For its fourth fiscal quarter (ending October 31), Royal Bank of Canada (NYSE: RY) has reported a 1% increase in E.P.S. from $2.90 a year ago to $2.92 in the current quarter. This result exceeded the consensus estimate of $2.13 by $0.79. For the latest four quarters through October 31, E.P.S. were $11.27 versus $10.51 for the same period a year ago — an increase of 7%.
Recent Price Action
Royal Bank of Canada (NYSE: RY) stock rose modestly by 0.5% on 12/4/24. The stock closed at $125.36. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 0.8% during the last week.
Current PriceTarget Research Rating
Royal Bank of Canada has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Royal Bank of Canada has a good Power Rating of 80 and a very high Appreciation Score of 96, and the Highest Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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