Analysts See $1.64 EPS for Royal Bank of Canada (RY) on May, 24

May 16, 2018 - By Margaret Guttierez

Earnings report for Royal Bank of Canada (NYSE:RY) is anticipated on May, 24 before the open., according to Zacks. Analysts expect change of 15.49 % or $0.22 from previous year’s $1.42 earnings per share compared to current’s $1.64 earnings per share. If earnings per share of $1.64 is revealed the profit of RY could be $2.35 billion giving it 12.07 P/E. -4.65 % negative EPS growth is what Wall Street’s predicts after $1.72 reported EPS last quarter. The stock increased 0.73% or $0.57 during the last trading session, touching $79.16.Currently Royal Bank of Canada is uptrending after 5.90% change in last May 16, 2017. RY has 376,897 shares volume. RY underperformed the S&P 500 by 5.65%.

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service firm worldwide.The firm is worth $113.65 billion. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products.The P/E ratio is 13.35. This segment also provides a suite of financial services and products to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

A couple more Royal Bank of Canada (NYSE:RY) news were announced by: Fool.ca which released on May 08, 2018 “Are Bank Stocks a Good Bet in a Troubled Housing Market?”, also Fool.ca on May 16, 2018 announced “Here Is Why You Should Bet on These 2 Dividend Stocks in May”, the next Fool.ca is “Toronto-Dominion Bank and Royal Bank of Canada to Benefit From Rising Interest Rates” on May 10, 2018. Fool.ca has article titled “2 Dividend-Growth Stocks Perfect to Boost Your Retirement Income”.

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