Here’s What Analysts Are Saying About Royal Bank of Canada (RY) Post Q1

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.

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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.

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