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EPA:ITX.MC 24 January 2026

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  • Royal Bank of Canada Stock Surges Above 200-Day Moving Average on Analyst Upgrades
    April 3, 2026, 3:54 AM EDT. Shares of Royal Bank of Canada (TSE:RY) climbed above the 200-day moving average of C$220.42, reaching a high of C$227.85 on Thursday. The uptick followed a series of analyst upgrades, with price targets raised as high as C$260.00, signaling moderate buy sentiment. The bank reported quarterly earnings of C$4.08 per share and revenue of C$17.96 billion, reflecting solid performance. Royal Bank of Canada also declared a quarterly dividend of $1.64 per share, yielding 2.9%. The stock's market capitalization stands at C$316.66 billion, supported by a price-to-earnings ratio of 15.61. The bank's payout ratio remains sustainable at 42.58%, underpinning investor confidence in its financial health and future earnings potential.
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