Royal Bank of Canada (RY) is enhancing shareholder value by repurchasing 35 million common shares

From Yahoo Finance: 2025-06-16 10:50:00

Royal Bank of Canada (NYSE:RY) is considered one of the most undervalued financial stocks to buy by analysts. The Canadian bank announced plans to repurchase 35 million of its common shares to enhance shareholder value, with daily repurchases limited to 25% of average trading volume.

The repurchase began on June 12, with plans to have repurchased 30 million shares by June 11, 2025. As of May 30, 2025, Royal Bank of Canada had already repurchased 6.57 million shares at an average price of $166.26 through the Toronto and New York Stock Exchanges.

Royal Bank of Canada (NYSE:RY) offers a range of financial services to individuals, businesses, and institutions, including personal and commercial banking, wealth management, insurance, and capital markets products. The bank’s efforts to enhance shareholder value through share repurchases reflect a commitment to delivering value to investors.

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Read more at Yahoo Finance: Royal Bank of Canada (RY) Returning Value by Repurchasing 35 Million Common Shares