Royal Bank of Canada is a global financial institution. Its business includes Personal & Commercial Banking, Wealth Management, Investor Services, Capital Markets and Insurance. The Personal & Commercial Banking comprises its personal banking operations and certain retail investment businesses in Canada, the Caribbean and U.S., as well as its commercial and corporate banking operations in Canada and the Caribbean. Wealth Management provides a full suite of investment, trust and other wealth management solutions and businesses. We show 14 historical shares outstanding datapoints in our RY shares outstanding history coverage, used to compute RY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RY market cap history over the course of time is important for investors
interested in comparing RY's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RY versus a peer is one thing; comparing
RY market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RY can fluctuate over the course of history.
With this page we aim to empower investors researching RY by allowing them to research the RY market cap history. |
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Video: The Importance of Market Cap
