Royal Bank of Canada stock falls 2.03 percent after record profit

Published on 09/25/2026 at 12:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Royal Bank of Canada stock traded at CAD 281.35 on September 24, 2026, after a 2.03 percent decline. Q3 net income rose 11 percent to CAD 6.024 billion.

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Royal Bank of Canada stock (ISIN CA7800871021) traded at CAD 281.35 on the TSX on September 24, 2026, down 2.03 percent from the previous close of CAD 287.17. The bank's latest quarter delivered record net income of CAD 6.024 billion, giving the market a strong earnings counterpoint to the daily decline.

Record profit meets weaker session

According to Newswire on August 27, 2026, Royal Bank of Canada reported third-quarter net income of CAD 6.024 billion for the quarter ended July 31, 2026, up 11 percent from the prior year. Diluted EPS reached CAD 4.23, an increase of 13 percent year over year and 10 percent from the previous quarter.

Total revenue rose 9 percent year over year to CAD 18.538 billion in Q3 2026, compared with CAD 16.985 billion in Q3 2025. The comparison shows that earnings growth was supported by broader operating expansion rather than by a single isolated result.

Analyst target remains close

As MarketBeat reported on September 3, 2026, Jefferies raised its Royal Bank of Canada price target from CAD 268 to CAD 271. The new target was still below the stock's September 24 trading level, putting valuation discipline alongside the record quarterly result.

The latest TSX quote stood at CAD 281.35, with a September 24 intraday range of CAD 281.11 to CAD 286.77. The 52-week range was CAD 200.82 to CAD 306.38, while market capitalization stood at CAD 276.44 billion and volume reached 3.24 million shares.

Stock remains below yearly high

Royal Bank of Canada stock was 8.17 percent below its 52-week high of CAD 306.38 on September 24, 2026. The combination of a 2.03 percent daily decline, record quarterly profit and a price below the yearly high leaves the next market debate centered on whether earnings growth can continue to support the valuation.