdings in Royal Bank Of Canada were worth $25,412,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in RY. Norges Bank bought a new position in Royal Bank Of Canada during the fourth quarter valued at about $3,472,382,000. Alberta Investment Management Corp acquired a new stake in Royal Bank Of Canada in the 4th quarter valued at about $324,237,000. Vanguard Group Inc. boosted its position in shares of Royal Bank Of Canada by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 67,628,463 shares of the financial services provider’s stock valued at $11,529,165,000 after purchasing an additional 1,290,142 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Royal Bank Of Canada by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 13,741,480 shares of the financial services provider’s stock worth $2,389,773,000 after purchasing an additional 882,253 shares during the last quarter. Finally, BCV Asset Management Inc. acquired a new position in shares of Royal Bank Of Canada in the 4th quarter worth approximately $136,790,000. Institutional investors and hedge funds own 45.31% of the company’s stock.
Royal Bank Of Canada Stock Performance Shares of RY stock opened at $210.39 on Tuesday. Royal Bank Of Canada has a 1-year low of $127.38 and a 1-year high of $218.57. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $291.72 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 1.71 and a beta of 0.80. The stock’s fifty day simple moving average is $198.71 and its 200-day simple moving average is $179.78.
Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last announced its quarterly earnings data on Thursday, May 28th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.03. The firm had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.74 billion. Royal Bank Of Canada had a return on equity of 17.68% and a net margin of 15.92%.The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.12 EPS. On average, sell-side analysts predict that Royal Bank Of Canada will post 11.45 earnings per share for the current fiscal year.
Royal Bank Of Canada Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be issued a dividend of $1.76 per share. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, July 27th. Royal Bank Of Canada’s dividend payout ratio is 42.41%.
Analyst Ratings Changes Several analysts recently commented on RY shares. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. Argus set a $225.00 target price on Royal Bank Of Canada in a research report on Thursday, June 11th. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Weiss Ratings cut Royal Bank Of Canada from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, June 29th. Finally, Raymond James Financial downgraded Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.00.
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Royal Bank Of Canada Profile (Free Report)
Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.
RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.
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