Royal Bank of Canada Stock Approaches October 26 Ex-Dividend Date
Royal Bank of Canada (RY) stock was trading at CAD 277.67 on the TSX on October 5, 2026, down 0.44 percent from the previous close. The bank's third-quarter results drove this movement, with record earnings of CAD 6.0 billion and a 9 percent year-over-year revenue increase. According to an August 27, 2026, Yahoo Finance transcript, the bank's Q3 earnings rose 11 percent from the prior year, with adjusted diluted EPS also up 11 percent at CAD 4.28. Management highlighted an adjusted operating leverage of 2.4 percent and an adjusted efficiency ratio of 52 percent.
The earnings growth was broad-based, with Personal Banking generating CAD 1.9 billion in earnings and Commercial Banking delivering a record net income of CAD 936 million, up 12 percent year over year. Analysts maintained a positive outlook, with MarketBeat listing a Moderate Buy consensus from 13 analysts and an average NYSE price target of USD 225.00 for the US listing.
The next key date for shareholders is the October 26, 2026, ex-dividend date, followed by the December 3, 2026, earnings date. As of October 5, 2026, the stock price was 9.37 percent below its 52-week high of CAD 306.38 and above the 52-week low of CAD 200.82. The bank's market capitalization stood at CAD 385.9 billion, providing a strong valuation backdrop for the earnings record.