Barclays Lifts PT on Royal Bank of Canada (RY) Following Q1 Results
Key takeaways
- 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.
- While we acknowledge the potential of RY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
Barclays Lifts PT on Royal Bank of Canada (RY) Following Q1 Results Noor Ul Ain Rehman Tue, June 2, 2026 at 9:41 PM GMT+7 1 min read RY BCS Royal Bank of Canada (NYSE:RY) is one of the top 10 undervalued blue chip stocks analysts recommend for smart investing. Barclays lifted the price target on Royal Bank of Canada (NYSE:RY) to C$260 from C$245 on May 29, maintaining an Overweight rating on the shares. The rating update came after the bank reported financial results for fiscal Q1 2026 on May 28, with the firm telling investors in a research note that Royal Bank of Canada’s (NYSE:RY) adjusted earnings beat expectations on better-than-anticipated fee income.
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.