$1.62 EPS Expected for Royal Bank of Canada (RY)

August 12, 2018 - By Megan Stone

Analysts expect Royal Bank of Canada (NYSE:RY) to report $1.62 EPS on August, 22 before the open.They anticipate $0.21 EPS change or 14.89 % from last quarter’s $1.41 EPS. RY’s profit would be $2.35 billion giving it 11.90 P/E if the $1.62 EPS is correct. After having $1.65 EPS previously, Royal Bank of Canada’s analysts see -1.82 % EPS growth. The stock decreased 1.31% or $1.02 during the last trading session, reaching $77.12. About 580,756 shares traded. Royal Bank of Canada (NYSE:RY) has risen 9.18% since August 13, 2017 and is uptrending. It has underperformed by 3.39% the S&P500.

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service firm worldwide. The company has market cap of $112.00 billion. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. It has a 13.15 P/E ratio. 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.

More notable recent Royal Bank of Canada (NYSE:RY) news were published by: Seekingalpha.com which released: “National Bank Of Canada: The Underrated Canadian Bank” on July 30, 2018, also Fool.ca with their article: “How Royal Bank of Canada (TSX:RY) and Enbridge Inc. (TSX:ENB) Can Prepare You for the Next Bear Market” published on August 08, 2018, Fool.ca published: “NAFTA: Could an August Deal Help Spark Bank Stocks?” on August 10, 2018. More interesting news about Royal Bank of Canada (NYSE:RY) were released by: Seekingalpha.com and their article: “Moody’s upgrades Canadian banks’ long-term ratings on methodology update” published on July 17, 2018 as well as Fool.ca‘s news article titled: “Is Royal Bank of Canada (TSX:RY) or Canadian National Railway Company (TSX:CNR) Better for Your RRSP?” with publication date: July 16, 2018.

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