Royal Bank of Canada (NYSE:RY) is one of the best inexpensive stocks to invest in right now.
TD Securities lifted the price target on Royal Bank of Canada (NYSE:RY) to C$272 from C$267 on May 29 and maintained a Buy rating on the shares
Royal Bank of Canada (NYSE:RY) also received a rating update from Barclays the same day, with the firm raising the price target on the stock to C$260 from C$245 and maintaining an Overweight rating on the shares. For reference, 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.