Royal Bank of Canada Announces Approval for Share Repurchase Program

Royal Bank Of Canada ( (TSE:RY) ) has shared an update.

On June 10, 2025, Royal Bank of Canada announced that it has received approval from the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions to repurchase up to 35 million of its common shares. This move, which represents approximately 2.48% of its outstanding shares, is part of a normal course issuer bid that will run from June 12, 2025, to June 11, 2026. The share repurchase is intended to provide RBC with flexibility in managing its capital position while enhancing shareholder value. This strategic financial maneuver could potentially strengthen RBC’s market position and positively impact its stakeholders by optimizing capital allocation.

The most recent analyst rating on (TSE:RY) stock is a Buy with a C$168.00 price target. To see the full list of analyst forecasts on Royal Bank Of Canada stock, see the TSE:RY Stock Forecast page.

Spark’s Take on TSE:RY Stock

According to Spark, TipRanks’ AI Analyst, TSE:RY is a Outperform.

Royal Bank of Canada holds a strong position driven by robust financial performance and strategic achievements. The fair valuation and attractive dividend yield add to its investment appeal. Technical indicators suggest a strong upward trend, but caution is warranted due to overbought signals. The bank’s ability to navigate macroeconomic challenges reinforces the overall positive outlook.

To see Spark’s full report on TSE:RY stock, click here.

More about Royal Bank Of Canada

Royal Bank of Canada (RBC) is a leading financial institution in Canada, operating in the banking industry. It offers a wide range of financial services including personal and commercial banking, wealth management, insurance, investor services, and capital markets products and services. RBC is focused on maintaining a strong market presence in Canada and expanding its operations globally.

Average Trading Volume: 4,987,548

Technical Sentiment Signal: Buy

Current Market Cap: C$246.2B

For a thorough assessment of RY stock, go to TipRanks’ Stock Analysis page.