Royal Bank of Canada Future Growth

Future criteria checks 1/6

Royal Bank of Canada is forecast to grow earnings and revenue by 2.4% and 4.8% per annum respectively. EPS is expected to grow by 2.9% per annum. Return on equity is forecast to be 12.1% in 3 years.

Key information

2.4%

Earnings growth rate

2.9%

EPS growth rate

Banks earnings growth	5.9%
Revenue growth rate	4.8%
Future return on equity	12.1%
Analyst coverage	Good
Last updated	07 Apr 2024

Recent future growth updates

Recent updates

We Think Some Shareholders May Hesitate To Increase Royal Bank of Canada's (TSE:RY) CEO Compensation

Apr 05

Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.38

Jan 12

Royal Bank of Canada's (TSE:RY) Upcoming Dividend Will Be Larger Than Last Year's

Jan 20

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32

Dec 28

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32

Dec 03

Here's Why We Think Royal Bank of Canada (TSE:RY) Is Well Worth Watching

Dec 01

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28

Jul 14

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28

Jun 23

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28

Jun 02

Earnings and Revenue Growth Forecasts

TSX:RY - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
10/31/2026	60,697	16,131	N/A	N/A	3
10/31/2025	58,693	15,757	N/A	N/A	11
10/31/2024	55,865	15,382	N/A	N/A	11
1/31/2024	53,508	15,058	-33,263	-30,749	N/A
10/31/2023	53,661	14,623	-20,641	-17,911	N/A
7/31/2023	51,804	14,289	-24,064	-21,331	N/A
4/30/2023	49,723	13,994	-41,345	-38,583	N/A
1/31/2023	48,365	14,595	-53,908	-51,300	N/A
10/31/2022	48,501	15,547	-89,091	-86,591	N/A
7/31/2022	48,918	15,557	-64,483	-62,107	N/A
4/30/2022	50,422	16,277	-75,324	-72,920	N/A
1/31/2022	50,574	16,033	-51,905	-49,558	N/A
10/31/2021	50,446	15,781	-30,018	-27,832	N/A
7/31/2021	48,508	15,135	-20,418	-18,293	N/A
4/30/2021	47,457	14,030	25,383	27,434	N/A
1/31/2021	43,246	11,512	-4,879	-2,566	N/A
10/31/2020	42,830	11,164	9,364	11,993	N/A
7/31/2020	43,036	11,128	11,155	13,840	N/A
4/30/2020	41,910	11,193	-23,836	-21,208	N/A
1/31/2020	45,480	12,934	-31,025	-28,580	N/A
10/31/2019	44,138	12,591	-37,804	-35,543	N/A
7/31/2019	43,583	12,630	-53,665	-51,461	N/A
4/30/2019	43,143	12,464	-34,435	-32,193	N/A
1/31/2019	41,850	12,282	-41,624	-39,440	N/A
10/31/2018	41,269	12,115	-33,005	-31,025	N/A
7/31/2018	41,242	11,696	-26,985	-25,125	N/A
4/30/2018	40,331	11,372	-15,896	-14,329	N/A
1/31/2018	40,661	11,117	-328	1,136	N/A
10/31/2017	39,519	11,128	N/A	4,429	N/A
7/31/2017	38,527	10,829	N/A	16,655	N/A
4/30/2017	38,696	10,923	N/A	-12,175	N/A
1/31/2017	37,652	10,685	N/A	39,362	N/A
10/31/2016	37,249	10,111	N/A	7,925	N/A
7/31/2016	35,677	10,168	N/A	885	N/A
4/30/2016	34,298	9,766	N/A	-13,964	N/A
1/31/2016	33,780	9,706	N/A	-44,415	N/A
10/31/2015	34,205	9,734	N/A	-62,830	N/A
7/31/2015	34,517	9,491	N/A	-69,622	N/A
4/30/2015	34,666	9,389	N/A	-48,075	N/A
1/31/2015	34,150	9,086	N/A	-47,446	N/A
10/31/2014	32,844	8,697	N/A	-37,165	N/A
7/31/2014	32,492	8,441	N/A	-37,813	N/A
4/30/2014	30,686	8,341	N/A	-43,973	N/A
1/31/2014	30,084	8,039	N/A	-57,032	N/A
10/31/2013	29,445	7,991	N/A	-34,772	N/A
7/31/2013	28,996	7,798	N/A	-32,027	N/A
4/30/2013	29,527	7,753	N/A	-16,285	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RY's forecast earnings growth (2.4% per year) is above the savings rate (2%).

Earnings vs Market: RY's earnings (2.4% per year) are forecast to grow slower than the Canadian market (11.8% per year).

High Growth Earnings: RY's earnings are forecast to grow, but not significantly.

Revenue vs Market: RY's revenue (4.8% per year) is forecast to grow slower than the Canadian market (6.7% per year).

High Growth Revenue: RY's revenue (4.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RY's Return on Equity is forecast to be low in 3 years time (12.1%).

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Royal Bank of Canada Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Royal Bank of Canada Provides Earnings Guidance for the Year 2023

Recent updates

Upcoming dividend of CA$1.38 per share

Insider exercised options and sold CA$2.3m worth of stock

We Think Some Shareholders May Hesitate To Increase Royal Bank of Canada's (TSE:RY) CEO Compensation

Royal Bank of Canada (TSX:RY) completed the acquisition of HSBC Bank Canada from HSBC Overseas Holdings (UK) Limited.

First quarter dividend of CA$1.38 announced

New minor risk - Shareholder dilution

First quarter 2024 earnings: EPS misses analyst expectations

Royal Bank of Canada Declares Quarterly Common Share Dividend, Payable on and After May 24, 2024

Royal Bank of Canada to Report Q2, 2024 Results on May 30, 2024

Royal Bank of Canada to Report Q1, 2024 Results on Feb 28, 2024

Royal Bank of Canada Appoints Amanda Norton to its Board of Directors

Upcoming dividend of CA$1.38 per share at 4.2% yield

Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.38

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.38

Royal Bank of Canada Declares an Increase to its Quarterly Common Share Dividend, Payable on and After February 23, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Autorite Des March Finciers Reaches Agreement with the Royal Bank of Canada

Upcoming dividend of CA$1.35 per share at 4.7% yield

Royal Bank of Canada Announces Management Changes

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Royal Bank of Canada, Annual General Meeting, Apr 11, 2024

Royal Bank of Canada Provides Earnings Guidance for the Year 2023

Upcoming dividend of CA$1.35 per share at 4.2% yield

Royal Bank of Canada's (TSE:RY) Dividend Will Be Increased To CA$1.35

Royal Bank of Canada Appoints Barry Perry to its Board of Directors, Effective August 1, 2023

Standard Chartered Bank Zambia Plc (LUSE:SCBL) completed the acquisition of RBC Investor Services Trust Hong Kong Limited from Royal Bank of Canada (TSX:RY)

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

President exercised options and sold CA$243k worth of stock

President exercised options and sold CA$265k worth of stock

Now 20% undervalued after recent price drop

Upcoming dividend of CA$1.32 per share at 4.0% yield

Group Head of Technology & Operations exercised options and sold CA$599k worth of stock

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32

President exercised options and sold CA$253k worth of stock

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 21% undervalued

President exercised options and sold CA$280k worth of stock

Royal Bank of Canada (TSX : RY) acquired OJO Canada from OJO Holdings Corp.

President exercised options and sold CA$271k worth of stock

Royal Bank of Canada's (TSE:RY) Upcoming Dividend Will Be Larger Than Last Year's

Royal Bank of Canada to Report Q4, 2023 Results on Nov 30, 2023

Upcoming dividend of CA$1.32 per share

Now 20% undervalued

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32

Royal Bank of Canada to Appoints Jacynthe Côté as Chair of the Board

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Royal Bank of Canada Declares Dividends Payable on and After February 24, 2023

Here's Why We Think Royal Bank of Canada (TSE:RY) Is Well Worth Watching

Royal Bank of Canada (TSX:RY) entered into an agreement to acquire from HSBC Overseas Holdings (UK) Limited for CAD 13.5 billion .

President exercised options and sold CA$300k worth of stock

Rbc Launches Swift Go, A New Way to Make Fast, Secure, Cost-Effective Cross-Border Payments

Upcoming dividend of CA$1.28 per share

Royal Bank of Canada (TSX:RY) acquired MDBilling.ca.

Royal Bank of Canada Appoints Jason Gurandiano as Head of US Technology Banking

Royal Bank of Canada (TSX:RY) completed the acquisition of Brewin Dolphin Holdings PLC (LSE:BRW).

Royal Bank of Canada (TSX:RY) completed the acquisition of Brewin Dolphin Holdings PLC (LSE:BRW).

President exercised options and sold CA$271k worth of stock

Royal Bank of Canada, Annual General Meeting, Apr 05, 2023

President exercised options and sold CA$279k worth of stock

Royal Bank of Canada Declares Quarterly Common Share Dividend, Payable on and After November 24, 2022

Third quarter 2022 earnings: EPS misses analyst expectations

President exercised options and sold CA$268k worth of stock

Upcoming dividend of CA$1.28 per share

Royal Bank of Canada Appoints Mirko Bibic to Its Board of Directors, Effective August 1, 2022 and Join the Risk and Governance Committees

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28

Group Head of Technology & Operations exercised options and sold CA$633k worth of stock

President exercised options and sold CA$276k worth of stock

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Royal Bank of Canada Declares Common Share Dividend, Payable on and After August 24, 2022

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts