Barclays Lifts PT on Royal Bank of Canada (RY) Following Q1 Results

2 days ago 6

Noor Ul Ain Rehman

Tue, June 2, 2026 astatine 9:41 AM CDT 1 min read

Royal Bank of Canada (NYSE:RY) is 1 of the apical 10 undervalued bluish spot stocks analysts urge for astute investing. Barclays lifted the terms people connected Royal Bank of Canada (NYSE:RY) to C$260 from C$245 connected May 29, maintaining an Overweight standing connected the shares. The standing update came aft the slope reported fiscal results for fiscal Q1 2026 connected May 28, with the steadfast telling investors successful a probe enactment that Royal Bank of Canada’s (NYSE:RY) adjusted net bushed expectations connected better-than-anticipated interest income.

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In its fiscal results for the 4th ended April 30, 2026, the institution reported nett income of $5.5 billion, up $1,119 cardinal oregon 25% from the erstwhile year. Diluted EPS roseate 27% implicit the aforesaid play to $3.85, highlighting maturation crossed each of Royal Bank of Canada’s (NYSE:RY) concern segments. Adjusted nett income and adjusted diluted EPS for the 4th were $5.6 cardinal and $3.90, up 23% and 25%, respectively, from the anterior year.

Royal Bank of Canada (NYSE:RY) provides banking and fiscal services. The company’s operations are divided into the pursuing segments: Personal and Commercial Banking, Wealth Management, Insurance, Capital Markets, and Corporate Support.

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