Royal Bank of Canada

TSX:RY Stock Report

Market Cap: CA$244.9b

Royal Bank of Canada Management

Management criteria checks 3/4

Royal Bank of Canada's CEO is Dave McKay, appointed in Feb 2014, has a tenure of 10.83 years. total yearly compensation is CA$16.13M, comprised of 9.3% salary and 90.7% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth CA$8.25M. The average tenure of the management team and the board of directors is 6.3 years and 8 years respectively.

Key information

Dave McKay

Chief executive officer

CA$16.1m

Total compensation

CEO salary percentage9.3%
CEO tenure10.8yrs
CEO ownership0.003%
Management average tenure6.3yrs
Board average tenure8yrs

Recent management updates

Recent updates

Royal Bank of Canada's (TSE:RY) Dividend Will Be CA$1.42

Sep 12
Royal Bank of Canada's (TSE:RY) Dividend Will Be CA$1.42

Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.42

Jun 11
Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.42

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

Apr 05
We Think Some Shareholders May Hesitate To Increase Royal Bank of Canada's (TSE:RY) CEO Compensation

CEO Compensation Analysis

How has Dave McKay's remuneration changed compared to Royal Bank of Canada's earnings?
DateTotal CompensationSalaryCompany Earnings
Oct 31 2024n/an/a

CA$16b

Jul 31 2024n/an/a

CA$16b

Apr 30 2024n/an/a

CA$15b

Jan 31 2024n/an/a

CA$15b

Oct 31 2023CA$16mCA$2m

CA$14b

Jul 31 2023n/an/a

CA$14b

Apr 30 2023n/an/a

CA$14b

Jan 31 2023n/an/a

CA$15b

Oct 31 2022CA$16mCA$2m

CA$16b

Jul 31 2022n/an/a

CA$16b

Apr 30 2022n/an/a

CA$16b

Jan 31 2022n/an/a

CA$16b

Oct 31 2021CA$17mCA$2m

CA$16b

Jul 31 2021n/an/a

CA$15b

Apr 30 2021n/an/a

CA$14b

Jan 31 2021n/an/a

CA$12b

Oct 31 2020CA$13mCA$2m

CA$11b

Jul 31 2020n/an/a

CA$11b

Apr 30 2020n/an/a

CA$11b

Jan 31 2020n/an/a

CA$13b

Oct 31 2019CA$14mCA$2m

CA$13b

Jul 31 2019n/an/a

CA$13b

Apr 30 2019n/an/a

CA$12b

Jan 31 2019n/an/a

CA$12b

Oct 31 2018CA$14mCA$2m

CA$12b

Compensation vs Market: Dave's total compensation ($USD11.20M) is above average for companies of similar size in the Canadian market ($USD7.73M).

Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.

CEO

Dave McKay (61 yo)

10.8yrs

Tenure

CA$16,125,877

Compensation

Mr. David I. McKay, also known as Dave, serves as the President & Chief Executive Officer of Royal Bank Of Canada., since 2014. Mr. David has been the President of Royal Bank of Canada since February 26, 2...

Leadership Team

NamePositionTenureCompensationOwnership
David McKay
President10.8yrsCA$16.13m0.0034%
CA$ 8.3m
Neil McLaughlin
Group Head of RBC Wealth Management7.6yrsCA$7.21m0.00069%
CA$ 1.7m
Derek Neldner
Group Head & CEO of RBC Capital Markets5.1yrsCA$10.51m0.0011%
CA$ 2.6m
Katherine Gibson
CFO & Controllerless than a yearno data0.00020%
CA$ 489.8k
Bruce Ross
Group Head of Technology & Operations10.9yrsCA$7.89m0.00045%
CA$ 1.1m
Matthew Stopnik
Head of Investment Bankingless than a yearno datano data
Maria Douvas
Chief Legal & Administrative Officer3.3yrsno datano data
Asim Imran
VP & Head of Investor Relationsno datano datano data
Amy Cairncross
Senior Vice President of Communicationsno datano datano data
Kelly Bradley
Chief Human Resources Officer2.5yrsno data0.00027%
CA$ 661.2k
Wayne Bossert
Deputy Chairman & Head of Ultra High Net Worth Clients-RBC Wealth Management19.1yrsno datano data
Greg Grice
Executive Vice President of Enterprise Services12.4yrsno datano data

6.3yrs

Average Tenure

Experienced Management: RY's management team is seasoned and experienced (6.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David McKay
President10.3yrsCA$16.13m0.0034%
CA$ 8.3m
Jeffery Yabuki
Independent Director7.2yrsCA$340.00k0.00049%
CA$ 1.2m
James Pettigrew
Chairman of RBC Europe Ltd15.9yrsno datano data
Andrew Chisholm
Corporate Independent Director8.9yrsCA$633.46k0.00029%
CA$ 710.2k
Frank Vettese
Corporate Independent Director5.9yrsCA$400.00k0%
CA$ 0
Thierry Vandal
Independent Director9.4yrsCA$400.00k0.00010%
CA$ 244.9k
Jacynthe Cote
Independent Chairman of the Board10.3yrsCA$530.42k0.00014%
CA$ 342.8k
Cynthia Devine
Independent Director4.3yrsCA$340.00k0.00092%
CA$ 2.3m
Toos Daruvala
Independent Director9.9yrsCA$340.00k0.00063%
CA$ 1.5m
Douglas Guzman
Deputy Chairless than a yearCA$7.56m0.00042%
CA$ 1.0m
Roberta Jamieson
Independent Director3.3yrsCA$340.00k0.00041%
CA$ 1.0m
Maryann Turcke
Independent Director4.9yrsCA$375.00k0.000070%
CA$ 171.4k

8.0yrs

Average Tenure

64yo

Average Age

Experienced Board: RY's board of directors are considered experienced (8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 22:53
End of Day Share Price 2024/12/31 00:00
Earnings2024/10/31
Annual Earnings2024/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Royal Bank of Canada is covered by 32 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark RosenAccountability Research Corporation
Stephen BiggarArgus Research Company
John AikenBarclays