Here’s What Analysts Are Saying About Royal Bank of Canada (RY) Post Q1
Key takeaways
- Royal Bank of Canada (NYSE:RY) received a rating update from CIBC on May 29, with the firm lifting the price target on the stock to C$279 from C$258 while reaffirming a Neutral rating on the shares.
- In its financial results for the quarter ended April 30, 2026, the company reported net income of $5.5 billion, up $1,119 million or 25% from the previous year.
- Royal Bank of Canada (NYSE:RY) provides banking and financial services.
Here’s What Analysts Are Saying About Royal Bank of Canada (RY) Post Q1 Noor Ul Ain Rehman Tue, June 2, 2026 at 9:38 PM GMT+7 2 min read RY Royal Bank of Canada (NYSE:RY) is one of the best stocks to buy now for long term growth. Royal Bank of Canada (NYSE:RY) received a rating update from CIBC on May 29, with the firm lifting the price target on the stock to C$279 from C$258 while reaffirming a Neutral rating on the shares. The company also received a rating update from Barclays the same day. The firm lifted the price target on Royal Bank of Canada (NYSE:RY) to C$260 from C$245 and maintained an Overweight rating on the shares. The rating updates came after the bank reported financial results for fiscal Q1 2026 on May 28.
In its financial results for the quarter ended April 30, 2026, the company reported net income of $5.5 billion, up $1,119 million or 25% from the previous year. Diluted EPS rose 27% over the same period to $3.85, highlighting growth across each of Royal Bank of Canada’s (NYSE:RY) business segments. Adjusted net income and adjusted diluted EPS for the quarter were $5.6 billion and $3.90, up 23% and 25%, respectively, from the prior year.
Royal Bank of Canada (NYSE:RY) provides banking and financial services. The company’s operations are divided into the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Capital Markets, and Corporate Support.