Forex
RBC Stock Holds Steady After Record Q3 Earnings
Royal Bank of Canada's stock price has remained steady at CAD 285.07 on the Toronto Stock Exchange, despite its record-breaking Q3 earnings. According to Yahoo Finance, the bank reported a profit of CAD 6 billion for fiscal Q3 2026, up 11% year over year.
The adjusted diluted EPS reached CAD 4.28, also increasing by 11%, while revenue grew 9%. The bank's return on equity stood at 17.90%, and the Common Equity Tier 1 ratio was 13.50% in Q3 2026.
Analysts are cautiously optimistic about the stock, with a Moderate Buy consensus among 13 analysts. However, they predict a narrower valuation gap than the earnings growth alone would suggest.