RBC Undervalued by Up to 4%, Analysts Say

Royal Bank of Canada (TSX:RY) has seen its full-year earnings expectations rise in recent months, leading analysts to view the bank favorably compared to its peers.

The bank's funding stack has been active with new fixed income offerings and NVCC instruments hitting the market, but its share price remains relatively steady.

With a year-to-date return of 21.77% and a one-year total shareholder return of 44.16%, Royal Bank of Canada's momentum is building over a longer horizon.