The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

RY.TO

Concerning the House

Royal Bank of Canada operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions. The company's Commercial Banking segments provides lending, deposit and transaction banking products and services. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other solutions to clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; digital platforms; and independent brokers and partners, as well as client-led advice and solutions. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is based in Toronto, Canada.

Canada · www.rbc.com

The Ledger
LineApr 2025Jul 2025Oct 2025Jan 2026
Revenue$15.66B$16.96B$17.20B$17.92B
Net income$4.39B$5.42B$5.43B$5.78B
Diluted EPS3.023.754.03
Free cash flow$9.37B$28.47B-$15.33B$37.30B
CapEx-$483.00M-$530.00M-$549.00M-$597.00M
Quotation

$299.45

+1.89 (+0.6%)

52w hi$303.92
52w lo$181.98
Vol3.28M
As ofAug 13
The Verdict

Buy

Our score +0.58

Short+0.32
Medium+0.67
Long+0.94

computed 2026-08-13

By the Numbers

Royal Bank of Canada

Financial Services · Banks - Diversified

Market cap$416.13B
Enterprise value$113.60B
Trailing P/E19.47x
Forward P/E16.98x
EV / EBITDA
P / S (ttm)6.33x
Profit margin33.7%
Return on equity16.2%
Revenue growth+16.1%
Earnings growth+27.5%
Debt / equity
Risk Metrics
Beta vs SPX0.54
Corr SPX0.56
Annual vol15.6%
Annual ret+36.7%
Sharpe2.35
Max DD-14.0%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.50
Sector+0.09
Technical+0.30
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$298.50$300.70$297.11$299.453.28M
Aug 12$293.56$297.80$292.51$297.563.28M
Aug 11$295.24$296.95$292.88$293.122.55M
Aug 10$294.31$296.92$293.50$294.093.92M
Aug 7$296.00$296.73$292.51$294.592.65M